Credit Score Scale

Credit Score Scale 2012

Credit Score Scale

The Credit Score Scale 2012 has not changed from the previous few years. The scale you will see on your left is the same credit scale that has been applied for many years.

If you are taking the time to look for a credit score scale, then please understand that you need to apply this scale to all of your unique credit scores issued by each of the major credit bureaus.

It is useless to apply only one or two credit scores to this scale if you allow one of your scores to go unmonitored and perhaps to be unfavorable to your credit history.

You must always monitor all of your credit scores if you are going to apply them to the Credit Score Scale 2012.

If you do not have all of your scores this is a simple problem to fix as you will see many services that offer free credit scores from all of the major credit reporting bureaus. There are many options when selecting the services, so I suggest trying out as many of them as possible as you may find a service that you want to keep and pay their monthly fee. Then again you may simply choose to take advantage of their free trial offer and just review your free information and stop there.

Since you have so many options that provide free credit scores and free credit reports, there is no reason that while you are taking the time to review the Credit Score Scale 2012 that you should not also take the time to carefully your options and carefully read the reports that they provide as well. Credit scores are important, but the information that is actually contained in your credit report is more important than the score itself. Your credit score is only an introduction to your credit rating and if you are not maintaining credit reports that give a positive of your financial transactions you are missing out on what is necessary to maintain good credit ratings.

When you decided to carefully monitor your credit reports make sure that you are reviewing reports from all of the major credit agencies. You need to carefully review line by line all of the information being reported about you because this information is available to anyone that requests your credit history. Some of this information will affect your scores and some of it has no effect on your scores. The items that affect your credit scores are items that have to do with your financial transactions. For example these items would be automobile loans, home loans and credit cards. The items that have no effect on your credit score are places of residence and employment information. This is not to say that this information is not important when someone reviews your credit history, I am just telling you that it does not affect your credit scores.

You should always do your best to maintain accurate information on each and every credit bureau report. If you find some information is incorrect it is actually quite simple to get the credit bureaus to correct the inaccuracies. All you need to do is send a letter of dispute telling them which items are being reported improperly and they will correct these items. Generally if this is your first time sending a letter to the credit bureau, they will send you a letter back asking you to prove your identity. You should do this as soon as you receive this request because they will not start to correct the errors until they have received proof of your identity. Once you have given them this information they will not ask for it again. They may also ask for proof of information that you are asking to have corrected. If they do, simply send them any information you have showing the accurate information. If you do not have proof then write them a letter explaining why you do not have it and why they still need to correct it and you will see that this information will still get corrected eventually. This is not a fast process and you should allow 30 to 60 days to get this done.

This is why I recommend monitoring your credit reports often so that you can maintain accurate information so that when you do need to use your credit you can rest assured that when someone pulls your information they will see accurate information about your financial history and other important personal history information.

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