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Expert Tips from How to Build Credits

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Home›blog›How to Explain is 816 a good credit score to a Five-Year-Old

How to Explain is 816 a good credit score to a Five-Year-Old

By Yash
June 7, 2021
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Credit scores are important for most people. They’re a way to determine whether or not a person has good credit – a score that is good enough that they’re able to get a mortgage, get some consumer credit cards, and even apply for a new car.

I think the more we know about credit scores the better our chances of getting a great credit score. However, if you are in the market for a new credit card, a loan, or even a credit card, I can’t stress enough the importance of knowing your credit score.

While I agree that knowing your credit score is important, the more important thing is knowing how good your score is. In fact, knowing your score is one of the first things you should know to get a great credit score. Our research has found that knowing your score is about as important as knowing your gender and age.

Your credit score is one of the three major ranking factors in Google. So if you want your website’s pages to rank high in search, you will almost certainly need links. Google (and other search engines) look at links from other sites as “votes.” These votes help them identify which page on a given topic (out of thousands of similar ones) deserves to be ranking at the very top of the search results.

You can’t just assume that your credit score will always be perfect. As we found out the hard way, a few years ago we used credit scores to get a little more information on the size of your home. We found out that in some sub-states, in some areas, people could get their credit score lowered by as much as 15%. So we had to figure out how to get our credit scores in those areas lowered.

Turns out, we can’t just go to the bank and get our credit scores lowered. We can’t just go to any number of lenders. We have to set up a credit card program. We can’t just go to a bank and get our credit scores lowered. That’s because there isn’t any sort of credit card program, so we are limited to the banks themselves.

Credit card programs are a little bit like those weird credit scoring programs you can find on the Internet. You can sign up for a card, and if you make certain use of certain transactions, your score will go up and your chances of getting a loan or getting a credit card will go up.

The reason banks don’t allow credit card programs is to prevent fraud. If you were to apply for a credit card and it turns out you had an outstanding balance, you would have to go to the bank, say to have your original credit card canceled, and pay the balance off. It’s not the sort of thing that a bank should want to deal with every day.

816.com is a credit card program that lets you use it for purchases of $1000 or more without a co-signer (a credit card from another bank).

How does this program work? Well, you can use your points for purchases, but you can also use your cash to pay the points back. Basically, you can put all that cash in the bank account and then pay your credit card in installments. You can use that cash to buy things that you don’t need (like a laptop) or you can use it to pay off your credit card.

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