Did you know that, your credit report score is one of the most influencing
aspects in your life. Therefore, the
value of credit is very important. The worse your credit score is the more you pay
for loans, mortgages, credit cards, insurance, etc.. A damaged credit
history can also effect your chances of approval for the little things in
life, like a cell phone, an apartment, and/or a vacation rental.
Learn more about
who is going to pull your credit, and why.
It is very important that you take care of your credit. We will help
you obtain a better comprehension of the credit reporting and scoring
system, how it impacts you and what you can do to ensure that you have
the best credit score possible.
What is your credit score?
Your score is an assigned number that is reflective of your
credit value. The lower your score is, the more of a risk you are
considered. The higher your score, the better. As mentioned, if you
have a high credit score, you are going to get favorable rates and
terms for loans, credit cards, mortgages, insurance, etc..
How is your credit score determined?
Your score is made up of many pieces.
1. Your payment history.
2. Amount of debt you owe.
3. Length of credit history.
4. Amount of new credit.
5. How many inquiries you have on your credit profile.
--Learn more about
how your credit score is calculated and
how to interpret your report.
You can learn more about the
different types of credit and determine where you may stand.
It is important to note that
age is not an influence in determining credit scores.
Why should you get a copy of your credit report?
Do you know what your score is? Do you know what information is
listed on your
report? Most people do not. There could be information that is
not correct or out of date. Either of the two will adversely effect your credit score. It is
suggested that you
obtain a copy
of your credit report a minimum of once a year to ensure that it
is 100% accurate.
How do you get a copy of your credit report?
You have several options for retrieving your profile online. The most popular offer we feature is the
free credit report copy. When you enroll in the
credit monitoring system,
you will receive a copy of your report free of charge.
Once a member, you can proactively monitor, manage and protect your
credit file from
identity theft. The credit monitoring system also
offers great tips for cleaning up your credit and improving your
You can purchase a
single credit report
which is a copy of your report from one of the three major reporting
Or you can purchase a
3-1 credit report.
A 3-1 report allows you to compare your credit info
side-by-side, as reported by all three major reporting
bureaus. We recommend purchasing the three-in-one credit report. What is
posted in your file from one company may not be available on
another's. So, if you order a single credit report, you may not be
seeing all of the information.
How do I read my credit report?
One thing about every type of credit report is that they are hard
to read. We go into detail about the basics of
interpreting your credit report and
what you should look for.
What should I do if there are errors on my credit report?
If there are errors on your credit report, you need to fix them
immediately. We not only teach you how to
challenge errors but also
how to write a dispute letter to the credit reporting agencies.
How can I improve my credit report score?
There are several ways. Aside from having all erroneous
information and outdated info removed, you can try and eliminate any
debt that you have by paying down credit cards and/or loans.
Eliminating or reducing your debt will greatly improve your credit
score. There are also credit repair programs and credit counselors that can help you improve your credit scores.
More information about
ways to improve your credit are detailed here.
I have no credit. How do I get credit?
Building a positive credit history is easier to do if you are lacking credit, that if you have bad credit. We can teach you some simple methods that will allow
build a strong credit history
Remember, your credit is one the most influencing aspects of your
life. Whether or not you get approved for any type of loan, credit,
insurance, employment and or housing will directly depend on your
**Consumer Alert - FICO has recently decided to
drop authorized user accounts from the credit scoring formula.
Common Questions Related to Credit Reports
Features the most common questions and answers
related to your credit and profile.
How Life's Occurrences Impact Your Credit - Your credit has
a direct impact on many things in your life. Featured is
information that details how and when credit is used and what
the impact is when your credit file is accessed for specific
What is Credit Scoring? - Credit scoring gives
creditors and lenders the capability for fast, unbiased
analysis of credit histories. Generic credit scoring
models were developed in the 1980s by the three major
credit reporting agencies Equifax, Experian and Transunion.
Top Seven Tips for Rebuilding Credit - Achieving a
strong credit rating when you have bad credit is not easy. We
feature information that will make the process more seamless.
Privacy Questions to Ask Businesses Nowadays, everyone from doctors to
financial planners maintain records of your personal information. How can you be
certain that a business is keeping your personal data safe? Identity theft as a
result of consumer data being lost by businesses is a rising crime. Learn what questions
you should ask before revealing any of
your personal information, i.e. date of birth, SSN, address, etc..
Yahoo! Finance -
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