Credit Score and Your Age

Your score is a quantitative figure supported on your credit history (the information contained in your report). The main industry regular for scores is your FICO score (range of 300-850), which is calculated by Fair Isaac Corporation; however, each of the bureaus uses their own score.
Glen Craig explains that your FICO score is calculated settled on the pursuing data points:

•Your payment history (accounts for 35% of score)
•Amounts you owe on your afoot credit (accounts for 30% of score)
•Length of your history (accounts for 15% of score)
•New credit (accounts for 10% of score)
•Types of credit you use (accounts for 10% of score)

A higher score indicates that you are inferior of a risk. This means, the closer your score is to 850, the better offers you will receive.
Importance of Correcting Inaccuracies
You should not assume that you know what is listed in your reports. It is great to check your credit report before applying for credit. This allows you to know beforehand what to expect to proper any inaccuracies.
The FDIC (Federal Deposit Insurance Corporation) reminds consumers that the "amended Fair Credit Reporting Act permits consumers to request a freeborn copy of their credit report once every 12 months from each of the cardinal major credit reporting agencies.
As noticeable by New Jersey's Department of Banking and Insurance, "Under national law, both the credit reporting agency, and the organization that provided the information to the agency, such as a bank or credit card company, have responsibilities for correcting inaccurate or uncompleted information in your report." However, you are trustworthy for alerting the bureau and reporting agency of the errors.

Know Your Credit Scores

In addition to obtaining a free copy of your reports each year, you should monitor your scores from all credit bureaus throughout the year to catch bad reports as they happen. The easiest way to stay on top of your scores is to utilize tools suchas credit monitoring from efreescore.com.
efreescore's credit monitoring provides you with:
•Your credit scores from complete cardinal credit reporting agencies
•24/7 credit monitoring to protect against identity theft and unfaithful credit requests
•Credit alerts for changes in any of your credit reports
Sign upfield today to take the firstborn step of protecting your credit scores.