Miscellaneous 

What questions should I ask a credit repair company?

Leia Doyle

What questions should I ask a credit repair company?

What are some questions to credit repair companies before you sign any type of agreement? Here are 8 basic questions to ask.

  • What can a credit repair company do to help restore my credit?
  • Do you have fixed price programs?
  • Do you have a money back guarantee?
  • Can you guarantee a certain score improvement will be obtained?

Which credit report company is most accurate?

FICO scores are used in over 90% of lending decisions making the FICO® Basic, Advanced and Premier services the most accurate for credit score updates. All plans offer access to 28 versions of your FICO score, including scores for credit cards, mortgages and auto loans.

Why is my Equifax score higher than TransUnion?

And a lender may report updates to different bureaus at different times. So, it’s possible that Equifax and TransUnion could have different credit information on your reports, which could lead to your TransUnion score differing from your Equifax score. You may be seeing scores from different dates.

Does anyone have a perfect credit score?

The highest credit score you can have on the most widely used scales is an 850. For common versions of FICO and VantageScore, the scale ranges from 300 to 850 and lenders typically consider anything above 720 excellent credit. VantageScore spokesman Jeff Richardson says fewer than 1% of its credit scores are perfect.

Which of the 3 credit scores is usually the highest?

What Do Your Credit Scores Mean?

  • Exceptional: 800 to 850. FICO® Scores ranging from 800 to 850 are considered exceptional.
  • Very good: 740 to 799. FICO® Scores in the 740 to 799 range are deemed very good.
  • Good: 670 to 739. FICO® Scores in the range of 670 to 739 are rated good.
  • Fair: 580 to 669.
  • Poor: 300 to 579.

What is most common credit score?

Average FICO® Score Remains in “Good” Score Range FICO® Scores, which range from 300 to 850, are the credit scoring model most commonly used by lenders for evaluating a borrower’s creditworthiness. A FICO® Score of 711 is considered “good” by most lending standards.

What should you not do with credit?

How NOT to Use Credit Cards

  1. Sign Up for Every Credit Card You See.
  2. Never Pay Your Bills in Full.
  3. Don’t Make Your Payments on Time.
  4. Always Pay Foreign Transaction Fees.
  5. Use Your Credit Card to Withdraw Cash.
  6. Pay Your Tuition with Your Credit Card.
  7. Help Out Your Friends By Co-Signing on Their Accounts.