Credit Scores

A credit score is a number grade attached to your credit report.  This number tells a lender how likely you are to repay a loan or make credit payments on time.  The actual number will fall somewhere between 350 and 850. A higher score means a better chance of having a credit or loan request approved.

It’s important for your credit report to be accurate because your credit score will change with credit report changes.  For example, if you stop paying a loan, your credit score will go down. Likewise, if you begin paying all of your bills on time, your score will increase.

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Credit scores take into consideration:

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