Why does your credit matter?
Your credit affects your ability to secure loans as well rates you receive on loans and even insurance. Some jobs also require good credit. Credit score is determined by 3 different scoring companies: Equifax, Experian, and TransUnion. Scores can range from 300-850.
How do you fix bad credit?
Your credit is determined by multiple factors that take into account debt balances, revolving credit lines, payment history, number of credit inquiries, and past collections. If a person would like to improve their credit score it happens by a combination of resolving issues that lower your credit score along with building a positive payment history. For consumers seeking a mortgage 620 is the magic number where the consumer has