Getting To Grips With Your Credit Score

Two types of score: there are also two types of credit score – generic scores and customised scores. Generic scores are used by lots of lenders and businesses to work out how much of a risk you are (by risk, they mean how much trouble they’ll have getting their money back from you). It’s easy to see your generic rating if you get your report from one of the big three CRAs. Customised credit scores have been developed by individual lenders for their own use. #genericscores #customisedscredits