Tuesday, February 23, 2010

If someone buy house in cash can increase the credit score?

You can use this credit monitoring service to pre-estimate future scores for different scenarios of such payments - buildcredit.ifastnet.comIf someone buy house in cash can increase the credit score?
Probably not. The value of your credit score is generally proprietary meaning no one really understands it fully. Certainly paying your debts on time and keeping a healthy debt to income ratio is good and no credit at all is bad but the details are harder to discern.





Get a credit monitoring service to monitor your score and you can tweak it based on that.





I would say that buying things on an Amex every month and paying that bill off every month would go to establishing better credit than buying a house.





BTW - if you can pay for a house in cash - what do you really need credit for?If someone buy house in cash can increase the credit score?
Probably not, unless the person was given a loan but they didn't take the money (in other words, they increased their available credit, but they didn't use it).

No comments:

Post a Comment