A credit score is a number produced by a scoring model using the information in a credit report at a specific moment. Different models, and different versions of the same model, can produce different numbers from the same file.
General categories models consider
Most widely used models weigh broadly similar categories:
- Payment history
- Amounts owed relative to available credit
- Length of credit history
- Mix of credit types
- Recent applications for credit
Why no one can promise a number
Because scores respond to the whole file, a single change can move a score up, down, or not at all. Any service that promises a specific score increase is making a promise it cannot keep.
This article is educational and is not legal advice. Fred Livai Financial does not guarantee deletion of information, a particular credit score, or approval for credit or financing.