Your credit score is actually separate from the credit score, although the get is created on the statement

Together with viewing credit history on about three major revealing bureaus, you is to obtain your FICO get. Your own rating is like research cards. Fair Isaac & Co. (the brand new FICO rating keeper) assigns you lots based on the information on your borrowing from the bank statement. Since there are about three borrowing-reporting bureaus, you have got around three Fico scores. Here you will find the scoring affairs:

Credit Checklist

• Payment records – Have you paid back your own debts promptly?
• Numbers due – What’s your current personal debt?
• Length of credit rating – Just how long could you be borrowing from the bank money? Lenders want to see a long credit score.
• The fresh borrowing from the bank – Have you applied for the latest credit?
• Variety of borrowing from the bank made use of – Loan providers want to see all sorts of borrowing versions: credit cards, car loans, student loans, plus. (more…)