The individuals personal lines of credit are pretty this new, and therefore affects the period of credit score
Experian, Equifax, and you may TransUnion-the three significant credit agencies that generate all of our results and you will accounts-is actually having-earnings, publicly traded enterprises. The fresh new formulas they use to determine all of our ratings is actually proprietary.
I have certain concept of just how these types of firms assess the results, but simply a crude that. FICO 8, the essential widely used rating design today, is...