Saturday, June 19, 2010

Lowest Credit Score......?

whats the lowest credit score u can have b4 Capital One offers you a credit card...... what do u think is the lowest??!!



Lowest Credit Score......?payment calculator





Orchard Bank is the best issuer of bad credit cards we%26#039;ve researched.



Beware of Capital One and American Express.



Both use a point-stealing strategy when reporting your account to the credit reporting agencies, i.e. Equifax, Experian and TransUnion.



For instance, let%26#039;s say you have a $1,000 credit limit and you charge $300. Instead of reporting your $1,000 credit limit and a balance of $300, Cap One will report your $300 as your credit limit



On your report, you have %26quot;maxed out%26quot; your credit limit....100% debt to credit limit.



30% of your FICO derives from %26quot;amounts owed.%26quot; Be aware of this unfortunate strategy.



What%26#039;s in your wallet is a point-stealing card. Unless you%26#039;re a 720+ FICO person, you need all the points you can get.



At www.fixmyuglycredit.com, we offer free credit repair, blowing the lid off these common %26quot;secrets%26quot; not widely publicized.



Hope this helps.



Mike



Lowest Credit Score......?

loan



about 600

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