How Contractors Can Improve Their Credit Score

billd. How Contractors Can Improve Their Credit Score Plan purchases in advance Work with vendors who report to agencies Pay off small personal debts Monitor your credit score Prioritize on-time payments What are credit bureaus and what do they look at? Credit bureaus such as Transunion, Equifax and Experian collect information on a consumer's financial behavior, then provide this information back to lenders through what's called a "FICO score." FICO scores help lenders make informed decisions about the creditworthiness of a borrower. Credit bureaus do look at: Credit bureaus do not look at: Gender Race O Personal information such as Social Security numbers and addresses M Public records such as bankruptcy information and liens A Previous inquiries into your credit score Ethnicity Trade lines such as loans and lines of credit, including information on: Age Minimum Amounts past due Date account opened Balances payments due WANT HELP ESTIMATING HOW MUCH CASH YOU NEED FOR YOUR NEXT PROJECT? Email us at [email protected] or call us at 512.270.4805