Do you know what your credit score really means? Do you know why there is not 1 credit reporting agency but several? Do you know the things that can increase and decrease your score? If you said no to any or all of these questions you’re not alone. Few people actually know what their credit report means, why it’s been set up the way it has and all the other myriad things about it. It’s with this fact in mind that we put together a little Blog to explain why. Enjoy!
First, why are there so many scores? Did you know that the average American citizen has about 35 different scores that are used for a wide variety of different credit situations? …