Your Credit Score Information is Important
Your credit score has an impact on many different facets of your life. Your credit score information can affect whether you're able to get a mortgage, car loan, lease, or other types of credit. Lenders use credit score information to determine if an applicant is likely to repay a loan. Landlords, employers, and insurers make use of credit history information to gauge how responsible you are. Positive credit score information can help you get credit when you need it - and at better interest rates and terms. Negative information can affect your financial future, but you can recover from past mistakes.
At TrueCredit, you can view your credit score information and find helpful advice on ways to improve your credit score. We have the tools and resources you need to attain and maintain good credit.
Simply put, your credit score is a number calculated based on the information contained in your credit report. Credit scores range from 300 to 850, with 850 being a perfect score. Most people's scores fall somewhere in the middle. With good financial habits, it is possible to improve your credit score over time. Credit scores are based on:
- Outstanding debt - you should aim for account balances below 30 percent of your total limit.
- Payment history - a consistent record of on-time payments will bolster your credit score information.
- Credit history length - a long and established credit history makes you less of a credit risk.
- Recent inquiries - several inquiries can hurt your score. Be sure to apply for credit in moderation.
- Types of credit - an ideal credit history contains a good mix of credit and loan accounts.
Viewing Your Credit Score Information
Checking your credit score information regularly is an important step towards good credit management. Your credit score information is a window into how potential lenders view you as a credit risk. If you are thinking about applying for a loan, visit the TrueCredit Learning Center for our loan preparation guidelines and tips to improve your credit score. Or click here to view your credit score information now.
| 
