My Free Credit Report

There are different scoring models for each of the three different scoring agencies, TransUnion, Experian and Equifax, these are the 3 major credit bureaus. Each of those scoring agencies has different versions of there scoring models as well. Just like computer software is updated constantly so are scoring models. This is a big reason for some discrepancies between your scores between the different reporting agencies and between different creditors. This adds again to the mysteries behind your score. Your Transunion score could be reported differently depending on which model is being used.

There are 3 major credit Bureaus and they each have have there own models. Confusing, huh? That is exactly how they want it to be so you are trapped into paying a professional anywhere from $495 to several thousand dollars to repair your credit. There are a few simple steps to improve your credit and to move forward in achieving a high score. Trade lines (Credit cards, cell phone bills) either need to be improved and any errors need to be disputed and eliminated. The 3 major credit bureaus are humongous corporations and they have streamlined the dispute process leaving it almost but impossible to achieve eliminating errors unless you know exactly what needs to be included in the letter and how it is to be sent.

There is no simple answer or technique to fixing your credit. However with a little bit of direction and a little bit of effort on your part you can expect to increase your score upwards of 100 points in the next 30 days if you take immediate action. Do not get caught in the trap of looking for an easy way out of your bad debt. It is a simple process and you do not need to fall victim to the smoke and mirrors you will find out there in the industry. A plan of attack and only minimal effort on your part will leave you with an awesome score in no time.