What does your credit score mean? Understanding credit score is a matter of knowing the different factors that affect your credit report. The article below is an explanation of the credit score breakdown and what affects your bureau scores in general. Learn how to interpret your score and how to improve your credit report.Since your credit score is derived from your bureau data, it will change every time your reports change. However your score is calculated, it will always take into consideration many categories of information. No one piece of information or factor determines your score.
From the category archives:
Useful Reference
Below is a summary of the FCRA. The full Act can be obtained directly from the Federal Trade Commission’s web site here.
Fair Credit Reporting Act (Summary)
Public Law 91-508
The Fair Credit Reporting Act (FCRA) allows a consumer to challenge the information on his credit report on the basis of “completeness and accuracy.” If, after a reinvestigation [...]
