Credit Scoring Doesnt Rate You Personally

The credit scorers select certain characteristics that you share with others who have (or have not) paid their bills as scheduled; then, based on these selected characteristics, the scorer's mathematical formula assigns you a number. Supposedly, this assessment accurately gauges the risks you present to the lender—but it doesn't. Why? Because you are a unique individual. Although you share some similarities with this computer sample of borrowers, you also differ in many ways of which the credit scoring programs know nothing. These unaccounted-for differences may give you more (or less) borrowing credibility than your credit score indicates.

Credit scores parallel SAT scores and other college admissions tests. If you fail to register a top score, you can kiss Stanford good-bye—unless, that is, you write a superlative admissions essay and bolster your application with distinguishing achievements (and, of course, a big donation from your rich uncle wouldn't hurt your chances).

Avoiding Credit Card Disaster

Avoiding Credit Card Disaster

People who struggle with saving money and getting out of debt will find these things in common: They don't know how to stop blaming. They have no idea where their money needs to go! They don't know they need to forget the home equity line. They also don't understand they need to sell some investments. Many more problems untold. Well don't worry, With the strategies that I’m about to let you in on , you will have no problems when it comes to understanding how to get out of credit card debt.

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