Your 9 Most Common Credit Questions, Answered (Experian)

Through April 20, 2021, Experian, TransUnion and Equifax will offer all U.S. consumers free weekly credit reports through[1] to help you protect your financial health during the sudden and unprecedented hardship caused by COVID-19.

Understanding how to build or rebuild credit can raise a lot of questions. Learning what lenders are looking for in a credit score, what role your credit report plays and what you can do to improve your credit may all seem critical—and overwhelming at the same time.

Below are answers to nine of our most commonly asked questions about credit, along with links to related stories if you want to dive deeper. With this essential knowledge, you’ll have much of the insight you need to help you succeed in your credit journey and improve your financial security.

What Is a Good Credit Score?

Here’s how the two major consumer credit scoring models, FICO® and VantageScore®[2], break down credit scores by range:

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