Your credit score is a number that reflects your trustworthiness as a consumer – the probability that you will pay off a debt or keep up with other financial obligations. A low credit score means you may have trouble getting approved for loans, mortgages, and other lines of credit. But don’t worry – we can help get you started on the credit fix process! Our team of experts are here to help guide you through every step of repairing your credit rating so you can start enjoying the benefits of good credit.

One of the most significant aspects that lenders will consider while assessing your creditworthiness is your credit score. This score is based on previous research that predicts how likely an unfavorable event such as a bankruptcy, court judgment, or similar would be recorded on a credit report in the following year.

The most important factor in your score is your payment history – whether you have made your payments on time and in full each month. Other factors include the amount of debt you have, the length of your credit history, and any recent changes in your credit utilization. If you have a high Equifax Credit Score, it means you have a good track record of managing your credit responsibly and are considered a low-risk borrower. This can give you an advantage when applying for credit, and can help you get approved for loans with better terms and rates.

On the Equifax scale it classifies credit report users as follows:

• Below average  – There is an above average chance an adverse event will be listed on a Credit Report in the next 12 months.
• Average – There is an average chance an adverse event will be listed on a Credit Report in the next 12 months.
• Good – The likelihood of an adverse event not being recorded on your Credit Report in the next year is lower than average. The chances of no negative events showing up on your Credit Report in the following year are greater than average.
• Very Good – It is unlikely that a credit event will be reported on your Credit Report in the next year. To put it another way, the chances of no negative events showing up on your Credit Report in the next year are more than two times better than normal.
• Excellent -In the next year, an unfavorable event is unlikely to be recorded on your Credit Report. In other words, the chances of no negative events appearing on your Credit Report in the following year are more than 5 times better than those of the average population.

Equifax updates the credit-active population scores on a regular basis, and changes in the population and economy are reflected in Equifax Credit Score ratings. The Equifax Credit Score is utilized in real life by lenders in a variety of ways that are not mentioned on the Equifax Credit and Identity site. Some lenders may accept your application while others might not do so because each lender utilizes their own lending criteria and polices, as well as their own credit scores.

Are you tired of being denied credit? Do you want to start the credit fix process but don’t know where to start? Credit Repair Ausvengers can help. We offer a free credit file assessment so we can get an idea of where you stand and what needs to be done to clear credit history. Our credit repair team is experienced in removing negative listings and defaults from people’s credit files, so contact us today if you want to start the credit fix process!