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Your Credit Based on Report Scores?

Updated: 9/16/2019
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12y ago

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The major credit report bureaus, Equifax, Experian, and TransUnion use information from Fair Isaac Corporation to make up your credit score. FICO uses several factors to figure your credit score. They include payment history, your credit responsibility, length of credit history, whether you have new accounts or not, and the types of credit that you have. The major credit bureaus now use a credit score model call VantageScore that ranges from 501 to 990. The scoring also includes A, B,C, F as letter grades. The bureaus seek more consistency in reporting your credit history.

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You can get your credit report scores for free at www.freecreditreport.com.


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