Credit report agencies Houston

And even if they don't review the individual line items in my credit reports, this positive trend will show up in my credit score. In fact, your payment history affects your FICO credit score more than any other single factor.

For example, my Equifax report said my payment history was very good.

Some of my other categories were labeled as above average. But when I checked my Equifax credit score, I found that it was in the excellent category. It was close to 800, which is an excellent credit score by any measurement. I credit report agencies Houston just want you to know how important your payment history is when it comes to your FICO score. I was rated as above average in other categories, but my credit report agencies Houston payment history got a higher rating of very good. This lifted me up to the excellent credit-score range. official free credit report website

This credit report agencies Houston is a big deal when applying for a mortgage loan.

Having good credit will increase your chances of getting approved for the mortgage, and it will also help you secure a lower interest rate. So not only do you credit report agencies Houston get the loan, but credit report agencies Houston you also save money by paying less interest on it. She checked all three of her reports as well, and she came across a negative item that appeared on all of them.

We were surprised by this, because we are pretty anal about paying our bills on time. free credit report website

We examined the report and found out that Capital One had reported her as being late on some credit card payments. She started off with a slew of colorful phrases that I cannot repeat here.

When she was done with that, she reminded me of a problem she had with Capital One in the past. Long story short, she had called to close an account, and they tried to stick her with some interest charges after she'd closed the account. She did the diligent thing by getting her current balance so she could close the account properly. But then a couple of weeks later, she logged credit report agencies Houston into her account to make sure it was closed and found that there were various interest charges and penalty charges. This is a game credit card companies used to play when their customers would try to close an account. freecredit I think the Credit CARD Act has since made this type of thing illegal, but don't quote me on that. As a result of this one negative item, my wife's credit scores were lower than mine. Late payments and missed payments can really hurt your scores. Granted, this was the only negative entry on a long credit history, so it didn't cause a lot of damage. But it still bumped her from the very good category down to the above average category. And that kind of thing can result in a lower interest rate on the mortgage loan.