Sentences with phrase «different types of credit scores as»

Although your credit score is one factor that goes into the decision making process — lenders, credit card issuers, and other financial institutions use a variety of different types of credit scores as well as other criteria to make credit and lending decisions.

Credit card companies use a variety of different types of credit scores as well as other criteria to make credit decisions.

Not exact matches

As we mentioned before, the credit card companies use a variety of different types of credit scores and other criteria to determine if you are eligible for one of their cards so having a credit score in a particular range is not a guarantee that you will be approved for the card or for the terms you applied for.

As much as those two things matter, the different types of credit you have determines about 10 % of your credit scorAs much as those two things matter, the different types of credit you have determines about 10 % of your credit scoras those two things matter, the different types of credit you have determines about 10 % of your credit score.

Your actual rates and payments may differ from the estimates provided by this calculator as a result of selecting / qualifying for a different product type, loan / line amount, term (if applicable), and rate; your actual credit score; and our pricing and underwriting policies and procedures.

As you'll see below, these financial institutions use various scores from credit bureaus for different types of credit applications (for mortgages, credit cards, etc.) and sometimes even combine existing data to create their own scores.

Keep in mind when credit card issuer's are making a decision if you will be approved for one of their credit cards they use a variety of different types of credit scores and other criteria to make credit decisions including what terms, such as interest rate, you may be eligible for.

Under the FICO 8 score model, consumers who have different types of credit accounts (such as a mortgage, auto loan, and credit cards) will be given a higher score than those who only have a couple types of accounts.

Your credit score will also be partially based on your total number of accounts, as well as the different types of credit that you have.

Visit our blog next week as we will be covering the different types of revolving credit and how they affect your scores and reports.

Your score is affected by the different types of credit you use such as a credit card, a line of credit or a car loan.