Re:How Equifax Became a Private IRS
by gruez on Monday January 23, 2023 @11:51PM
(#34499439)
> On the contrary, the actual rules and methodologies for credit score calculations are not documented anywhere public.
The exact formulas might not be, but the general factors aren't exactly a secret. Hell, the "free credit score" service my bank offers even provides a simulator tool to estimate what would happen to my credit score if I did certain things (eg. get a car loan, or pay off an existing loan).
The exact formulas might not be, but the general factors aren't exactly a secret. Hell, the "free credit score" service my bank offers even provides a simulator tool to estimate what would happen to my credit score if I did certain things (eg. get a car loan, or pay off an existing loan).