Sentences with phrase «records than credit scores»

LMI individuals often have better utility bill payment records than credit scores, and utility bill payment is a better indicator of default risk in an on - bill financing program anyway (and default rates have been extremely low).

Not exact matches

Investors might be less concerned with your credit score than lenders, but they'll be wary of entrepreneurs with major blemishes such as a bankruptcy or loan default on their record.

Your credit score rating is much more than just your payment record.

With things like mortgages, your salary is likely to be more important than your credit score alone, but no one will give you a dime if you have a record of not paying your bills.

That includes record ownership by those whose credit scores are less than stellar, and for those card - owners there's often a catch.

Public Records on a Credit Report: All You Need to Know A public record on a credit report can have a more deteriorating effect on credit score than many missed or late payCredit Report: All You Need to Know A public record on a credit report can have a more deteriorating effect on credit score than many missed or late paycredit report can have a more deteriorating effect on credit score than many missed or late paycredit score than many missed or late payments.

Your credit score is more of a track record than a snapshot, so consistency is key.

Consumers with «thin» credit bureau files tend to be more heavily scrutinized by the scoring formula than those with multiple accounts and a longer track record.

Surprisingly, your credit score matters more to insurance companies than your actual driving record does.

Along with the clear benefits of adding positive credit history to anyone's credit score, becoming an authorized user on a card with a not - so - positive track record that includes late payments or high utilization can lead to more problems than additional score points.

That's partly because consumers with bankruptcies on their credit report are scored differently than users without bankruptcies; a bankrupt consumer with a sterling record of on - time payments may have a higher credit score than a person on the verge of bankruptcy who has dozens of missed payments, charge - offs, collections, and liens.

Floridan drivers with clean records, but bad credit paid $ 1552 more than their peers with similar records, but better credit scores.

The only ways you can dramatically boost your credit score within a month or two is by cleaning up the public records section of your credit report (as discussed above), paying down a substantial amount of debt if you are close to your credit limits (also discussed above), or getting a creditor or the credit bureau to stop reporting negative information that is more than 7 years old.

One insurance company has even said that credit scores are a much more accurate predictor, much more than a driving record.

Those with less - than - stellar credit scores and track records are having a harder time getting subprime loans from lenders because of the default rates.

If this reported balance is higher than the one reported the prior month, credit utilization can rise and the score can drop, at least temporarily, until the balance is recorded by the bureau as being paid off.

In Florida, a motorist with a poor credit history but a spotless driving record paid on average $ 1,552 more than a driver with a DWI but an excellent credit score.

According to Consumer Reports, single drivers in New York state with good credit scores and clean driving records are charged $ 255 more for auto coverage than they would be if they had an excellent credit score.

The problem with using a credit history / score to determine an individual's auto insurance rate is that companies are using socioeconomic factors to establish a premium rather than using a client's actual driving record.

Single drivers in this state with a «good» credit score as well as a clean driving record will pay about $ 255 more for auto insurance than they would have if they had an «excellent» credit score.

Credit scores can play a larger role in establishing a car insurance premium than does a driving record.

Considering that it's harder than ever for first - time homebuyers to qualify because their credit scores aren't high enough, the practice of not reporting positive credit records has to change.

A public record on a credit report can have a more deteriorating effect on credit score than many missed or late payments.

Credit scores don't just matter — a new special investigation by Consumer Reports has found that sometimes your credit scores matter more than your driving rCredit scores don't just matter — a new special investigation by Consumer Reports has found that sometimes your credit scores matter more than your driving rcredit scores matter more than your driving record.

SoFi, for example, looks at more than just your credit score, considering your employment history, debt payment record, and cash flow, too.

Major bank credit cards with good payment records are better for your score than a department store card.

Lenders also charge more to offset risk when low credit scores suggest a borrower has a less - than - perfect payment track records.

Rather than looking at your credit score or income, how much you can borrow and whether you qualify for a Funding University loan is determined by things like class hours completed, graduation date, academic record, major, employment or internship experience, and any other academic or extracurricular activities that show that you are on track towards your professional and academic goals.

Those kind of tickets get sent to collections and hurt your credit score if you don't pay them, rather than affecting your driving record.

Even with a clean driving record, car owners can pay hundreds of dollars a year more for insurance if they have anything less than the best credit score.

Keep in mind, if you have a poor driving record or even poor credit score, your quoted rates will likely come in higher than average.

For example, our single New Yorkers with good credit scores and clean driving records would pay an average of $ 255 more in annual premiums than if they had excellent credit scores.

This male driver has a clean driving record and a higher - than - average credit score.

For example, if your credit score is low, but you have a good driving record an insurance company may weight the credit score more than your driving record.

Another company may weight your driving record more than your credit score.

Some insurers are convinced they can better set premiums based on your credit score than on your driving record.

The use of insurance scoring varies from state to state and company to company, says Gorman, but the insurance industry believes that drivers with long, stable credit records have fewer accidents than drivers who don't.

They wonder, for example, the logic behind how someone with a bad or not - so - good driving record could get a lower car insurance rate than someone with a mediocre credit score.

South Dakota drivers are already getting better deals than many people nationwide, but those who have excellent driving records, are over 55 years old, have a good credit score, take a defensive driving course, install an anti-theft device, or drive a vehicle with air bags or anti-lock brakes may be eligible for additional discounts.

Believe it or not, your credit score may actually be more important than your driving record in determining the prices auto insurers propose to charge you for coverage.

Further increases in credit card account volume could occur in 2016 as more financial institutions utilize new, sophisticated alternative data solutions such as CreditVision Link, which has been shown to score more than 60 million traditional «no - hits» and unscorable records.

Your credit score can follow you almost like a criminal record, and it can make big, important purchases — like houses or cars — much more difficult than they should be.

In a study of over 15 million rental records conducted by TransUnion, they found that credit score was much more important than income to rent ratio.