Credit tips from Ken Strey

 

 

By now, many people are well-aware that the credit score is an important factor in finances.

 

The main reason people worry about their credit scores usually has to do with borrowing money.  When consumers think about the word “credit score,” the score they are considering is the FICO score.

 

Each of the three major credit bureaus has its own score, based on the information in your report. The algorithm for figuring out your credit score for each is slightly different. If you check a web site owned by Experian for your credit score, it will likely be different than your actual FICO score. The same is true of a free credit score site owned by TransUnion or Equifax.

 

Don’t be fooled; many of those paid credit score sites, and free credit score sites offer scores that are different from FICO. (In fact, Experian was sued for fraud because some consumers think they will get their FICO score when they visit FreeCreditReport.com.)

 

However, if you are using paid credit score services to look at your score, it’s usually not going to be worth your money. Although you are getting a credit score, it isn’t your FICO score, and it may not provide you with an accurate picture of how lenders see you.

 

Scorewell, Inc. is a Full Service Credit Repair and Credit Education company producing expedited industry leading results.

 

Would you like to set up a time to look at your credit profile ?

 

Regards,

 

Ken Strey

 

Scorewell, Inc

 

Phone : (925) 478-5213 Fax : (925) 226-1883   kenstrey@scorewellinc.com

 

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