Most people have seen or heard commercials that advertise websites to check your credit report. What most people don?t know is that your credit report does not include your credit score. Your credit report is more of a snapshot of your credit history that includes personal information, what kinds of credit you use (mortgages, credit [...]
I’m asked all the time about credit reporting agencies, especially the big three: Equifax, Transunion and Experian.
The biggest surprise to most people is the manner in which these companies generate money. Do you know that they sell your information? That’s right. They sell consumer information through subscriptions by creditors. Consider this-your bank and credit card [...]
Even if you are fluent in several foreign languages, you can have problems when it comes to understanding a credit score. The symbols, legends and inside credit score language is frustrating, but you shouldn’t feel too bad because you’re not supposed to have great understanding of your credit report.
If you’ve been following credit card reform, [...]
The key to raise credit scores is to write a Credit Dispute Letter. When you decide it’s time to improve credit scores, you have to start here. There is no other way to begin and this is whether you are dealing with a credit card company, a collection agency or one of the three major [...]
If your bank showed your credit score was a 560 would you know if that was good? I’ve heard some individuals that are happy with a 532 credit score until they find out the scale is designed in a strange manner. It is not as simple as 0 to 1000. You’ll need to understand the [...]
As you probably know by now, your credit score has a lot of power over your life. If your credit score is very high (say, over 700 or 750), you will be offered the lowest interest rates by banks and other lenders when you apply for a new auto loan, mortgage, or personal loan.
However, if [...]
Like so many of my fellow Americans, I have bad credit. I didn?t always have bad credit though. In fact, I used to have excellent credit; I used to get pre-approved for low interest rate credit cards, I got wonderful financing options when I purchased my first car, and I never got calls from collection [...]
