You can lawfully get a free copy of your credit score from any of the countrys major credit bureaus. You may also get one from FICO, Fair Isaac Company, a reputable bureau with scores ranging from 300 to 850. Any score below 670 is regarded as poor, 580-669 is rated adequate, and 300-570 is considered poor. Any score between 669 and 850 is deemed exceptional.
Q5. What causes a low credit score?
- You defaulted on your payments
- You have no financial or loan history
- Your records show late payments
- You were unable to make regular payments on cash borrowed in the past
Q6. How long does it take to get your credit score back on track?
This entirely depends upon how bad your credit score is and how far you are willing to go with the improvement. If you want to do it on your own, it will take a long time. Youll start with identifying items to dispute and then challenging the credit unions, not knowing if you did it the right way. In case you dont get a response, youll have to resend the request and wait for another eternity.
On the contrary, if you hire a reputable organization to do it for you, youll be in a much better position. Læs videre “Q4.How do I know if my credit score is excellent, normal, or poor?”