Your credit score is only as “good†as the ingredients that go into it. And the ingredients are the information in your credit report provided by Equifax, Experian or TransUnion. If there are mistakes or outdated information in your credit report, then the score that is produced won’t be accurate. And if you aren’t doing the things that build great credit (paying on time, for example) then the number that is produced will reflect that.
Your credit score is only as “good†as the ingredients that go into it. And the ingredients are the information in your credit report provided by Equifax, Experian or TransUnion. If there are mistakes or outdated information in your credit report, then the score that is produced won’t be accurate. And if you aren’t doing the things that build great credit (paying on time, for example) then the number that is produced will reflect that.
Best credit score will be good for future it signifies that in future you will find loan easily as per your requirement.
Payment History 35%
Credit History 15%
New Credit 10%
Type of credit used 10%
Amounts Owed 30%