Credit scores are calculated using information in your credit report. The score provided by TransUnion is the VantageScore® 3.0 model. One important factor is your history of making on-time payments. Another is credit utilization — the amount of available credit you’re using. You should aim to keep your credit utilization ratio below 30%, although the closer you can get to 0, the better. This shows you have access to credit but are only using a responsible amount. Take control of your credit data and focus on building good financial habits over time, then the score will follow.
What You Need to Know
The credit scores provided in this product are based on the VantageScore® 3.0 model. Lenders use a variety of credit scores and are likely to use a credit score different from VantageScore® 3.0 to assess your creditworthiness.