Credit Score Ratings

People are more familiar with the term “credit score ratings” than they once were because of the various commercials that mention it, but they are not really secure in the knowledge of exactly what these credit score ratings are, or just how having a high or a low rating can affect them.

Credit score ratings come from the three credit reporting agencies, Experian, Equifax, and Trans Union, the same agencies where you get your credit report. These agencies have a special type of software that takes the information from your credit report and compiles a score from it. This is called a FICO score. [Read more]