Frequently Asked Questions

Frequently Asked Question

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We’re proud to offer two levels of services, depending on your credit needs. Our most comprehensive service level assists in essential credit services. Get help with score tracking & analysis, tools to protect and manage your identity, and additional legal interventions for abusive third-party debt collectors. Establish business credit to increase your financing options and access to capital.

Over the course of a 30-year home loan, you could end up paying as much as hundreds of thousands more in interest with average credit, compared to someone with good credit. This is given if you can get approved for a mortgage loan in the first place. Try our Credit Cost Calculator and determine where you can improve your credit score, and how much bad credit is costing you.

Good credit doesn’t stop at getting approved for a mortgage loan. Any lender who offers credit will take your score into consideration for car loans, credit cards, and home equity loans, as well as, possibly, personal business loans. The better your credit score, the more you’ll save in the long run with a lower interest rate. Many other entities such as insurance providers, apartment leasing, and employers might use your credit score to make decisions about you.

Do you have more questions about your business credit score? Take a look at our most frequently asked questions.

A: The formula used to calculate your credit score includes information based on several factors:

  • 35% on your payment history
  • 30% on the amount you currently owe lenders
  • 15% on the length of your credit history
  • 10% on the number of new credit accounts you’ve opened or applied for (fewer is better)
  • 10% on the mix of credit accounts you have (mortgages, credit cards, installment loans, etc.)