Empirica Score
What Is The Empirica Score?
An Empirica score is quite simply a FICO score based on the data that the credit bureau TransUnion has collected.
Empirica Score Scale Range:
| Credit Reporting Agency | FICO Score Name | Score Range |
|---|---|---|
| TransUnion | Empirica Score | 150-934 |
How To Get A Free Empirica Score:
If you would like a copy of your Empirica score, read our guide on getting all three of your FICO scores.
What Is Considered A Good Empirica Score?
Anything above a 720 is considered to be a good score while anything below a 620 is seen as a bad score, you’ll likely struggle to get credit with anything lower than 675 and almost certainly will not be approved with anything lower than a 620.
How To Increase Your Empirica Score:
The first thing to do to try and increase your empirica score is to go through your TransUnion credit report (which you are able to get for free – read our guide to find out how) and make sure there are no inaccuracies there. If there is an inaccuracy you need to request a dispute form from TransUnion and fill it out – once the error is removed your score will increase. It’s important to note that you cannot remove things from your report that are accurate.
If you cannot find any errors then the next thing to look at is your debt. If you owe over 30% on any of your revolving loans (this is stuff like credit cards or store cards – this DOES NOT include your mortgage) then try to pay them down to under 30% of the available credit limit. This will lower your credit utilization ratio and increase your credit score.
Another important thing to do is to make sure that you pay your bills in a timely fashion, if you are late with your bills (phone, electricity and gas for example) then your credit score will decrease. The other thing that will increase your credit score is to wait, a big part of your credit score is your credit history.
Find out how to improve credit rating.