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Understanding Your Credit Score

 

A large part of developing a strategy toward better credit is informing yourself.  Credit Law Services aims to remove some of the mystery around credit to better equip you in your quest to boost your credit score.  Specifically, this article will give you insight into the basic principles involved to boost your credit score.

Understanding how the major credit repositories determine your credit score, and how your credit behaviours affect this score will help you  make the necessary adjustments to improve your credit score.

Each of the three major credit companies  have slightly different scoring ranges:  Equifax has credit scores that range from a lowest possible score of 300 and a highest possible score of 850; Experian has a range of 340-820; and TransUnion has 150-934. The models used by each company may vary, and may even change, yielding somewhat varied results from one lender to another.

 

 

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