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.

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...

What “Too Few Accounts Paid as Agreed” Means

October 30, 2013

Dear Experian, How can "too few accounts currently paid as agreed" be a reason for an adverse effect on my credit score when I currently have no unpaid accounts? - MIJ

How Utilization Rate Affects Credit Scores

October 30, 2013

Dear Experian, I have been led to believe that a component of one's overall credit score is the ratio of current credit card balances to one's total available credit. If...

Bad Credit Even Though Bills are Paid on Time

September 10, 2013

Dear Experian, Why is my credit bad? I paid every thing on time. - WOD

Why a Credit Score by Itself is Meaningless

September 10, 2013

Dear Experian, I have a credit report and a score of 785. So what? I haven't been able to ascertain what the "grading scale" is. Any help? - STO

Deleting an Account Did Not Raise Credit Score

September 10, 2013

Dear Experian, I recently had an account deleted from my credit report. Why didn’t my credit score go up? - ENS

Why Credit Scores Matter

September 10, 2013

Dear Experian, I know that a lender I'm about to approach will pull up my Experian Scorex PLUS score. It doesn't seem available to me at experian.com or experianscorex.com. How...

Making Multiple Payments Can Help Credit Scores

August 17, 2013

Dear Experian, I tend to make more than one payment per month on my credit cards accounts. Will this raise my credit scores? - STA

How to Make a Very Good Credit Score Better

August 16, 2013

Dear Experian, I have an 805 Experian score. I know that's a good score; however, I am a competitive person and would like a higher score. I have the financial...

The Meaning of “Too Few Accounts Paid as Agreed”

August 16, 2013

Dear Experian, My credit score came back with a statement saying, "too few accounts paid as agreed." I was wondering what that means since I have never paid an account...

Closing a Credit Card Can Hurt Your Credit Score

June 5, 2013

Dear Experian, Why does closing a credit card you are no longer using negatively affect your credit? - VNO

Not Enough Activity to Generate Credit Score

May 8, 2013

Dear Experian, Recently we were told my husband’s credit report with Experian was not reporting and that his credit score is not available. We received a message that says “Factor...

Authorized User Accounts and Credit Scores

April 24, 2013

Dear Experian, Do items on my credit report in which I am listed as an "authorized user" contribute to my score? - DRH

Why There Isn’t Just One Credit Score

January 30, 2013

Dear Experian, Why isn't there one credit score across the board? Could you please explain why lenders receive different credit scores than what I receive? Why are the credit scores...

Lack of Mortgage Loan as Credit Score Risk Factor

November 21, 2012

Dear Experian, I was looking at my credit report and it stated, "You do not have a mortgage account in good standing.” What does this mean? I do not own...