If you’re going to apply for a credit card, a mortgage, a loan or any other source of finance, one thing any potential lender will check is your credit report. This will tell them about any previously unpaid debts or legal judgments against you and
Your credit report determines your credit rating. If you obtain a loan from a bank, credit card company or another loan establishment, your ability to make your payments on time is reported to a credit reporting agency. Credit reporting agencies then compile this financial information
Most people think mistakenly that if you have credit problems, you have to wait 7 years for them to go away. Well, that’s not always true. Credit repair can help you…once you know how to do it. The time to clean up your
Most people who have bad credit think there is nothing they can do about it. They mistakenly believe that they have to live with their bad credit for a long time. You don’t have to live with bad credit or pay hefty fees to have
Under the Fair Credit Reporting Act (FCRA), both the consumer reporting company and the information provider (the person, company, or organization that provides information about you to a consumer reporting company) are responsible for correcting inaccurate or incomplete information in your report. To take advantage
Every time you apply for any type of loan or you have issued a credit or you pay any bill, it becomes a part of the equation that determines your credit rating. The primary or big three credit agencies are Experian, Equifax, and Trans Union.
Although many mortgage companies and finance experts have been warning consumers about the importance of maintaining a good credit score, many people fail to recognize the value. When applying for any type of credit, potential lenders review our credit history and base loan approvals on
Raising your credit score does not involve a lot of work. However, there must be a willingness on your part to use credit responsibly. A low credit score makes it more challenging to obtain a credit card or get prime rates on a home or
Obtaining and maintaining a good credit history is very important for any consumers present and future financial condition. But how does someone go about doing this? To some peoples surprise, establishing credit is relatively simple. If you are earning a stable income and have lived
Negative remarks on your credit report can cost serious money. You do not have to despair though since it is never too late to become creditworthy again. However, always remember that credit repair does not happen overnight. It requires serious dedication and perseverance to start
