The 3 things you should know about your credit score after Experian’s $3 million fine

Despite the recent cases against credit reporting agencies, maintaining a healthy credit score is not that complicated. In theory, at least.

The credit reporting agency Experian EXPN, +0.49% was fined $3 million by the Consumer Financial Protection Bureau on Thursday for “deceiving consumers” about how their credit scores would be used. This fine — plus a separate $20 million one in January involving TransUnion and Equifax — reveal some timely lessons for consumers who are seeking a loan or just eager to increase their score, experts say.

Experian, one of the three largest credit-reporting agencies along with TransUnion TRU, +0.05% and Equifax EFX, +0.21% , falsely told consumers between 2012 and 2014 the credit scores it was selling (a proprietary score Experian developed, called a “PLUS Score”) would be the same scores lenders would use to evaluate their creditworthiness.

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