GET A GOOD CREDIT REPORT BASED ON YOUR CREDIT SCORE

Out of the three major credit report agencies, Experian is one of the major working agencies.

This agency is located in Ireland, which mainly prepares credit reports for the purpose of

lenders or insurance companies. When there is an application submitted in the bank for a loan,

the bank will want to check the credibility credit scores of the applicant. Every utility bill or

account is there on this credit report, which will clearly mention your credit rating. Lenders

always try to come out with the negative points in the credit report and overlook the positive

ones.

Generally, utility companies will never get a chance to make your report unless you make a

default on your monthly payment. In many cases, lenders make an enquiry with the utility

companies about the punctuality of paying bills. If you come across a situation that there were

several enquiries made about you then, you must know that the lenders are taking your

enquiry. But, this is a fact that your credit score will come down if there are too many inquiries.

The main work of Experian starts here where they collect information about all the inquiries

made to an applicant and put them in one report which is called as Experian Credit Report. If

you have applied for a loan, then you are automatically asking the company to check about

your credit rating and make an inquiry. In case, someone is trying to get your information then,

you must check out who is that person.

Good credit score for Experian

There are lots of details and factors on which Experian decides your good credit score.

Information about your number of accounts, credit range, amount of debt, bill payment cycle,

minimum payments, etc. need to be checked out by them. If you think that by paying a

minimum amount of payment, then you can be wrong as this might bring down your credit

score.

Therefore, it is important to keep paying what you are asked for because this can help you

make a good credit score. So, it is better to pay and you must use your credit card once in a

month to increase your score. Normally, the credit score between 750 and 800 is believed to be

an ideal Experian score. If the applicant has scored 700 under the Experian report then too, the

applicant can get the recommendation for a loan. So, try to improve your score on the Experian

credit report.

For more Details visit Which Credit Report