The fall season is now upon us. As the leaves begin to change and fall, it wouldn’t be a bad idea to make sure that your credit score isn’t changing and falling too!
Let’s recap what a credit score is. Your score is a numerical reflection of your total credit picture. Credit scoring companies use formulas to derive your scores based on the information in your credit files at the three major national credit reporting agencies - Equifax, Experian and TransUnion.
Let’s also recap why having a good credit score is important. Many institutions including banks, credit card companies, cell phone providers, mortgage lenders and even some insurance companies are likely to view at least one of your credit scores. In order to get the best rates on a loan, or to qualify for a credit card- you will want to have a good credit score.
At PrivacyGuard we encourage you to know where your credit stands this fall!