Layton asked:


My current credit score is 745 and I’ve built it solely by using credit cards and paying on time (but never had any loans). Somebody told me that the abscence of installement-paid loan will prevent my score from climbing much higher. Is it true? Should I take some consumer loan to boost my credit score since I am planning to apply for a mortgage in the near future?

Hector

sfoozy asked:


The US stock market is experiencing a mild sell-off in the the recent weeks (August 2007). People keep talking abotu credit worries that lending companies and maybe even banks may be facing. What exactly is this worry/problem in the credit market, and how serious is it? What is the worst that can happen in the credit market fails? Where is this lack of liquidity (cash) coming from? Thanks.

Hazel

Kathy N asked:


My company is closing here in California next May and I will be relocating to Austin in either mid-Aprl or May 1st of next year. I have been with my company for 23 years and am looking for a 4-6 month rental until I purchase a home. My current credit score is fair-good due in part to a divorce a couple of years back. As I have never rented an apartment before, always a home, I am not familiar with the credit requirements, I have heard they are very stringent. If I would not qualify, any advice you might have to offer would be greatly appreciated.

Maurice

DodgeLuvr asked:


My understanding is that the bureaus get it from applications you fill out for credit. What if you haven’t applied for any credit for a few years? How do they keep this information current?

Grace