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Do-It-Yourself Credit Repair
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What Is Credit?
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What Is a Credit Score?
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What Is a Credit Report?
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Removing Negative Records
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Dispute Strategies
- Disputing Primary Creditor Records
- Disputing Charge-Off Records
- Removing Remarks
- Disputing Third-Party (Debt Collectors) Records
- Time-Barred Debts
- Disputing Medical Records
- Strategies for Removing a Bankruptcy Record
- Avoiding Frivolous Disputes
- Avoiding the Credit Bureau's Automated System
- Making a Settlement Offer
- To Add or Not To Add a 100 Word Statement
- What to Do if the Credit Reporting Agency is Unresponsive
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Credit Building Strategies
Credit Repair
What Is a Credit Score?
Back in the 1950s, a company called Fair Isaac Corporation created a modeling method to predict consumer payment behavior. As a result, the credit score was born. A credit score is a three-digit number ranging from 300 to 850 that summarizes your risk of default. A credit score is a key component used in most credit reviews performed today.
There are two main types of credit scores: FICO and VantageScore. In addition, there are a number of proprietary credit scoring models, like NextGen, BEACON, and EMPIRICA. In almost every case your credit-worthiness will be evaluated using a credit score calculated by FICO or VantageScore.
> What Affects Your Credit Score?