Credit Advice » Score Advice

Score Advice

A credit score is a three-digit number based on data pulled from your credit report, and it is one of several factors that lenders use to determine whether they should give you a loan or credit card. Your score can also affect what terms and interest rates you qualify to receive.

What is Provided with Your Credit Score

In addition to learning your three-digit score, a credit score is typically provided with a description of what items from your credit report most affected the score, both positively and negatively.

Credit Report vs. Credit Score

Credit reports and credit scores are two separate items lenders use to learn more about your financial history and the likelihood you’ll pay your bills in the future. While related, credit scores are not part of a credit report. Credit scores are based on information from your credit report, but must be requested separately.

What is installment credit?

September 29, 2016

Dear Experian, My friend has a poor credit score. She already has some credit cards as well as a personal loan with fixed monthly installments ending in next six...

How Often Does Your Credit Score Change?

September 13, 2016

Dear Experian, Why doesn’t my credit score update or change? The last date on my credit score says September 2014. I have been working hard since then to bring...

Should I Cancel My Credit Card? Will Doing So Hurt My Credit?

September 1, 2016

Dear Experian, I just opened a new credit card and I’m trying to learn more about how credit cards affect my credit score. I believe I have four credit cards...

What credit score do I need to buy a house?

August 31, 2016

Dear Experian, My FICO credit score is “stuck” at 680. I have not had any late payments. I’ve had two car loans over the last 10 years that I...

The Difference Between VantageScore and FICO Scores

July 18, 2016

Dear Experian, What is the difference between a “Plus” score and a “FICO” score? On a June credit report from Experian my Plus score was 790 (330-830), while my FICO...

Paying off a Debt Early Won’t Help Credit Scores

July 14, 2016

Dear Experian, I have a friend who took out a personal loan just so she could build up her credit. She's nearly 40 with no credit. She still has six...

Credit Scores are Not Included in Credit Reports

June 1, 2015

Dear Experian, I got my credit report, but where is my credit score? How do I get it? - JLE

Reducing Your Credit Limit Could Hurt Your Credit Score

July 2, 2014

Dear Experian, I have one credit card with a zero balance and a $10,000 limit. Will my credit score be hurt if I reduce my limit to $5,000? - CGC

Closing Store Credit Cards Could Affect Your Credit Score

May 19, 2014

Dear Experian, Can closing a few of my department store credit card accounts affect my credit scores if I have established good credit and have high credit scores? My husband...

Credit Card Balance Can Affect Credit Scores

May 2, 2014

Dear Experian, My credit score factors say “amount owed on revolving accounts is too high,” but I pay the balances off every month. I make more than $1 million per...

Balance-to-Limit Ratio vs. Debt-to-Income Ratio

March 28, 2014

Dear Experian, What is the appropriate balance-to-limit or debt-to-income ratio? I do not maintain a balance on my credit cards but worry that I have credit limits that are too...

Why Your Credit Score May Be Low

February 26, 2014

Dear Experian, I only have one debt which is less than $1,000. I also have two credit cards. Together they have a balance of about $2,000 each month, but I...