Anyone who has ever followed the USA advertising television or radio regarding the financing of cars or other items will always come across the small clause "Qualified Customers only" or a similar clause. However, the banks expect a higher risk with a lower number and will of course let you pay for it. Surely you dont have to be at the top end of the 900 points to get a credit. The more points you have, the more creditworthy you are. WHAT IS A CREDIT SCORE? The credit score is a number that can range from 375 points to 900 points. Social Security Number as an ordinal number Number of requests to the credit bureaus How often and when a payment to the creditor was delayed Deleted credit lines with details of who cancelled the credit Information on current credit lines and the resulting monthly charge
employment information, where, how much, what was earned At the same time, this figure is often a basic prerequisite for a particular credit offer. Using a special formula, which each office has developed differently, a number is calculated that allows a comparison with other people. Information is given about how creditworthy the person is. These bureaus meticulously record every "movement" of the client and constantly determine an up-to-date credit score.ĭEFINITION When you look at a persons credit history, you look at their financial history. The main credit bureaus (credit agencies) in the USA are Experian, Equifax and Trans Union. Even insurance companies are increasingly checking whether the applicant belongs to the desired clientele or not. This data is collected by various credit agencies, which are constantly gathering the latest information. Always the data of the applicant is used to ensure that you do not take too much risk. And with credit does not necessarily mean money lending! No matter if it is the car insurance, the telephone connection or the new house.
Christian Schimanski, an expert in this field, who our readers can also contact at the e-mail address many years it has been common practice in the USA to obtain data on new customers before granting even the smallest amount of credit. But how do you get a credit history and what is it good for? Even if you do not want to take out a loan, sooner or later you will need a credit history report. In the USA there is no getting around the topic of "credit history".
0 kommentar(er)
