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Credit Score

            This article tells how important your credit score really is. Your credit score is used for almost everything today from buying a car to even getting a job. Before 2001 credit scores were not available personally to you. After a California law made in 2001 you can obtain them all over the place for the least $9 all the way up to $80 for a years subscription. I personally think it is ridiculous that you have to pay to view your own credit. That should be your personal information and should be available to you at any time. Your credit score is used to determine the likelihood of customer's future claims, chances that you will pay your loans back, and your interest rate you will be paying. Employers are running credit to see what kind of problems you have. Apartment renters are also running your credit to make sure they get paid. I agree that they should have a credit score so you can know your risk of lending someone money. I couldn't think of any other way to do so. If a person has a history of not paying bills or repossession it is likely the same will happen to you. Granted there are always exceptions, but in general history always repeats itself. The main score used is called the FICO score. Scores range from 350 to about 850. It is said, 720 is the dividing score between the top half that will receive the best rates and the bottom half the will receive higher rates. They say how you can get your score all over the internet and soon in the future they will not be charging as much for this service.
            


Essays Related to Credit Score

1. Credit Scoring

If the industry does not limit the use of credit, scoring on their own, the government will step in and make a ruling on how credit scoring can be used. ... Are you aware consumer credit scores are used in determining insurance premium? ... Does your State allow credit scoring to be used in underwriting? ... What is the state proposing to do about the use of credit scoring? ... Were you told your credit score would be used in determining your risk factor? ...

  • Word Count: 2308
  • Approx Pages: 9
  • Grade Level: High School

2. Credit Cards

Credit Cards: The Potential Dangers Credit card debt is a major problem for some college students because it can easily get out of control. ... The average score was fifty-seven percent ("Undergraduate Students and Credit Cards" 9). ... Credit cards are also quite convenient. ... Also, using a credit card gives the user a credit history, which helps to get home loans and other credit in the future. ... However, credit cards can be quite convenient and helpful in establishing a credit history. ...

  • Word Count: 1144
  • Approx Pages: 5
  • Grade Level: High School

3. Film Music Scores - Past to Present

The scoring of a film has always been a cornerstone to the success of the film, no matter how primitive or extravagant the music may be. The history of the film score indicates the work and industry growth and how much that growth has changed the movie going experience. ... Symphonic, highly orchestrated film scores began to "take a seat closer to the front of the bus." ... With the development of intricate, multi-layered film scores, came a concept known as the "click track." ... These men wrote the scores for many of the famous films that came out of the era of the "talkie." ...

  • Word Count: 3194
  • Approx Pages: 13
  • Has Bibliography

4. Low-Income Communities and the 2007 Housing Crisis

Credit score was also a major key in the crash of 2007. Lenders looked at the credit score, and if the credit score passed a certain threshold, then the applicant was able to receive the said loan for the mortgage on the house. ... With a low credit score, many low-income families are not able to take out loans for high education or even loans for their house. ... Their credit score was average, sub-par at best; however, after the crash, it tanked severely. ... With a low credit score, families are not able to afford higher education which only feeds more to the negative feedback loop. ...

  • Word Count: 1538
  • Approx Pages: 6
  • Has Bibliography
  • Grade Level: High School

5. Consumer Rights

Some creditors use the process of credit scoring to decide whether to give a loan or credit card (Alexander 1). The credit scoring system awards points for each factor, involving the consumer's past credit history, the creditor finds important (Alexander 1). ... The California Bankers Association rejected the Credit-score Access Bill (Showley 1). ... The California Bankers Association believed that consumers would change their credit records to improve their scores (Showley 1). ... In addition, the right to receive a copy of their credit scores with copies of their credit file (Realit...

  • Word Count: 1505
  • Approx Pages: 6
  • Has Bibliography

6. A Glimpse into Optometry Schools

The average GPA for students accepted by SCCO is 3.34 and the average OAT score is 335. ... The average GPA for these incoming students was 3.33 and the average OAT score was 325. ... Incoming UHCO students had an average GPA of 3.31 and an average OAT score of 318. ... Students have 62.75 credits during their first year, 63.25 credits their second year, 57.75 credits the third year, and 54 credits their final year. ... An optometry student there can expect to have 61 credits his first year, 64.5 credits the second year, 51.5 the third, and 48 credits his final year. ...

  • Word Count: 1297
  • Approx Pages: 5
  • Grade Level: High School

7. NCLB ACT

Each state can determine what is deemed as proficient when it comes to testing scores. Many states are lowering their test scores so more students can pass or meet the "proficiency guidelines". ... Now the individual schools are keeping these students so they can get a better overall score on standardized testing at their home school. ... In Ohio, seniors must have three mathematic credits to meet there graduation requirements as well as passing the OGT. ... Seniors at Newark City Schools will have at least an Algebra I credit, Geometry credit, and an Algebra II credit. ...

  • Word Count: 888
  • Approx Pages: 4
  • Grade Level: High School

8. Real Estate Investing

Score each answer 1 to 3., ex. ... Total up the scores from all five questions. ... If the score is 11 or higher, go see the property. ... Your challenge is not to always have adequate credit, cash flow, or collateral --- but to find other people who are willing to lend them to you. ... If you lack any of the four C's --- credit, cash, cash flow, or collateral then you will need some help from OPM or OPR. ...

  • Word Count: 1382
  • Approx Pages: 6
  • Has Bibliography
  • Grade Level: High School

9. Zimpfer vs. Palm Beach County

In evaluating the overall scores, Mr. ... Josephs didn't have access to all the information related to the evaluations of the candidate pool and therefore couldn't consider all the evidence when designing and assigning credits in her matrix. ... Zimpfer scored better in an analysis of overall job experience and job duties. ... Josephs, there were at least two candidates who scored as well or better than Mr. ... It would have benefited them to invest in a third party scoring system to review all the candidate information - from experience to interview scoring and personality fit - t...

  • Word Count: 608
  • Approx Pages: 2
  • Has Bibliography
  • Grade Level: High School

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