For the first time ever I checked my credit score. Am I missing something here? My guess is if there is no record of you paying a mortage then they assume you rent. I see nothing about whether you own your home outright.
I have what is only considered a fair credit score. And that is only based on the balance of the one credit card I have & car payment. Utilities I always pay on the first of the month. Credit card & car payment are with the same credit union so I called & ask them about my credit score & was told they don't set the credit score only report balances & monthly payments. Credit union thinks more of me then the credit score companies. Last March when I decided it was time to get another vehicle I called & ask for a check good for up to $8,000 for a used vehicle but they said they would make it for $12,000 to give me more leway in shopping & interest rate would be 2.99%. And that doesn't jive with my credit score.
But I do know that no matter what, I will only deal with the credit union for any type of loan.
Reason I even checked my credit score was the thinking of maybe getting a used RV come about June.
I have what is only considered a fair credit score. And that is only based on the balance of the one credit card I have & car payment. Utilities I always pay on the first of the month. Credit card & car payment are with the same credit union so I called & ask them about my credit score & was told they don't set the credit score only report balances & monthly payments. Credit union thinks more of me then the credit score companies. Last March when I decided it was time to get another vehicle I called & ask for a check good for up to $8,000 for a used vehicle but they said they would make it for $12,000 to give me more leway in shopping & interest rate would be 2.99%. And that doesn't jive with my credit score.
But I do know that no matter what, I will only deal with the credit union for any type of loan.
Reason I even checked my credit score was the thinking of maybe getting a used RV come about June.