Your Credit Score And How You Can Raise It
What is a credit score?
Your credit score is a numerical rating that is based on relevant factors measured by a borrower’s willingness to repay loans. The credit score is calculated from the information that is in your credit profile which is a record of your credit activities. The score predicts your credit performance, the higher the score, the better risk you are.
The FICO score is the most frequently used credit scoring system that has been developed. You may obtain your score from any or all three reporting agencies or by . It is better to monitor all three to make sure your credit score is accurate. Equifax (800) 685-1111 Experian (888) 397-3742) Trans Union (800) 916-8800
Since a credit score is from credit history, there must be at least a 6 month history to get an accurate score. You must have at least on account that has been open for at least 6 months and has activity in those six months.
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