Q&A: How is a credit rating calculated and how do I do it?
Question by playgroundfunn: How is a recognition evaluation calculated and how do I do it?
I gentleman’t have a recognition card, but I did take out a loan. I’m kind of confused because my dad is always telling me that having this loan will be good for my recognition rating since he’s paying it off.
Best reply:
Answer by achillesvo
There are accompanied that are paid by other companies care banks that calculate your credit rating. Given you have just got a debt and don’t have a credit tease makes me guess that you’re offspring and probably don’t have a business or assign history to begin with. So that said, you probably don’t have a credit rating yet. The only way you tin return a credit ratting is by paying a company to check on it for you. There is no single standard expression as 1 company may rate you slightly different from another.
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