BetterMyRates Tips What you need to know about your Credit Score
Getting your credit report and score can help you see and understand how lenders
may be viewing your credit history. Your QSpace.Com Credit Score is calculated
based on the information on your credit report, using many of the same criteria
considered in the scoring models developed by the leading credit bureaus. It can
help you:
Know where you stand before applying for credit: avoid surprises
when applying for credit by knowing where you stand.
Understand your total credit picture: lenders often review both
your credit report and credit score when considering an application. You
actually have 3 credit reports—and hence 3 credit scores—because there
are 3 US credit bureaus (Equifax, Experian, & Trans Union) collecting
information about your credit habits. Since your lender can go to any of the
3 bureaus and the information on each of your reports is often different,
it’s important to know your credit score based on each credit report.
Get personalized tips and analysis: knowing your score is not
enough - the key is knowing what you can do to maintain or improve it.
Learn what factors may influence your score: understand what issues
can positively and negatively affect your credit standing.
See how your score compares to other U.S. consumers: learn how your
credit score measures up against others in the US.
