Life My credit score - Page 3

Time's Yours · 06-11-2009, 09:58 AM

Paying the note on time raises the score. I don't think paying it off completely helps your score, but it helps your income to debt ratio, which in turn helps you get a loan b/c banks consider that along with your score.

Mosbonian · 06-11-2009, 05:30 PM

Here are a couple of links for those who have som questions..

FCRA (Fair Credit Reporting Act)

http://en.wikipedia.org/wiki/Fair_Credit_Reporting_Act

FDCPA (Fair Debt Collections Practices Act)

http://en.wikipedia.org/wiki/Fair_De..._Practices_Act

These are the Wiki links....I was going to post the Government links but they are too long and boring to read.

Here is an FTC link that is FAQ

http://www.ftc.gov/bcp/edu/pubs/cons...edit/cre18.pdf

mmaddog
*******

06-11-2009, 09:58 AM	#1
Time's Yours Starter Join Date: Dec 2006 Casino cash: $7127317	Paying the note on time raises the score. I don't think paying it off completely helps your score, but it helps your income to debt ratio, which in turn helps you get a loan b/c banks consider that along with your score.
Posts: 510

06-11-2009, 05:30 PM	#2
Mosbonian On Hiatus Join Date: Aug 2000 Casino cash: $-1370300	Here are a couple of links for those who have som questions.. FCRA (Fair Credit Reporting Act) http://en.wikipedia.org/wiki/Fair_Credit_Reporting_Act FDCPA (Fair Debt Collections Practices Act) http://en.wikipedia.org/wiki/Fair_De..._Practices_Act These are the Wiki links....I was going to post the Government links but they are too long and boring to read. Here is an FTC link that is FAQ http://www.ftc.gov/bcp/edu/pubs/cons...edit/cre18.pdf mmaddog *******
Posts: 12,432