Overseas distinctions

with regards to credit score and credit ratings, no two nations are precisely alike. You will find quite differences that are significant great britain therefore the United States Of America, as an example. Because so many informational articles are written from a us viewpoint, it’s quite essential to know and appreciate these distinctions.

Generally speaking, the united states has an individual credit history, the fico score that is so-called. This is the way it really works:

First, major credit agencies gather all information that is relevant. Then, the score agency determines your rating by using this information. Though there will vary methods to the score procedure, the marketplace is dominated by the Fair Isaac Corporation. This efficiently turns the fico rating into one thing of a credit rating that is official.

The UK, having said that, has a few credit score agencies, of which but just three undoubtedly matter on a nationwide degree: Experian, Equifax and Transunion. (Crediva might be mentioned as being a 4th appropriate agency.) Every one of them makes use of its very own method of generating a score. Leia mais