To clean credit up, it helps to know how it is calculated. Credit scores vary from country to country, but I will be focussing on the US, where it is defined by Wikipedia as “ a number based on a statistical analysis of a person’s credit files”.

Americans are entitled to a free credit report from each of the three main agencies (Experian, TransUnion, and Equifax) in any 12 month period.

Once it you have your credit score most people need to learn how to clean credit up (that’s why I credit this blog).

Another very common problem is that it is not immediately obvious if you have good credit or not. I was trying to get an idea of what score is good and found this:-

“Al Thorup, exec- utive director of the Indiana Mortgage Bankers Association, says a good credit score today is the neighborhood of 660 to 680 or better, depending on the agency, but warns that “credit scores” are dynamic.”

The whole article was a very interesting read, and can be found at:-

Here’s how to keep tabs on your credit | IndyStar.com | The Indianapolis Star

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