Jun 7 6:40:24 AMHow can I build credit?Building credit involves demonstrating responsible borrowing and repayment habits. Here are several strategies to help you build and maintain good credit:
Jun 7 6:40:21 AMDoes the score include income in its calculation?No, your credit score does not include your income in its calculation. Credit scores are derived from the information in your credit report, which includes:
Jun 7 6:40:19 AMWhat is a score ingredient?Context not relevant
Jun 7 6:40:16 AMWhat's the minimum score needed for a conventional loan?The minimum credit score needed for a conventional loan typically ranges from 620 to 640. However, this can vary depending on the lender and other factors such as your debt-to-income ratio, down payment amount, and overall financial situation. It's always best to check with individual lenders for their specific requirements.
Jun 7 6:40:14 AMWill my credit score change much over time?Yes, your credit score can change over time due to various factors. Here are some key aspects that can influence the fluctuations in your credit score:
Jun 7 6:40:12 AMWhat's my credit report?Your credit report is a detailed record of your credit history prepared by a credit bureau. It includes information about your borrowing and repayment activities and is used by lenders, landlords, and other entities to assess your creditworthiness. Here's what typically appears on a credit report: