Archive for May 20, 2010

Credit Report 3 1 – The Key to Better Rates: Improve Your Credit Score

Whether you accept the idea or not, your credit score and credit report are key elements when applying for new loans, or credit cards. Your credit score is computed using the information found on your credit report 3 1. Once you have debt under control, it’s time to tackle the credit rating/scoring game. 

Credit scores were created to assist banks and businesses to help make financial decisions about you. A mathematical calculation is used based on your credit report data.  The end result is a numerical rating. FICO scores vary from a low of 300 to a high of 850. Lenders consider a score of 760 and above as ideal.