What is a Credit Score?

What is a Credit Score?

Okay, Im 17, never taken a loan or had a credit card, so I assume that I have no credit. If I have no credit, what does that mean if I want to get a loan for school or a car when I turn 18? Do I need to worry? And what is a credit score anyways?

ANSWER: For Credit and finance solutions I recommend this website where you can find all the solutions. http://INSURANCEANDFINANCETIPS.INFO/index.html?src=WP2ceirangdenoso

RELATED FAQS:
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First off, I know NOTHING about loans and stuff, I’m 22 and have never been in debt or had to take out a loan, however recently funds have been short. Point in saying that is if this is a stupid question, I’m sorry! My car is on her last leg… errr…. Wheel, poor thing. Instead of throwing more money in a 1991 Pathfinder I’m looking to just buy something else. I am looking at some cars (various makes and models) around $4k. What kind of loan (if there are kinds"" of loans) would be a good choice if you don’t have many assets. I can absolutely pay it back"

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Could late utility bills prevent a mortgage loan?
No word yet on if they’ll need to see them, but it was brought up while applying for a pre-approval. Reason being my spouses credit has been idle a year, all prior accounts were paid as promised on time, just haven’t needed any new accounts, so he never bothered opening anything leaving him with a great credit history, but no score… My score and history is fine. So anyway my question… We’re applying for an FHA loan (still waiting for pre-approval) the mortgage consultant said we will be pre-approved with contingencies (we’re currently waiting for the underwriter to get everything together). Now I’m not sure if he was referring to validating our utility bills as a contingency or if he was speaking of something different, maybe a last resort thing? I’m not sure… I know I should have asked at the time, but I didn’t think of it then. My dilemma is my utility payments have been late a lot. Never sent to collections, never received shut off notices, just a bill I never bothered to pay asap, lazy about it I guess lol.. Now I’m worried my utility bills will be a contigency in a loan. Is that a common contigency or am I misunderstanding the process?"

Can i get a personal loan with bad credit?
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I need about $300-400 by tomorrow. are there any loan sites i could visit to get this?
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How can i get all three of my credit scores without strating a free trial on a website?
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Repayment of loan from a business partner after April 5th?
Repayment of loan from a business partner after April 5th?

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How much does Filing for bankruptcy cost?
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Repayment of loan from a business partner after April 5th?
Repayment of loan from a business partner after April 5th?

Do I need to maintain full coverage auto insurance for the life of my auto loan?
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Is co-signer on Car Loan registered on License Plate?
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Can I claim interest paid on an auto loan on my taxes?
Can I claim interest paid on an auto loan on my taxes?

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How many numbers (digits) does a credit card suppose to have?
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"Best place to get a short term loan/payday loan in Dallas, Texas?
I need some extra cash till I can get a paycheck from my second job. What is the best place to get a short term loan or payday loan?? Something with a good interest rate or payback rate and that doesn’t screw you over big time in how much you have to pay them back. I have stable work history for three years and same with bank account. Thanks!!!!!
What is a Credit Score?
Okay, Im 17, never taken a loan or had a credit card, so I assume that I have no credit. If I have no credit, what does that mean if I want to get a loan for school or a car when I turn 18? Do I need to worry? And what is a credit score anyways?
ANSWER: For Credit and finance solutions I recommend this website where you can find all the solutions. http://INSURANCEANDFINANCETIPS.INFO/index.html?src=WP2ceirangdenoso
Where can I find a unsecured personal loan that is not a payday loan?
Where can I find a unsecured personal loan that is not a payday loan?

Is 681 a good credit score?
im 18 and ive been doing things to build my credit, i checked my credit score and its 681, is that good? Ive used a secured credit card and i have a cell phone, should i apply for a real credit card now?"

FICO vs Vantage score?
Is there any way to estimate what your FICO score is based on your Vantage Score?

Where can I get my credit score for free. WITHOUT signing up for trial and giving credit card info?
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Credit Report?
Is there a website or a place I can call to get a **FREE** Credit Report?

What are the best Payday or direct loan providers for poor credit in the uk?
I have a poor credit history due to my past, I am now in a great Job and have been paying debts back regularly. I need an unsecured loan of 500 upwards has anyone had any experience getting a loan from any lenders they can suggest? (Please no stupid or smartass answers, I know I have bad credit for a reason.) No Guarantor loans. All help appriciated"

Chapter 7 bankruptcy?
I filed chapter 7 bankruptcy in november of 2006 and it was discharged in feb 2007. What is the best way to re-establish my credit?

Repayment of loan from a business partner after April 5th?
Repayment of loan from a business partner after April 5th?

Can you UNconsolidate student loans?
@Toni I cant afford an EXTRA $300.00 a month. I have a house now and have no problem paying mortgage and insurance, but I also have a child to support and my paycheck from my FT job covers the bills I already have, not the EXTRA 300.00 for students loans
Credit score of 737? I want to buy a used car?
oh man i meant $25 a week!!…and my min payment IS $5 the balance is $817

Repayment of loan from a business partner after April 5th?
Repayment of loan from a business partner after April 5th?

Poker phrase… Juice is running?
I just saw the movie Rounders for the first time and in that movie they say the juice is running or the juice is still running. I have heard that before but what does it mean exactly?

Is the tax return for a single parent student the same as a non-working single parent?
Last year I was on welfare and i got somthing like a 75$ tax return and 600 or somthing for GST. This year I am on student loan and about 19,000$ in debt with no income. Would my return be higher? lesser? or same? I only have 1 child, 15mo."

I need a loan shark in essex?
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What are the chances of being approved for a USDA home loan…?
My husband has recently started receiving disability payments as a result of a degenerative disease that went from something little to something debilitating seemingly overnight.We had to uproot our kids and move in with my parents . We didn’t prepare for this properly (he was 28) and it has destroyed us financially. We have been working with someone concerning USDA and were told that if we paid everything off of our credit report we should be ok. We are a loan because there are no rental options here and no other options for 35 miles, We are trying to keep our kids in this school among other reasons. They ran our credit before we paid several things off (all clear now) and we were given a letter that said it doesn’t look good. We can’t pre-qualify, but if you show you are making an effort and would like to continue further it is still possible. We have paid everything off of our credit, we have written a letter explaining our situation, we have picked out a home that would take about 25% of our income- not only that, my mother said we can not stay beyond the 1st of Oct. We have talked to the owners of the home and they are willing to rent it to us for a short period if we are on the road to getting the home. Is anyone educated on this? I’m very nervous. We put in a check for them to run our credit fr approval and it will show all debts recently paid…"

Repayment of loan from a business partner after April 5th?
Repayment of loan from a business partner after April 5th?

Is American Express a good choice for a credit card?
I received an application for AmEx, and it states that one can now utilize a revolving charge account. I thought that was only Visa/Mastercard. I looked everywhere thru the information and nowhere found a credit limit, as all Visa and Mastercard do. Anyone know about this?"

How can I increase my credit score?
I am twenty-two years old and my FICO score from Experian was a 738 four or five months ago. I have: 1. a close to $75,000 mortgage with an initial balance of $83,000 2. four credit cards with a total limit of close to $55,000 (only one of which has a balance [$8,000 on it but at 0% that I will pay off before any interest accrues]) 3. about $21,000 in student loans that are not yet in repayment (I am finishing college soon) 4. no auto loan payments (paid cash for my wife’s car and mine) I am trying to increase my credit score so I can get the very BEST rate on a HELOC (home equity line of credit) so I can begin my real estate career! Hopefully, I can find something lower than prime – 1.00% because I have already been offered that."

Accounting help please?
e. The adjusted 2009 ending balances of the Extermination Services Revenue and Unearned Services Revenue accounts. f. The adjusted 2009 ending balances of the accounts for Warranty Expense and Estimated Warranty Liability. g. The adjusted 2009 ending balances of the accounts for Interest Expense and Interest Payable. (Round amounts to nearest whole dollar.)"

What happens when the bank you have your auto loan through gets bought out?
My auto loan is through Wachovia and i just read they are going to be bought out by Citigroup. What happens now?

Vehicles owned and bankruptcy?
do you have to list all of your vehicles in a bankruptcy filing in p.a.?

How does risk affect interest rates?
Btw I am not talking about credit. I am talking about in general I am taking finance 101 so I am talking about the basics.

Can I get an auto loan with my credit/income/job/housing profile and credit score of 561?
New Car: $25,000.00 Down payment: 12,500.00 (50%) 48 month term On Job 13 years, own home 11 years Credit score of 561 (due to mess 5-6 year ago) Income: 5600.00/month + annual bonus $70,000.00 last two years Mortgage: $2100.00/month Other credit: $500.00/month If I can get an auto loan with this profile, WHAT WOULD BE THE LIKELY RATE?"

How likely are mortgage companies willing to change due dates or payment dates?
I have 4 bills due on the 1st of the month which is a real pain since I get paid on the 30th or 31st which is last day of the month. This means my 4 bills are due the next day. I would like to see if these companies will allow me to push my due dates back about 2 or 3 days to give me enough time to actually sit down and make the payment. Luckily for me I use online payments or this would be an even larger issue if I were to have to mail a check in. Money is a bit tight right now so I am pretty much living paycheck to paycheck so I dont have the opportunity right now to pay them in advance, I have to wait until my check comes in before I can make my payment. One of the payments due is my mortgage and they dont tend to fart around with things like this, so I am wonder if anyone knows if National City Mortgage will in fact move my due date back 2 or 3 days. GE Online Service are the other two and Nationwide Insurance is the last one that all need to be moved. Think it can be done?"

Can anyone tell me how much it costs to file chapter 7 bankruptcy in the state of ohio?
Yeah after lawyers fees it costs about 500 dollars…thanks much..not
What is a Credit Score?
Okay, Im 17, never taken a loan or had a credit card, so I assume that I have no credit. If I have no credit, what does that mean if I want to get a loan for school or a car when I turn 18? Do I need to worry? And what is a credit score anyways?
ANSWER: For Credit and finance solutions I recommend this website where you can find all the solutions. http://INSURANCEANDFINANCETIPS.INFO/index.html?src=WP2ceirangdenoso