When people come to us, they are often looking
for ways to improve their credit scores with tradelines. Of course,
credit scores are complex. You need to understand just what it is that
you are trying to improve before spending money, right?
What Is A Credit Score?
At its most basic definition, a credit score is a three-digit number
that lenders use to determine whether a person is creditworthy or not.
Not all credit bureaus look at the same numbers, as different credit
bureaus have different methods for determining scores. When you begin establishing your credit score, it will move anywhere
between 350 and 850. A person who is more creditworthy, according to
most lenders, will have higher scores on this spectrum.
How Do Credit Bureaus Determine My Credit Score?
There are plenty of factors that go into determining a credit score.
The percentages that make up a credit score’s components can change
depending on who is counting, though generally, the makeup will look
something like this: