Credit Repair - Self Help

I’m sure everyone is familiar with their regular FICO credit scores, these are the scores that everyone is concerned about when it concerns credit. In addition to FICO scores there are a number of other scores that may affect your ability to obtain credit. These scores are not known by the general public and are not disclosed to the public. Some of these scores are even derived from the main credit reporting agencies.

The first type is called the Behavior score. This score is basically a score as to how well you handle all of your credit accounts. They typically focus on a single account within an institution. This is generally an overall view of the account and will take into consideration your payment patterns. Things like carrying a balance, paying the minimum, etc. These scores generally help the creditor identify any unusual behavior with your account that may require some attention. The behavior score could be used to make a prediction that  you may be approaching a  financial crisis.  We will talk about some other secret scores in the next post.