What counts for credit scoring?
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clemmy
Apprentice
Joined: 24 Jan 2004
Posts: 4
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 Posted: 01/28/08 - 11:39 Post subject: |
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| I plan on searching for some loan of a lender and am concerned over my credit scoring actually am curios to hear if this credit scoring could have some impact on my lender to decide weather to offer me the loan or not. So what counts for credit scoring and is it a part of credit history for I actually had some loans and credit card debts not so long time ago? Thanks much! |
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kimberlyn
Apprentice
Joined: 17 Apr 2004
Posts: 4
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| Posted: 02/27/08 - 00:15 Post subject: |
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| Sure your credit scoring would effect your lenders decision upon offering you a loan for analyzing your credit scoring he actually calculates are you worth of offering a loan and basically if it turns out that you are not the one who is able paying off the loan you are not likely to get one due to your credit scoring at first and the situation even gets worse if you have bad credit history. Anyway credit scoring is not the part of credit history it is just that this info comes along with credit history details. Anyway what most counts for credit scoring is the number and your late payments including how much you are late with them too as well as the type and accounts number and age. Also your credit scoring consists of total debt and public records upon whose results your lender would decide whether to offer you a loan or not. |
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