Sentences with phrase «use credit scores»

You use your credit scores to do different things: take out a mortgage, apply for a credit card, finance a car, etc..

Also, employers are starting to use credit scores when hiring.

Banks and credit card companies use credit scores to assign interest rates to its borrowers.

Insurance companies use credit scores to determine how much of a risk you are.

Creditors and lenders use credit scores to decide:

Now, one aside, proponents of credit checks in employment have stated there's a misperception because employers don't use credit scores.

And for good reason: Lenders use credit scores to determine everything from the interest rate on your mortgage to whether you qualify for the juiciest credit card rewards.

Consumer Reports details how insurance companies use credit scores, or at least variations of traditional scores to help them determine your premium.

Employers also use credit scores in hiring decisions, concerned that a poor credit history reflects a lack of character.

Citizens not only use the credit scores of borrowers but also their bankruptcy scores to aid in the decision of what loan to give and to decide whether or not to issue credit cards.

Banks and other businesses use credit scores to predict the odds a borrower will repay a debt, and although many other types of credit scores exist, the FICO score is easily the one most popular with lenders.

Here are some of the ways people and businesses use credit scores, and what you should know.

Credit card companies and other lenders use credit scores as a key factor in determining whether you will get credit, how much you will get, and what your interest rate will be.

The report from the Consumer Federation of America and VantageScore Solutions, a credit score provider, found that about 40 percent of Americans still do not know that credit card companies and mortgage lenders use credit scores to help determine if applicants are eligible for credit and what the interest rate will be.

A survey dating to 2001 said that 92 % of insurance companies use credit scores in determining rates.

Credit grantors use credit scores to approve mortgages, auto loans, and credit cards.

Oakland was the only city that did not consider credit scores because California is one of three states including Massachusetts and Hawaii that prohibit auto insurers to use credit scores in their pricing.

They use credit scores to determine who qualifies for a loan as well as what interest rate and what credit limit is to be granted.

How do lenders use credit scores?

95 percent of auto insurers use credit scores in their pricing of insurance policies, according to Consumer Federation of America.

Lenders want to avoid foreclosure as much as you do, so they use credit scores as their first line of defense.

«What you see is that not only do different insurance companies use credit scores in different ways, but those companies will also vary the way they use credit scores depending on the state they're in,» says Lynch.

Even utility and mobile phone providers will use your credit scores to determine whether you're eligible for service and, if so, how much you will have to put down as a deposit (if one is required) to open a new account.

So first use the Credit Scores guide for a full explanation and how to do it.

The government does not use credit scores to approve applicants.

Insurers use credit scores as one of the key factors to determine what is known in their world as an insurance score.

Creditors and loan lenders use credit scores to decide:

Additionally your credit scores may be used to adjust rates on your car or homeowners insurance, and landlords use credit scores to decide who can rent their property.

You may be surprised by how much we use credit scores as a crutch for possessions we want, and feel we need.

Banks use credit scores to determine whether or not they should issue a loan to you.

Mortgage lenders and other creditors frequently use credit scores, known as FICO scores, to determine the credit risk.

Amy Bach, executive director at nonprofit consumer advocacy group United Policyholders, also thinks it's unfair to use credit scores to set insurance rates.

Lenders use credit scores to determine the credit worthiness of loan and credit card applicants.

Retail stores will also use credit scores to offer clients special credit cards affiliated with the company.

Private student lenders almost always use credit scores to evaluate loan applications.

Insurance companies use credit scores as part of their risk profiling, so you get a higher premium when you pick up vehicle or home insurance.

As landlords, we actually do use credit scores to help screen our prospective renters.

Lenders use credit scores to make a decision about extending credit and interest rates to the borrower.

Today, companies use credit scores to make decisions on credit cards, auto loans, mortgages and even insurance and employment.

When you go to bank, lender or any other finance company to apply for a home, auto or other loan, they use your credit scores to determine if you qualify for the loan and at what interest rate; If you have low or bad credit scores, the lender will deny (or disapprove) your loan.

Insurance companies use credit scores to predict the chances of an individual filing an insurance claim and the amount of that claim.

Lenders use credit scores to makes decisions on the interest rates on your credit instruments or loans, issuance of loans or credit cards, and increasing credit... Read more»

Certain insurance companies use credit scores to rate you, so car insurance could be higher.

Mortgage lenders use credit scores for risk analysis, among other reasons.

Lenders use credit scores to gauge the probability you'll pay them back.

How Lenders Use Credit Scores - Understand the basics of how credit scoring works and how lenders use credit scores.

You should also understand how credit scores are calculated, how lenders use credit scores, and how you can improve your credit score.

Advertising that included such phrases as «see what lenders see,» it's argued, implied that banks, card issuers, and more will see and directly use the credit scores Equifax, TransUnion, and Experian generate.

Lenders use credit scores as a risk - assessment tool.

With this, lenders can use credit scores to quickly filter companies based on their credit worthiness.