The usual credit scoring method begins with 300 and would end in 850. Now, why the 550 is recognized as a variable level? Who knows(and who cares, actually)? What you need to know as well as care about can be your credit score and how to obtain the best credit score possible.
When some people are applying for loans or credit cards, they feel puzzled about the unexpected rejection from lending companies, such as banks. They don’t know why they are turned down. In fact, most lending institutions will have a look at your credit score before they make the decision of lending. By doing so, they […]
The standard credit scoring formula begins in 300 and does end with 850. Why any 550 point adjustable? Who cares about or for it? What folks cares about is the credit score alone, and not a thing more absolutely nothing less!
If you looked at the amount of money lenders make in interest from loans and credit cards, you’d be hard-pressed to think of anything that could rival it for putting money in the pockets of the lenders. That is, until you compare PPI insurance with it. Years ago lenders realised that the real money and profitability doesn’t come from loans or credit cards at all, but from selling insurance alongside them, or in recent years, mis selling PPI insurance.
What is debt elimination? Many people around the country are wondering the same thing. Some have said that it is unethical and wrong. Others are convinced that it is the only way to get rid of unmanageable debt in a reasonable amount of time. What is the truth about debt elimination?