Your credit score is calculated based on the information in your credit report. Credit scores allow lenders to quickly make on-the-spot credit decisions based on a 3-digit number that sums up your credit worthiness. There are many credit scoring models in use today; all are designed to rate your likelihood to repay your debts. When you order your credit score, you will also receive an analysis of the factors affecting your score.
Your credit report is a snapshot of your credit at a particular moment in time. However, in reality that information is flowing in and out of your credit report all the time. Credit applications, home and auto loans, payments, an address change or even an inquiry from a prospective creditor all show up on your credit report - and affect your credit score.
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Credit history is the main determining factor of credit nowadays, but there are potential problems that can work against consumers. Since some credit reports can contain inaccuracies serious enough to cause consumers to be denied credit, a loan or even a job, keeping abreast of changes to your credit file is vitally important.
credentials credit report
Credentials Credit Report Copyright 2009 - 2011
Credentials Credit Report
Credentials credit report Knowing more about our credit scores and the factors affecting them may help us build a positive credit history. But first, let's look at how they are maintained by the various credit reporting agencies. Credentials credit report The Term Credit Score was not a house hold word used in our every day lives just a few short years ago. Although some people understood the phrase and its purpose the mainstream of folks had no reason to understand what their credit score was and how it affected their chances of obtaining a low interest rate loan. Credentials credit report Good credit is imperative nowadays. However, do you know exactly what goes into your credit score or even what a good credit rating is? There are several companies that calculate credit ratings with the FICO methodology.