Everyone has a score, but most people don't know how they score. Credit bureaus have been keeping the score a secret, but there is a way to find out. The credit score is called Fico. It's the sole piece of information that most financial institutions use to decide financial futures. WEWS says that getting it and understanding it is critical for all consumers.
Many people say that credit reports are confusing.
Credit bureaus, such as Equifax, have decided to sell the information. In fact, Equifax is leading the movement by offering the score and personalized analysis of what it means. Understanding the reason codes, can help you improve your credit rating. Reason 10 is the single most important factor given when denying credit. It's given if the proportion of your balances to your credit limit is too high.