How are credit scores calculated?

The methods of calculating your FICO may differ slightly depending on the credit bureau. When obtaining your score from one of the Credit Bureaus it is important to understand that your score does not come directly from FICO. It is adapted to each bureau and is given its own name: Equifax uses “Beacon”, Trans Union …

Credit Repair Secrets

How To Have (And Maintain) Perfect Credit Roughly 1% of the population has perfect credit, i.e. a FICO score of 850 (on a scale of 300 to 850). Folks with such a high credit score all have the following traits in common: Between four and six revolving accounts (this means credit cards). At least one …