This information lets you know how potential creditors score your application for credit. Unfortunately credit application scoring is a form of discrimination based on certain factors, i.e., age, work history, and so on. The score they come up with determines the amount of credit, if any they will extend to you.
In addition to this information, you want to visit; www.keepcashnow.com and download the e-book that has a list of creditors and banks they use to pull your credit. The e-book entitled
AGE POINTS
18-21 0
22-25 1
26-64 2
65-69 1
MARITAL STATUS
Married 1
Single 0
Separated 0
Widowed 0
Divorced 0
DEPENDENTS
No Dependents 0
One to three 2
Over three 1
RESIDENCE
Rent Unfurnished 2
Rent Furnished 1
Own without Mortgage 4
Own with Mortgage 3
Live with Parents 1
PREVIOUS RESIDENCE
0 to 5 Years 0
6 Years and up 1
MONTHLY OBLIGATIONS
0 to $250 1
Over $250 0
CREDIT HISTORY
Loan at this Bank 4
Loan at Other Bank 3
Savings Account 2
Checking Account 2
OCCUPATION
Professional 3
Skilled 2
Unskilled 1
YEARS WITH EMPLOYER
Under One 0
One to Three 1
Four to Seven 2
Eight or Over 3
MONTHLY INCOME
Under $600 1
$600 to $1,000 2
$1,000 to $1,250 3
$1,250 to $1,500 4
$1,500 to $2,000 5
$2,000 and Over 6
TELEPHONE
Listed in Applicants Name 2
Not Listed in App's Name 0
In most cases, 18 points is the minimum number of points acceptable if they extend an unsecured credit to you. Qualifying factors most leading institutions weigh the heaviest are a good salary/high paying job, a good payment history if applicable.
In addition to this information, you want to visit; www.keepcashnow.com and download the e-book that has a list of creditors and banks they use to pull your credit. The e-book entitled
Increase Your Credit Score By Knowing Your Credit Card Company Upload Dates
It is always a good idea to know which credit bureau a bank will pull from before your credit is pulled.
Credit Scoring System
18-21 0
22-25 1
26-64 2
65-69 1
MARITAL STATUS
Married 1
Single 0
Separated 0
Widowed 0
Divorced 0
DEPENDENTS
No Dependents 0
One to three 2
Over three 1
RESIDENCE
Rent Unfurnished 2
Rent Furnished 1
Own without Mortgage 4
Own with Mortgage 3
Live with Parents 1
PREVIOUS RESIDENCE
0 to 5 Years 0
6 Years and up 1
MONTHLY OBLIGATIONS
0 to $250 1
Over $250 0
CREDIT HISTORY
Loan at this Bank 4
Loan at Other Bank 3
Savings Account 2
Checking Account 2
OCCUPATION
Professional 3
Skilled 2
Unskilled 1
YEARS WITH EMPLOYER
Under One 0
One to Three 1
Four to Seven 2
Eight or Over 3
MONTHLY INCOME
Under $600 1
$600 to $1,000 2
$1,000 to $1,250 3
$1,250 to $1,500 4
$1,500 to $2,000 5
$2,000 and Over 6
TELEPHONE
Listed in Applicants Name 2
Not Listed in App's Name 0
In most cases, 18 points is the minimum number of points acceptable if they extend an unsecured credit to you. Qualifying factors most leading institutions weigh the heaviest are a good salary/high paying job, a good payment history if applicable.
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