What is considered a good credit score?

No matter where you are in life, a good credit score is one of the most important tools you can have. That’s why it’s important to understand what makes a good score, together with the money management habits that make it happen.

How Your Credit Score is Determined?

Most credit scores come from a company called Fair Isaac Corporation, aka FICO, using data from the “big three” credit agencies Transunion®, Equifax® or Experian™. Every time you pay a bill on time, open a new credit account, get a pay raise, or finance a vehicle, a credit agency will make note of it – and they all affect your score.

Why You Should Review Your Credit History

It’s a good idea to get copies of your credit reports from each agency. You can make this request online at this site: annualcreditreport.com. It’s the only credit reporting site authorized by Federal law, and it’s free! You’ll be able to review your credit history and request corrections if you spot errors.

Still have questions about the loan process? Give us a call or apply now to get started today.

In solidarity,
UNION HOME PLUS™