Sunday, May 12, 2024

Equifax Credit Reports: Comparing the Top 7 Banks That Offer Equifax-Based Scoring


Get Your Real Equifax FICO Score and Boost Your Credit Limits

In this comprehensive guide, we'll explore the best ways to access your true Equifax FICO score and reveal a powerful strategy to double your credit limits, even if you have bad credit.

Accessing Your Equifax FICO Score

  • myFICO - This platform provides your FICO 8 Equifax score for free, giving you 28 different data points with multiple scoring models.
  • Discover - Discover will give you your Equifax FICO 8 credit score, even if you don't have a Discover card.

Doubling Your Credit Limits

If you have bad credit, here's a hack to help you:

  1. Sign up for a Discover secured card and put down a $200-$250 deposit.
  2. Use only 10% of the card's limit to keep your utilization low and boost your credit score.
  3. After 5 months, add $2,000-$3,000 to the card. When it becomes unsecured, your limit may double.

    Beware of Vantage Scores

    When you check your score on Equifax.com, you're actually seeing a Vantage score, not your true FICO score. Be sure to use the sources mentioned above to access your real Equifax FICO score.

    Leveraging Regional Banks

    When seeking funding, always prioritize regional and community banks as they often have more flexibility, especially when it comes to debt-to-income ratios.

    If you have any other questions about building business or personal credit, click the link in the description to schedule a one-on-one consultation.



    YouTube Source: Equifax Credit Reports: Comparing the Top 7 Banks That Offer Equifax-Based Scoring
    YouTube Channel: https://www.youtube.com/channel/UCwTiSgSSNPiNANoB2cREAAg
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