Which Credit Score Should I Pay Attention To?

Serving Los Angeles, Riverside, Ventura, San Bernardino Counties & Nearby Areas of California

When it comes to your credit score, you should absolutely pay attention to all of the numbers provided by the various credit reporting agencies. While it's certainly true that different credit reporting agencies might assign a different credit score, the numbers should not vary greatly from one another. If they do, you should take the time to investigate the discrepancy.

In general, you do not necessarily have control over which of your credit scores will be utilized by a potential lender. The lender might choose to honor your highest score, may elect to use your lowest score, or may decide to create a score based on the average of two or more scores.

If you have an issue with your credit score and you need help from a Los Angeles credit reporting attorney, please Howard Silver as soon as possible. It's important to not ignore a negative issue for too long because the problem is not likely to go away on its own.

Key factors to remember when it comes to credit scores and credit reporting:

  • You should always self-monitor your credit score
  • If you notice a significant drop in your credit score, make sure to investigate the reason
  • You can raise your credit score by not taking on too much debt and paying all of your loan payments on time
  • It's important to correct errors on your credit report

Your credit score and your credit report are both very important. Your score can affect the interest rates you are offered by lenders and credit card companies. The amount of credit offered to you can also be affected by your credit.

For help with a credit reporting issue, please contact The Law Office of Howard D. Silver today to schedule a free consultation. Mr. Silver serves clients in Los Angeles, San Bernardino, Ventura, and Riverside Counties, California.

Posted Date: 
Monday, December 15, 2014