Good credit has become nearly a necessity these days. Credit has become almost essential to buying a car or a home (unless you have large amounts of cash lying around) and with the advent of online buying, it’s generally difficult to operate without some kind of credit card. Unfortunately, the
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 into a personalized credit report,
Almost everyone has some kind of debt. Most people have credit cards, student loans, a mortgage, or car payments. Your timeliness in paying off these loans make up your credit history, something that people usually don’t think about until it’s too late and you are declined on an application. Your
What To Do About Negative Information In Your Credit Report Negative information concerning your use of credit can be kept in your credit report for seven years. Bankruptcy can be kept for 10 years, and unpaid tax liens for 15 years. Information about a lawsuit or an unpaid judgment against
Know More About Your Credit Report A credit report is a factor that determines your finance. Your credit score can be divided into your credit history, payment history, accounts you owe, type of credit you used and new credit. It depends upon your credit reporting agency that gives proper weight
Review Your Credit Report And Correct Errors Check that your personal information is correct. This includes your name, social security number, date of birth, address and telephone number. If you are married, make sure your spouse’s information is correct too. If you are divorced, the report should indicate this. Check
Are You Managing Credit And Debt Or Is It Managing You? Credit is an established part of American life. It can be a valuable tool permitting you to purchase a home or a car, finance an education, or take advantage of special sales and offers. Unwise use of credit, however,
A credit rating is simply someone?s assessment of how well you would be able to pay back money lent to you. Usually, that ?someone? is a credit reporting agency; however, creditors themselves will also make their own assessment, which is usually based on the score you receive from the credit
Thanks to a new federal law put into place in September of 2005; everyone is entitled to one free credit report each year. This is so that you can verify that your report does not contain any false information, and so you can see how your credit rates. Getting your
