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based on information in your credit report, compared to information on tens of millions of other people. The resulting number is a highly accurate prediction of how likely you are to pay your bills.
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∙ 11y ago
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What companies provide the service of cleaning a credit score?
Some of the top companies that provide cleaning or improving a credit score include: Identity Guard, Privacy Guard, Free Score 360, Credit Report, and Free Credit Score.
How can you figure your credit score?
The true formula for a credit score is a highly guarded secret. Therefore, you can't figure it; you have to pay someone to tell you what it is.
Is a credit report the same as a credit score?
A credit report tracks your credit reliability based on your history of making payments on your loans and other debts. A credit score is a numeric value based on a weighted formula and your credit history. To find out more on both your credit report and credit score go to http://cashmoneylife.com/credit-score-credit-report-difference/
Does checking your credit score often lower your credit score?
No. The only thing that can lower your score is when you apply for new credit. Many companies do background checks that include a credit report, but this will not lower your score. There are ways to avoid lowering your score on accident. Make sure you're not falling into these credit traps.
Which credit score is used by lenders most frequently?
Mortgage companies use your FICO score, Credit card companies use you Advantage Score which is a different scoring formula from FICO
Where can you get a free credit report score?
One can get a free credit report score from 'Experian' Other sites that offer free credit report scores include 'Credit Karma', 'my FICO' and 'Free Credit Report'.
Does the amount of a debt affect your credit score?
Absolutely. Your credit score is based on the amount of money you owe, have owed or are in arrears. There is a formula used to compare your income to debt ratio. The higher the debt compared to your income, the lower your credit score.
Where can a person check their credit score online?
There are many sites one can use to check their credit score online. FreeCreditScore will check a credit score for free, and they are known as a reliable service. FreeCreditReport also is a reliable source to check your credit score. Some other sites include Credit, FreeCreditCheck, and MyFICO.
What is the maximum credit score one can obtain?
According to the FICO the highest possible credit score you can obtain is 850, but if you use another credit scoring formula Vantage Score the credit rating can go all the way up to 990. FICO is the mostly widely used
How can one calculate a Personal Credit Score?
One can calculate a Personal Credit Score using Credit Score Calculators found from various sources. These sources include: Trans Union, My Fico, Bank Rate, and other sources.
What companies offer a my free credit score report?
Several companies offer a free credit score report. These companies include Free Credit Store, Annual Credit Report, Consumer FTC Gov, and Credit Karma.
What does the Clear Credit Corporation do?
The Clear Credit Corporation is a company that helps people improve their credit and maintain a good credit rating. The services they offer include the following: credit score optimization, credit restoration, debt settlement, and credit score consulting.
