Author: Windows User

Credit Score

Equifax is the number one credit score agencies
Experian is the second most popular
TransUnion is the third most popular

A credit score is a three digit number calculated from your data-rich credit report and is one factor used by lenders to determine your creditworthiness for a mortgage, loan or credit card.

Excellent Credit: 750+
Good Credit: 700-749
Credit: 600-649
Bad Credit: below 600

Many factors influence your score, with the two most important being how you pay your debts and how much debt you owe. For example, late payments on loans, a past bankruptcy, debt collections or a court judgment ordering you to pay money as a result of a lawsuit will negatively affect your credit score.

Pay your bills on time. Delinquent payments and collections can have a major negative impact on a credit score.
Keep balances low on credit cards and other "revolving credit." ...
Apply for and open new credit accounts only as needed. ...
Pay off debt rather than moving it around.