Based in Valencia, California, Think Credit Reports provides users with credit scores via the website www.thinkcreditreports.com. Unique to Think Credit Reports is the company’s ability to draw credit information from all three credit bureaus, giving users a more accurate estimate of their overall score.
A credit score is a three-digit number between 300 and 850 that shows an individual’s credit worthiness. This score plays a role in determining numerous financial variables, such as credit card application acceptance and how much one can expect to pay on a home or car loan. Factors that determine credit scores include the number and types of all financial accounts, as well as available credit and payment history.
Scores are calculated using data from three different credit bureaus (Equifax, Experian, and Trans Union), each with its own formula for calculating scores. This means that scores will vary from bureau to bureau. Credit bureaus do not actively seek credit information, but rather it is supplied to them through banks and other financial sources. These factors are then applied to the bureau’s formula, and a credit score is generated.
A credit score is a three-digit number between 300 and 850 that shows an individual’s credit worthiness. This score plays a role in determining numerous financial variables, such as credit card application acceptance and how much one can expect to pay on a home or car loan. Factors that determine credit scores include the number and types of all financial accounts, as well as available credit and payment history.
Scores are calculated using data from three different credit bureaus (Equifax, Experian, and Trans Union), each with its own formula for calculating scores. This means that scores will vary from bureau to bureau. Credit bureaus do not actively seek credit information, but rather it is supplied to them through banks and other financial sources. These factors are then applied to the bureau’s formula, and a credit score is generated.