A credit score is a numerical expression based on a statistical analysis of a person's credit files, to represent the creditworthiness of that person. A credit score is primarily based on credit report information, typically sourced from credit bureaus.

Lenders, such as banks and credit card companies, use credit scores to evaluate the potential risk posed by lending money to consumers and to mitigate losses due to bad debt. Lenders use credit scores to determine who qualifies for a loan, at what interest rate, and what credit limits. Lenders also use credit scores to determine which customers are likely to bring in the most revenue. The use of credit or identity scoring prior to authorizing access or granting credit is an implementation of a trusted system.

Credit scoring is not limited to banks. Other organizations, such as mobile phone companies, insurance companies, employers, landlords, and government departments employ the same techniques. Credit scoring also has a lot of overlap with data mining, which uses many similar techniques.

FICO is a publicly-traded corporation (under the ticker symbol FICO) that created the best-known and most widely used credit score model in the United States. Here is a percentage breakdown of a FICO score: •35% - Payment History •30% - Debt Ratio •15% - Length of Credit History •10% - Types of Credit •10% - Number of Credit Inquiries

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Fri Sep 3 06:18:02 2010

How can you raise you credit score even when you pay on time?
Q. Ok, past credit messed me up. I have a judgement thats almost paid off. I am trying to raise my credit score.I have 3 new accounts that I've paid on time for over 1 year. I read that one way to raise your score is to " piggy back" on a relatives good credit ( have them add me to one of their good accounts and not use it) Is this safe, is it legal. I would love to hear constructive ways to increase my credit score. Please don't judge me. Almost all of my " bad" credit accounts have been paid off. I put my sons first when the divorce came. They lived in the house that I paid for while I lived in a basement.
Asked by amhjp1820 - Fri Nov 10 16:57:14 2006 - - 7 Answers - 1 Comments

A. Here are a couple of things you can do to raise your credit score quickly. 1) Have a relative with great credit add you to their credit card account. This can raise your score over 100 points instantly, and has not risk to them! Even though your relative can add your name to their credit card account, they don't have risk if they don't give you a credit card. 2) Use your credit cards for monthly purchase, then pay balance down to zero every month. If you have the cash, this is a very quick way to raise your credit score. Remember, creditors cannot "see" your income from the credit report, but they can tell you have financial strength when you pay down your card balances every month. This technique can raise your credit score up to 80… [cont.]
Answered by TheBestEver - Sun Nov 12 21:45:26 2006

what kiind of credit score would be needed to purchase a home that is 135k?
Q. Thinking about buying my first home and have no clue as to what the credit score I should have to get a home. Im trying to build up my credit but would like to know what score to shoot for.
Asked by 1flybowtieplayboi - Tue Mar 2 17:29:37 2010 - - 3 Answers - 0 Comments

A. credit-report-free.totalh .com - try this service to boost you credit score before getting loan. After credit repair you can get the loan with minimal interest rate.
Answered by William - Wed Mar 3 08:35:06 2010

What will happen to my credit score if my wife gets into trouble with a credit account?
Q. My wife has no income or credit history. She received a credit card application in the mail. The application does not require me to put in any of my personal information but it does ask to state household income. If she gets into trouble with her card, will it affect my credit or will the damage be limited to her credit score?
Asked by antoniusb - Sun May 17 09:21:24 2009 - - 2 Answers - 0 Comments

A. Well this will not directly affect your credit if you're name is not on the account, but if she falls behind on a credit card of her own, will that not impact the family's finances? If she has to eventually make good on bad debt she has built up wouldn't that eventually have to come out of your pocket which would help mess up your credit? I'm not sure what you're trying to ask or to do here. I will say this though. If you're contemplating getting a credit card with just her name on it and letting it go down the tubes in the hope of not having to pay it back because your name is not on it, your scheme reeks of fraud and could lead not only to having to pay it back but to jail time.
Answered by David M - Sun May 17 09:35:51 2009

From Yahoo Answer Search: "Credit score"
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Fri Nov 6 18:18:53 2009

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Now's the time to turn over a new financial leaf - Minneapolis Star Tribune
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Minneapolis Star Tribune ... back with writing a will, deciding what to do with money saved through a mortgage refinance, finding a credit union and learning their credit score . ...
Experian Helps Provide Greater Awareness and Protection for Small-Business ... - PR Newswire (press release)
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Credit Score With a Personal Loan - Warwick Beacon
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With a Personal Loan Warwick Beacon Assuming you have already taken on a debt consolidation plan and finished it with success as well, you can still go on increasing your credit score by ... When not to apply for debt consolidation loans Helium

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Really, What Is a Credit Score ? | RISMedia
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Really, What Is a Credit Score ? | RISMedia

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RISMEDIA, August 16, 2010 If you ask your neighbor, your friends or your banker what a . credit score. is, you're likely to get all kinds of answers. Which one.

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 basics
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Mon, 31 Aug 2009 13:49:25 PDT

Jeremy Simon, staff reporter with CreditCards.com​, explains the ins and outs of credit scores and credit reports. For more information, visit www ... youtube.com.

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"Unfortuna​tely in America the theme of divorce is quite common when it comes to the world of financial affairs, the item of child support ... ehow.co.uk.

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With 25% of American adults now having a credit score below 600, it has never been more important to know what your credit profile looks like ... mortgagemesseng​er.net.

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