Skip to Main Content
Liz Weston on Personal Finance (Collection), 2/e
book

Liz Weston on Personal Finance (Collection), 2/e

by Liz Weston
April 2013
Beginner to intermediate content levelBeginner to intermediate
913 pages
21h 32m
English
Pearson
Content preview from Liz Weston on Personal Finance (Collection), 2/e

2. How Credit Scoring Works

The first thing you need to know about your credit score is that you don’t have a credit score: You have many, and they change all the time.

Credit scores are designed to be a snapshot of your credit picture—typically, the picture contained in your credit report. New information is constantly being added to your report, and old information is being deleted. Those changes affect your score.

That can be good news or bad news. The good news is that if you have a bad score now, you’re not stuck with it forever. You can do a lot to improve your situation and make yourself more creditworthy in lenders’ eyes.

The bad news is that you can’t rest on your laurels. When you have a good score, you need to constantly monitor your ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Credit 911: Secrets and Strategies to Saving Your Financial Life

Credit 911: Secrets and Strategies to Saving Your Financial Life

Rodney Anderson, Robert Kiyosaki
Millennial Money Makeover

Millennial Money Makeover

Conor Richardson, CPA

Publisher Resources

ISBN: 9780133445893