Posts Tagged "risk factors"

Why a credit score by itself is meaningless

Dear Experian,

I have a credit report and a score of 785. So what? I haven’t been able to ascertain what the “grading scale” is. Any help?


Limited credit history could be preventing mortgage qualification

Dear Experian,

I am trying to buy a house, and my credit score just needs to go up by one point. The only credit I have is a credit card with a $900 balance and $1,500 limit. If I pay it down to $500 would this raise my score?