Your credit score is calculated using information from your credit report. You may have different scores based on your reports from different credit bureaus.
Your credit score:
- Looks at a variety of information from your credit report
- Groups information into the five data categories shown above
- Doesn’t consider anything not on your credit report (race, color, religion, national origin, gender, marital status, or age)
- Doesn’t factor in salary, occupation, title, employment history, or residence
The percentages for each category above represent the impact on credit scores for the general population. You may have more or less information available in any one category, which impacts your score.
In other words, your score is weighted differently depending on what information is available.
How Can I Improve My Credit Score?
If your score isn’t what you hoped, focus on the areas that need improvement. A few general tips for improving your score are:
- Pay your bills on time
- Get current with outstanding debt
- Pay off debt
- Limit the amount of new and unused credit cards
- Re-establish your credit history, if you had past issues
- Periodically check your credit report for potential inaccuracies and unauthorized activity
Please Note: PSECU is not a credit reporting agency. Members must have PSECU checking or a PSECU loan to be eligible for this service. Joint Owners are not eligible.