It's your right to know what credit scoring agencies are saying
about you. Finding out this information is doesn't cost a lot
and takes only minutes to do - which may be time very well
spent. So what is credit scoring? Simply put, credit scoring is
a method of assessing the credit risk of a loan applicant. It
uses mathematical models to evaluate a person's credit
worthiness based on their credit history and current credit
accounts. The system was first developed in the 1950s, but has
come into widespread use in just the last couple of decades. In
the early '80s, the three major credit bureaus (Experian,
Equifax and Trans Union) each developed scoring models that
allowed them to offer a score based solely on the data of one
individual. Creditors, especially those in the home mortgage
industry, frequently use these scores when deciding who gets a
loan and at what rate. However, it's worth remembering that
creditors also consider other information, such as your salary
or employment history, when making loan deci