| TransUnion is an international credit-scoring agency | | | | score can, and will, influence many aspects of |
| which helps lenders make decisions on your credit | | | | your life and can make a credible difference in |
| application. Credit comes in many shapes and | | | | your quality of life. If you have a poor credit |
| sizes-from car loans to credit cards, personal | | | | score with TransUnion and other credit scoring |
| loans to mortgages. Every time you apply for | | | | agencies, you may not be able to purchase a |
| credit from a lender, they check your credit | | | | house or a car. |
| score with a company like TransUnion. | | | | In today's society, it is nearly impossible to get by |
| Different lenders use different methods of credit | | | | without a credit card. Many companies require you |
| scoring-which makes your credit score a fluid and | | | | to give them your social security number and a |
| changing number. From one week to the next, | | | | credit card number as security and identification |
| your credit score can change either positively or | | | | as to who you are. Lenders rely heavily on your |
| negatively. Many things affect your credit score, | | | | credit score to either advance or deny you credit |
| including how and when you pay your bills, your | | | | with them. |
| outstanding debt balances and how much credit | | | | It is important to keep an eye on your credit |
| you have. | | | | score-this way you can know whether you are |
| Too much credit is not a good thing-a high balance | | | | positively or negatively affecting your chances at |
| of debt or high limits on too many credit cards | | | | credit. |
| can affect your credit score negatively. By paying | | | | Credit scores are affected by the severity and |
| your bills on time and only applying for credit as | | | | number of late payments, the age, type and |
| you need it, your credit score is impacted | | | | number of credit accounts you have, your total |
| positively. | | | | debt and recent inquiries for your credit score. |
| Your credit score should remain as guarded a | | | | However, credit scores are not affected by your |
| possession as your social security number and | | | | personal data, such as race, age or marital status. |
| your credit card numbers themselves. Your credit | | | | |