Repair Credit Score

Posts Tagged ‘experian’

Question: Is 752 a good or bad Credit Score?

It says the range is 350-990. Im at a grade 'C". Im a medium-low risk. People keep saying the range is to 800 but I did my Vantage score through Experian. So it seems like Im just in the middle? The last time I got a credit check with my landlord, she said my score was very good which was around 700 too.

Answer: 752 is a good score and you could get a decent rate on a mortgage. The higher your score the lower interest rate you can get on credit cards and loans. 800 and above can take years to get, your credit has to be perfect, and your debt has to be minimal.

What Is A Good Experian Credit Score? Is 720, 740, 760, 800 Good Credit Score?

Question: What are the best web sites to check your Credit Score? What does TransUnion, Equifax and Experian mean?

I want to know why do you need to check all three credit breauers?

Answer: You are entitled by law to one copy of your Credit Report from each of the three credit reporting agencies every 12 months. To get them, go to: www.annualcreditreport.com
Not all banks, lenders, etc. report to all of the agencies when you have an account, and many of them only check one agency when you are applying for a loan. Checking all three just covers all of your bases. I do it once a year.

How to get your free personal Credit Report

Question: Why is there such a variance in credit scores from the 3 credit bureaus???

I know that the credit bureaus have diffrent scoring systems but why is there such a diffrence betwwen the three.....Transunion is usally my highest at 645...Experian at 630.....Equifax at 592....my Equifax Credit Score has stayed put for some time now while the others keep going up---- does anyone know why and how can I get my Equifax in the 600 range...

Answer: Your Equifax score is the only one that really counts. That's a FICO Score which is what creditors use. You have to specifically request a FICO Score for Transunion and Experian. They both use the other scoring system that runs to 950 (FICO only goes to 850).

Even if you get FICO from all three, there will be differences in the way each credit bureau weighs the information. Go to MyFico.com to get real, updated FICO scores for all three credit bureaus. You may find there isn't so great a difference.

To improve your score, pay off any credit card balances. Carrying balances of more than 30% of your available limit hurts your score. Paying off the balance will give you a quick score boost.

Experts also recommend 3 or 4 revolving credit lines and 2 installment loans to get the best score. Of course you must pay everything on time. You need at least a 24 month consistent, on time payment history to see your score improve.

Free Experian Credit Report And Score