Exactly Just Just How are Credit Ratings Determined? Both TransUnion and Equifax utilize lots of factors whenever determining your credit rating.

Exactly Just Just How are Credit Ratings Determined? Both TransUnion and Equifax utilize lots of factors whenever determining your credit rating.

While both of these have actually somewhat various procedures, in general, the most crucial factors are:

  • Payment History: Missing and belated repayments on your bank card, home loan, etc. will decrease your score.
  • Financial obligation Levels: the total amount you owe (whether for student education loans, credit card debt, etc) therefore the period of time you’ve owed the income shall influence your rating. (more…)

Continue Reading
Close Menu