Take the time to closely analyze your credit report and to confirm the information that it contains.
Restoring a good credit rating may require work, but you can do it.
The first step you need to take is to request and analyze your credit report.
New systems are introduced occasionally, and individual lenders have their own criteria and variations on scores.
Even with all this variation, you can still get a good idea of where you stand by getting your credit scores from the three main credit reporting bureaus.
Note: You can also get your credit reports for free from Annual Credit
While there are many credit scoring systems, it is generally accepted that any score above 720 (particularly on the FICO scale) is considered a GOOD credit score.
Whether you need to take a loan or credit card with bigger available amount, you will need to be “clear” in front of the bank officer with an excellent credit rating.
Credit rating evaluates the creditworthiness of a debtor, it can be individual, company or government.
Unfortunately, it is not as simple as just checking your score with any credit agency.
There are many different scoring systems, and each has a different scale.
Different systems check and calculate by various ways but if once you’ve got good credit report from one credit reporting company, you will be lucky to have a good credit score with your lender.