Anatomy of a Credit Score

By | 2017-04-13T15:42:13+00:00 April 13th, 2017|Categories: Credit, Financing|

As we’ve mentioned, the exact math equation that creates a credit score is unknown, but we do know that it is based on the information in your credit report, which is then compared to millions of other people’s information. THE FICO RANGES: 760-900   Best 700-759 660-699 620-659 580-619 300-579   Worst The median FICO score is 720 [...]

How to understand your credit score?

By | 2017-04-13T15:08:00+00:00 April 13th, 2017|Categories: Credit, Financing|

A credit score is a three-digit number based on the information in your credit report. Credit bureaus don’t release the exact math behind this number, but what we do know is that your credit score increases when you can demonstrate that you use credit responsibly (paying bills on time) and that your credit score decreases when [...]

What is a credit report?

By | 2017-04-13T15:14:17+00:00 July 31st, 2012|Categories: Credit, Financing|Tags: |

A credit report is a summary of your credit history. This is basically a list of all of the ways that you’ve used or applied for credit and information about your behavior with that credit. Your credit report begins the first time you borrow money or apply for credit. This could be applying for a credit [...]