How Your Credit Bureau Score is Determined

So, what’s in your credit bureau score? Is it just whether and when I make my payments or are there other things that affect my score? Actually, there are several factors that influence your score and determine how high it is.

Your payment history

Obviously, making payments on time is the best way to keep your credit score high. The odd 30 Day late payment won’t affect you much. Make a habit of it, and you’ll struggle to get credit.

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How Is My Credit Score Determined?

Each of the three major credit bureaus, Experion, Transunion, and Equifax, use different methods for calculating your credit score. No one outside of these companies knows the exact process and formulas they use. Even still the score between the three shouldn’t vary too greatly. As a guideline here are the factors that are used to determine your credit score.

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Where Do I Find My Credit Score?

People often want to know what their credit score is but don’t know where they can find it. There are quite a few different sources to go to. There are definitely some sources to stay away from also. So the question is where do I find my credit score?

The Best Place to Go

The first place I would go is to This is a site set up by the government where you can access your credit reports for free once a year. But you asked where can I find my credit score, not my reports. While are checking out your reports you can also order your scores from three main credit bureaus. This is the cheapest way I’ve found and they will run you about seven or eight dollars from each bureau.

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Credit Score Ranges: What is a Good Credit Score?

Let’s say your credit score is a 590, do you know if that’s good? I know I’ve heard people get excited about a score like this only to find out later that they didn’t know how the scale is set up. It doesn’t start at 0 and end at 1000, which would be too easy to understand. So what are the credit score ranges?

Credit score ranges are between 300 and 850, the higher the better. A point difference will rarely mean much, so don’t stress over a few points.

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