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Give Yourself Some Credit

Give Yourself Some Credit. Understanding Your Credit Report Melanie Hurley Economics 101. Generated by three companies Experian, Equifax, TransUnion Factors How much you owe to each company Payment history for each company Includes utilities, medical expenses, rent.

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Give Yourself Some Credit

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  1. Give Yourself Some Credit Understanding Your Credit Report Melanie Hurley Economics 101

  2. Generated by three companies • Experian, Equifax, TransUnion • Factors • How much you owe to each company • Payment history for each company • Includes utilities, medical expenses, rent Credit Report Fundamentals

  3. Range- 760 (excellent) to 620 (poor) • 35% - payment history • 30% amounts owed • 15% credit history length • 10% new credit • 10% credit types How FICO is Calculated

  4. Pay bills on time • Avoid opening many new accounts • Open only if you intend to use • Keep balances low • Less than 25% of credit limit • Review credit report yearly Improve You FICO Score

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