Comments on: Review: Your Credit Score

By: deRuiter

deRuiter — Tue, 20 Dec 2011 07:10:45 +0000

Another thing insurance companies look at is how many claims you have put in for payment. This means if you have a claim that is only a few hundred dollars more than your deductible, you are better off paying the extra yourself and not turning in a claim for insurance. When you make claims, your rate goes up. It’s also important to re shop for insurance every couple of years or oftener. Just because you’ve been with one company for homeowners since 1986 and never put in a claim, doesn’t mean you are getting the best rate although you should be. Shop around and often a new company will give you a better rate because you have a fine track record of not making nuisance claims. Also do what you can to reduce rates. With rental housing, the person doing the inspection will make a positive note if you do not allow tenants to keep dogs. They know that dog bite is one common, expensive claim they will not have to defend, so they will score your property higher positively, your rate will not go up, same with building hazzards, neat clean property vs ill kempt and cluttered with junk. To keep your identity from being stolen, have a credit freeze put on all three accounts at the credit reporting agencies and no one will be able to steal your identity. Just don’t lose the passwords! This is cheap, fool proof, and secure.

By: SLCCOM

SLCCOM — Mon, 19 Dec 2011 21:37:13 +0000

Credit scores are NOT a reliable indication of how good a potential employee will be, particularly in this economy.

By: Johanna

Johanna — Mon, 19 Dec 2011 02:30:13 +0000

“So, if you have a $2,000 debt on a card with a $2,500 limit and another card with $0 debt with a $2,500 limit, you’re utilizing 40% of your credit limit. Not bad.”

Is this an example that Weston uses, or is it one of your own invention? I’d always heard that you want to keep your debt-to-credit ratio below 30%, maximum. 40% is better than 80%, but calling it “not bad” may be misleading.

By: Valleycat1

Valleycat1 — Sun, 18 Dec 2011 20:17:13 +0000

Add: pay your bills on time is the minimum rule. But be aware that paying early ( as the bills arrive) instead of near the due date, is even better. Some companies will list you as a slow payer if you routinely wait for the due date and that dings your score.