What's a credit score?

Credit score, also known as credit rating, is a number that reflects your likelihood of repaying your credit. Lenders such as banks and credit card companies will look at your credit history when calculating your credit score, which will show them the level of risk in offering you a loan. The higher your credit score, the better your chances of obtaining credit at the best interest rate.

Your credit score will affect your chances of:

  • Credit cards, loans and mortgages
  • Car financing
  • Gas & electricity monthly payments
  • Mobile phone contracts
  • Insurance monthly payments
  • Property rentals

 

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How can see your credit score?

You can see your credit score by registering for a free Score Matters (TransUnion) account, you don’t need to pay a penny for the first 15 days trial to get a “score is important” credit score If you log in, your free score will be updated every 15 days.

How can get your credit-free score?

You can get your credit score by registering for a free Score Matters (TransUnion) account, you don’t need to pay a penny for the first 15 days trial to get a “score is important” credit score If you log in, your free score will be updated every 15 days.

how can get your credit score

How does a credit score work?

Every time you apply for credit (such as a loan, credit card, mortgage or even a mobile phone contract), your credit score is calculated. How the score is calculated depends on the company you are applying for-different companies use different methods, so your credit rating may vary.

The lender will look at your loan history and how you usually repay the borrowed funds. Generally, they will consider:

How’s your Score Matters Credit Score calculated?

Scores are important (TransUnion) Free credit scores are between 0-700. It is based on information in your "score is important" credit report, such as how often you apply for credit, how much you owe, and whether you pay on time.

If you keep records in the report that appear to be detrimental to the company, such as payment defaults and defaults, you will lose points. You will earn points for things that the company normally looks up to, such as consistently paying on time and participating in elections.

credit report

What’s good or average credit score?

No "magic" number can guarantee your approval. Moreover, because different companies may look for different things among their potential customers, you may be rejected by you and accepted by the other party. Your free score question Credit score can serve as a useful guide to let you know how the company sees you so that you can make more informed choices regarding credit.

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How Can See Your Credit Score? | Get Your Free Credit Score