Your credit score is calculated based on the information in your credit report. Credit scores allow lenders to quickly make on-the-spot credit decisions based on a 3-digit number that sums up your credit worthiness. There are many credit scoring models in use today; all are designed to rate your likelihood to repay your debts. When you order your credit score, you will also receive an analysis of the factors affecting your score.
Your credit report is a snapshot of your credit at a particular moment in time. However, in reality that information is flowing in and out of your credit report all the time. Credit applications, home and auto loans, payments, an address change or even an inquiry from a prospective creditor all show up on your credit report - and affect your credit score.
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Credit history is the main determining factor of credit nowadays, but there are potential problems that can work against consumers. Since some credit reports can contain inaccuracies serious enough to cause consumers to be denied credit, a loan or even a job, keeping abreast of changes to your credit file is vitally important.
equinox credit report
Equinox Credit Report Copyright 2009 - 2011
Equinox Credit Report
Equinox credit report With a higher credit score you are getting a much better car, house or whatever you need for the same monthly payments. This simple fact is not so clear to most people, so let's clarify this issue with a practical example. In this example, you can see how credit scores are important and how they affect your payments. Equinox credit report Understanding your credit score not only puts you in the driver seat when you are contemplating any major purchases, but also provide you with enough ammunition to dispute any false claims in your credit history, and resolve any discrepancies with the 3 major credit bureaus. Equinox credit report Do you know what your credit score is? Many people understand that they have a credit score, but they don't really know how it is actually calculated. If you want to improve your score or maintain good credit you should know how credit scoring works.