Top Shelf Financials

Fact: Having three major credit reports does not mean that we have just three credit scores. Rather, it means there are three versions of each type of credit score that we have. Take the VantageScore 3.0 credit-score model, for example. We each have one of these scores based on our TransUnion credit report, another based on our Experian credit report and a third based on our Equifax credit report.

The same is true of the most popular version of the FICO score, FICO Score 8, as well as older iterations of this base score and FICO’s various industry-specific scores. There are three versions of each, though only two are available to consumers because of a spat between Experian and the Fair Isaac Corporation, the creator and namesake of the FICO score.

All in all, there are more than 1,000 different credit scores in use today. (Wallet Hub)

When you miss too many payments and your account goes unpaid, a creditor may stop you from making additional charges and list your account as a charge-off. But even if the creditor stops trying to collect on your account, you still could be responsible for the debt. You can determine if it’s correctly listed on your credit reports, decide how to pay it back, and try to get it removed from your reports.

We can help you reach the National average and higher! Working with us is easy and we take effective steps to help you reach your credit goals!

Choosing to let us help you improve your credit and you’ll see results within 30-60 days!