The credit score scale is an indicator used by lending institutions to find out if you are credit worthy. This could be from 340 to 850 and the higher the score, the better off you are.
You can get a copy of your credit score scale by getting a copy from an accredited credit agency by giving them a call or requesting for one through their website.
These three credit agencies are namely Expedia, Equifax or Transunion and you can get a copy from one or from all three at the same time or after a few months.
Majority of Americans get a score 700 or higher on their credit score scale. Sadly, there are a few who score lower. How this is determined is based on 5 factors.
The first is your credit history. This includes the number of loans that were approved or disapproved, your credit card transactions and other financing which you may have acquired over the past 2 years.
The creditors will also review if you have had any late payments in the past. If you have always paid this one time, then that is great.
Another indicator will be the length of your credit. If you have had this for years, then you have an advantage compared to someone who...
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