eugenie asked:


Hi can anyone know how to get the credit reports directly from credit companies. I want my credit report receipt from companies . If I go and ask them they will provide me report or not.

jeanelle asked:


Hi can anyone know how to get the credit reports directly from credit companies. I want my credit report receipt from companies . If I go and ask them they will provide me report or not.

A credit score is a general term used for a number assigned to you based on your credit report. A FICO score is one of these scoring models and is a brand of credit score. What that does for the consumers is sometimes increase confusion. There are some things to understand.

The first thing is, if you are talking about credit scores, you are talking in general. It is a myth that there is only one credit score. There are several different scores that are available. Each of the three credit bureaus has their own. There is also a joint project called a VantageScore that was developed by all three bureaus in conjunction. These are only two of what could be a thousand different credit scores in use today by lenders.

If you are talking about a FICO score, you are talking about a type of credit score. It was developed by Fair Isaac and they have been in the credit scoring business since the 1950’s. It is the most recognized face of credit scores. The history comes from the recommendation of Freddie Mac and Fannie Mae to use FICO scores in mortgage lending.

To further complicate things, there are different versions of the FICO score. You will find you also have a Beacon score. This is specific to Experian, the largest credit bureau. This is the marketing name they use for the FICO score.

The scale of all these credit scores can also differ. For example, the VantageScore uses a credit score range of 501 to 990. The FICO score uses a range of 300 to 850. Your credit rating could vary based on the scale. Meaning, you could have a good rating with one and an average with the other.

The question for consumers is which credit score should I worry about. It could be a question of what model is the lender using, but the starting point is your FICO score. This is the market leader and is often used in the majority of mortgages. It could also be the basis of many of the other scores. You should also get a score based on all three credit reports. You will find that the scores are different on each. This is because of reporting by your accounts to one bureau and not the other. If you want your FICO score, you need to go to the source and visit Fair Isaac credit score website, MyFICO.com

By: Kyle Gentile

About the Author:

Mrs. Omarion asked:


I am interested in renting/living in an apartment in Los Angeles, CA. This apartment is so beautiful and spacious. The rent is expensive because it cost about $1500/month to live there. I know that L.A. is expensive, but I always wanted to live there when I was a kid, since I am from Chicago. I also noticed that landlords look at your credit report to see your credit, and I am not sure which credit report they would look at. I don’t want to get rejected because I really want to live at that apartment. I am also afraid that my credit score would be bad from the other two credit reports since I already know that one of my credit scores on one of my credit reports is good. My question is should I keep my fingers crossed and hope that I do get approved for the apartment or should I just forget about it and pray that I get the apartment?

The first thing you need to do in order to improve your credit score is to find out what information the credit companies have in your account. Once you have all the information you can devise a plan on what to do to increase your score. There is no better place to find out the information from the credit companies than www.creditscoremonster.com.

There is no sure fire way to increase your score quickly but there are things that you can start doing immediately that will help in the long run. One of the main things that you need to do to increase your score is to start paying your bills on time, every time. Remember that some companies have grace periods but they vary and they may report a late payment even though it was only a day late. This is why it is critical to get your payments there on time.

Keeping your account balances low will also help increase your score. One trick that you can do is to move your balances around and spread the debit among all your credit cards. It does not help to have one card almost maxed out and several cards with no balance at all. Evening out your usage is beneficial when calculating your credit score. You are not spending less just spreading the debit out.

There are some common sense ways to improve your credit score. One for instance is to pay down your debt. This does not mean closing out accounts. You do not want to close your accounts, just pay them down. When the score is calculated it looks at how much available credit do you have compared to how much credit you are carrying. If you close accounts it reduces the amount of available credit to you so the same amount of debt effects the calculations differently.

Fix the errors you have found on your credit reports. Look for accounts that aren’t yours, late payments that are not late and debts that you have paid off that were not removed from your account. Some companies are quick to report deficiencies to the credit companies but take their time removing bad marks from your record. It is up to you to watch this and ensure that your information is kept up to date and clean. You do not need to hire a company to help remove bad items from your accounts. Credit Score Monster has links available to start the process of contesting items on your reports.

Remember the first thing you have to do in order to clean up your credit reports is to get that information in your hand. Without know what your scores are there really is no sense in trying to clean up your records. Purchase your three credit reports from Credit Score Monster to get you on your way of increasing your credit scores and ultimately saving you thousands of dollars on your next major purchase.



By: Credit Monster

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AMEFIKA asked:


When I apply for loans and tell the creditors what my credit score is they still run my credit. All the reports I read talk about the imporatnce of knowing your credit score and that’s fine. But what’s the importance of knowing my score when the creditors run it anyway? Also, how do we know that the rates that we qualify for are true based on ourcredit score? Is there a chart tat we can put our credit score up against and it tells us what rates we qualify for?