If you have less than perfect credit, you are probably attracted to the many commercials on TV which promise credit repair and debt consolidation. While there are many things companies can do to help you fix your credit, there are a number of things you can do yourself to get
If you have a history of late payments, unpaid bills, or accounts sent for collection, your credit record will suffer. A bad credit record gives you a low credit score and makes it difficult for you to get needed credit or loans for things you really need. Your credit
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. The credit score they determine
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 its contents. If applying for
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 auto loan. On the other
In order to build and maintain good credit, you must select, use, and pay on your credit cards, and other loans, wisely. Each step is important. Put them all together and your credit rating should rise. Make bad choices and you might hurt yourself in some surprising ways. When applying
Insurance Credit Scoring: An Ethical Issue Credit scoring is a method of determining the likelihood that credit users will pay their bills. Fair, Isaac began its work with credit scoring in the late 1950s and, since then, scoring has become widely accepted by lenders as a reliable means of credit
Navigating a credit report can be a bit confusing, but it is important to understand how all of those numbers affect you whether or not you are considered credit worthy. A credit report is broken into four basic sections, and each one is important to your credit score. The first
You can get an annual free credit report from any of the three major credit bureaus. If you have ever had credit, then there is a report on your borrowing and repaying at one of these bureaus maybe all three. The Fair Credit Reporting Act is a law saying
Free Credit Report and Credit Score indicate the creditworthiness or financial position of a person. Initially, there was a strict prohibition to disclose the credit report and score. But due to development in business skills and policies, many retailers and lenders extend credit facilities to their customers. In order to
