Credit Scores – everyone needs good credit to buy a car, a house, rent an apartment, turn on utilities, have good insurance rates, and the list just keeps going.
The first step to good credit is understanding Credit Scores.
If you have a free credit monitoring system – AWESOME – we love creditkarma.com and freecreditscore.com but when you look at your credit scores they don’t match. When you go to apply for a loan those scores are different too! Ever wonder why?
Well, it is because there are many different types of credit scores, and the most popular scoring system is FICO.
There are hundreds of FICO scores, and nine versions of those, then there is a FICO score for each consumer credit report from Equifax, Experian, and Trans Union.
Yep, it is confusing and complicated but the bottom line is – do you have good enough credit to qualify for whatever it is you are applying for? If not, we can help. Enjoy!