UCONN Home Good Credit

Industry News

Maintain the ones with the longest credit history and build on this by paying your balance on time. As credit became more popular, it became more difficult for lenders to evaluate and approve credit card and loan applications in a timely and efficient manner. In general, industry participants maintain that the data in credit reports is very accurate.[2][3] The credit bureaus point to their own study of 52 million credit reports to highlight that the data in reports is very accurate. If you are in need of inexpensive property and casualty insurance it would help if you keep a good credit score.

It’s a private algorithm that is closely guarded but there is general information available as to how it’s calculated. So, before turning on your electricity, the company will check to see if you have good credit. If your FICO score is.Your interest rate is.And your monthly payment will be.

Read more columns by the Credit Card Adviser. Obviously that number can be somewhat dynamic and depends on what the lender’s guidelines dictate.

University of NYC
70 Washington Sq.
New York, NY 10012