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