Managing your Credit Profile
Credit scores are a way for lenders to assess the likelihood of a borrower repaying a loan or credit card. They are based on a number of factors, including how a person manages their finances and their credit history. 

FREEZE YOUR CREDIT
We suggest first you setup an account and then FREEZE your credit so that nobody can run your credit without your permission. 

Place a FREEZE or remove a FREEZE when needed. 

• TransUnion
• Experian
• Equifax

KNOW YOUR CREDIT REPORT / SCORE
Make sure you know about your credit.

• Annual Credit Report - https://www.annualcreditreport.com
• Many banks and credit cards now offer your credit score as a FREE service.

Here are some things to know about credit scores: 

• How they affect your chances of getting credit
  A higher credit score generally means a better chance of getting a loan or credit card, and may also lead to better interest rates and higher credit limits. 

• How they can be improved
  You can improve your credit score by managing your accounts carefully and limiting new credit applications. You can also correct any errors on your credit reference file. 

• How they vary between CRAs
  Different CRAs use different scoring systems and maximum scores. For example, Experian's score ranges from 0–999, while TransUnion's is out of 710 and Equifax's is out of 700. 

• How they are calculated
  Creditors use different systems to calculate credit scores, and they may not tell you what your score is. However, they must tell you which credit reference agency (CRA) they used to get your information. 
• How they are used
  Lenders use credit scores as one factor in their decision-making process, along with other factors like income and outgoings. 

​CRA = Credit Reference Agency

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This information is provided as a courtesy. Please consult a credit specialist for more information. This information posted should be used for educational purposes only.