A World of Different Scores

Lenders, insurance companies, utility and telco providers check credit scores and use them as guidelines for making business decisions. Companies select the scoring models that best support  their particular type of business decision. Each model utilizes the data from...

Knowing Your Score

There is a lot of buzz about knowing your credit score.  That buzz can be misleading because there is no one credit score for each person. There are many different credit scoring models that co-exist in the marketplace including generic scores, proprietary lender...

What a Score Really Means

While all the models look at an individuals credit history and generate different numbers, or scores, the one thing they have in common is the goal of determining risk. Lenders and other institutions use the scores to put individuals into risk ranges based on the...

What Goes Into a Score

While each model is unique in the way it weighs and balances different aspects of an individual’s credit history, all models work with the same data. Payment history looks at whether payments are made on time and in the full amount required.  Once a payment is...

Calculating Your Score

It is impossible to know the exact credit score a business uses without obtaining it directly from that business.  Additionally, scores fluctuate based on the activity in your credit file and can vary from day to day. While the number can change daily, the risk level...

How to Improve Your Score

To learn what affects your personal scores, get a list of the risk factor statements for the score you received. Those factors are provided with most credit scores you purchase. The risk factors describe what had the most negative impact on your credit score. By...