A credit score is a numerical ranking system that lenders use to determine how much of a credit risk you are. A credit score is a numeric indication of how likely you are to repay debts such as loans or lines of credit. Lenders use this number to determine how much of a credit risk you are.
Credit scores also are designed to indicate your creditworthiness in comparison with other consumers.
Credit scores are based on the data in your credit report and are generated by computers using artificial intelligence. Usually a credit score is between the numbers 300 to 850. The higher your score, the more "creditworthy" you are to lenders.
Credit scoring is based on many factors that may include:
Under the Equal Credit Opportunity Act, credit scoring may not use gender, marital status, national origin, race, or religion as factors.
Negative credit listings are deleted from peoples' credit reports each and every day! It all comes down to whether or not the negative items on your report are meeting the requirements outlined in the Fair Credit Reporting Act for them to continuously be reported, if they are not, then by law they must be deleted.
We are hard at work every day challenging damaging and questionable credit entries on behalf of our clients. Utilizing proven and absolutely legal methods, we are a professional organization working for you and your credit.