Checking your credit report and score is the first step in taking control of your credit. By checking your credit report and score you will see the same type of information lenders, landlords and employers see. A good credit score is essential for your financial well-being because the higher it is, the less of a credit risk you are.
Check your credit score for potential inaccuracies or signs of identity theft. Review your credit report for any potential inaccuracies.
A credit score is a number lenders use to help them decide how likely it is that they will be repaid on time if they give a person a loan or a credit card. Your personal credit score is built on your credit history. Credit scores range from 330 to 830. A decent credit score is essential for your financial well-being because the higher it is, the less of a credit risk you are.
Play it safe and check your credit score regularly. Your credit score rating is determined by formulas that assess your creditworthiness. Lenders evaluate you by looking at your credit score, which measures your credit risk namely, how possible it is that you’ll pay them back and pay on time. The score constantly adjusts, and you’ll benefit from knowing what it is and keeping track of changes and setbacks.
There is no easy way out of a mediocre credit score rating if it is based on facts. Consumers often find inaccurate information reflected in their credit score. It is easy to file a dispute claim with Experian or any other credit reporting agency, but you won’t be able to do this unless you have a copy of your credit report.
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Calculated on the PLUS Score model, your Experian Credit Score indicates your relative credit risk level for educational purposes and is not the score used by lenders. Learn More.