Understanding Your Credit Score

A credit report determines the creditworthiness of a person, and helps lenders determine who qualifies for a loan.

Most lenders, such as banks and credit card companies, use credit scores to determine creditworthiness.

A credit score is primarily based on a credit report developed by the credit reporting agencies: Experian, TransUnion, and Equifax. A credit report determines the creditworthiness of a person and helps lenders determine who qualifies for a loan, at what interest rate, and with what credit limits.

Credit scores range from 300 to 850, and are calculated by a mathematical equation that evaluates many types of information from an individual’s credit report. A high credit score represents good credit.

Learn More

The Maui Mortgage Team will help you find out your credit score, and determine which loan options will be available to you! Call: 808-270-2775, or toll-free: 1-877-270-2542