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What is the Lowest Credit Score?

CreditStrong for Business

FICO, the model used by the majority of lenders, generates credit scores using the FICO® Score 8 version with a range beginning at 300 up to an 850 maximum score. However, certain industry-specific FICO credit score versions use a 250 to 900 range. Given that, 300 is often the lowest credit score.

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How Long Does Bankruptcy Stay On Your Credit Report?

CreditStrong for Business

The trade-off for having your debt eliminated is a long-lasting derogatory mark on your credit report identifying you as a huge credit risk. Your credit report sees the effects of a bankruptcy filing for ten years for a chapter 7 bankruptcy. How Does A Bankruptcy Impact Your Credit Score?

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How to Fix My Credit to Buy a House

CreditStrong for Business

Prospective homebuyers seeking a mortgage loan may use several strategies for improving low credit scores. Examples include reviewing credit bureau reports for possible credit account errors, avoiding late payments, paying down debt, and getting a credit builder loan.

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Online Credit Reports & How They Are Tracking Everything You Do

Due

Often referred to as credit reporting agencies, these companies work independently. Credit Reports vs. Credit Scores. Your credit scores are also influenced by your credit reports. The reason for this is that credit scores are calculated using information from your credit report.

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Derogatory Public Record or Collection Filed? Here’s What It Means For Your Business

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Unfortunately, derogatory marks cause your credit scores to drop and alert future creditors that you present a higher credit risk. If you have derogatory marks on any of your business credit reports, you can begin working to improve your credit history right away. What is a derogatory public record ?