How the Credit Bureaus Affect You
The credit that you have is a very big factor in your life. The biggest part in determining your credit, other than your own decisions, is the credit bureaus. These three agencies have been established in order to help the credit industry to make better decisions about the kind of credit they are offering to individuals and businesses.
The biggest factor creditors look at when making a decision about offering credit is your credit bureau score. This is a combined total of the scores given to your by the three credit reporting agencies. It takes into consideration your entire credit history. Everything from making payment on time to foreclosures is weighted different when coming with the score.
It is important to keep in mind that the three bureau scores are often not the same. This is because there may a difference in what is reported. There may even be a difference in the amount of importance that each one places on certain items in your credit. By getting a report from all three credit score agencies, it is possible for you to understand what your score is and why.
To be able to get the best information, you will need to go to the best credit score website. This will allow you to be able to get even more than just the information about your credit score. You can also get information about the different items which are on your credit.
Only by ordering your credit report every year will you be able to protect a good FICO credit score. This will help you to be able to make sure that you will be able to remove anything from your credit which does not belong there. It will also help in making sure that you will be able to improve your credit score by seeing how it is affected by your decisions. There are even those companies which will help you to get the protection you need against identity theft. This will help you to not be held accountable for another individual stealing your information to get credit cards and more.