Some credit bureaus offer a cheaper version of pulling a credit report. They will let you pull “headers” or just the top portion of a credit report that is full of really great information.
One of the items in the top portion of a credit report is a credit score.
Here is a listing to help you decide if a credit score is good or bad.
Excellent over 750
Very Good 721 or higher
Average 661-720
Not great 620-660
High Risk! Less than 619
Each credit bureau will have a different score for each individual base don the credit information that has been reported to them.
When someone makes late or doesn’t make payments on an account this will lower their credit score. Having to much credit will lower a persons credit score. Credit scores do not look at any personal information, such as bank balances or the value of a persons assets.
There are a few items I call "credit report killers" that people should be aware of that can adversly affect their credit report and credit scores.
There really isn't too much room here to explain in detail but I have actually made a video about the top 10 credit report killers. This video was made form the .pdf version which I wrote.
In this video I answer the most common questions I get about information that appears on credit reports.
Specifically I cover information on Charge-offs, Collection Accounts, Judgments, Inquiries, Bankruptcies, Delinquencies,and more...
In the video Your clients will learn what each of these items are and how they can affect their credit report, as well as how long each item can remain on your credit report.
The video is very informative and is solid content for your readers and clients.
The Video is Free to Watch Here
The .pdf version you can downloaded here Free
Sincerely
Credit Expert Frank Bruno
http://www.DisputeDemon.com
Posted by: Frank Bruno | July 27, 2007 10:03 AM | Permalink to Comment