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Garysnober · Joined: 17 Mar 2009 Posts: 450 15.29 Dollars($)

I have never heard of companys turning down credit cause of address or location of house.... And nancy only hard inquiry will lower ur credit score, Not a lot but just dont get too many of these as they stay on ur credit.

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CAN SOMEONE TELL ME IF MEDICAL BILLS GO ON YOUR CREDIT REPORT IN MASS

gmakerley · Posted: Fri Jun 19, 2009 10:02 am Post subject:

matt, location isn't important. if a creditor reports a medical collection to a credit bureau, it will appear on your credit report, whether in massachusetts or elsewhere.

Realgeni · Joined: 13 Apr 2009 Posts: 1434 99.76 Dollars($)

Facotr which affect your credit score and how

Credit Score:

Your credit score and report is based on the following

35% is based on payment history
30% Amount you owed
15% length of history
10% New credit
10% on types of credit

As you can see 35% is payment history, as you are making payment on time now, it will help you to improve the score quickly and the next 30% is how much you owed. As you keep making payment it will reduce the amoutn you owed helping again to improve your score and report.

15% is length of credit history.

The rest 20% is made up of Type of credit and new credit

So always payattention to yoru first two items

manoj_gopale · Joined: 16 Feb 2009 Posts: 488 0.00 Dollars($)

realgeni,

this is a nice illustration in terms of percentage.Surely it will help people while taking any decision pertaining to the mortgage as well as credit score improvement.

keep in touch.....

Realgeni · Joined: 13 Apr 2009 Posts: 1434 99.76 Dollars($)

Thanks

No problem

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What factors affect the credit score calculation?