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Credit Reports 

Types:
 -Single
 -3-in-1
 -Credit Monitoring System
 -Free Credit Report

Tips: 
 -Improving Credit Scores
 -Building Credit
 -Re-building Credit

Basics:
-Age & Credit
-Seniors & Credit
-Life Changes
-Getting Your Report Yearly
-Credit Report FAQ
-Who Looks at Your Credit?
-What is Credit Scoring?
-What Credit Type Are You?
-How Scores are Computed
-Understand Your Credit File
-Fixing Mistakes
-Sample Dispute Letter
   Sample Follow-up Dispute Letter
-Impact Of Inquiries
-Credit & Mortgages
-Authorized Users

Credit Scoring Blunders
Identity Theft
Credit Help
 

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CREDIT REPORTS
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 There could be information that is not correct or out of date.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 score.

You can purchase a single credit report which is a copy of your report from one of the three major reporting bureaus.

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 you build a strong credit history quickly!

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 credit history!


**Consumer Alert
- FICO has recently decided to drop authorized user accounts from the credit scoring formula.

Related Readings:
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 reasons.

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..

 

 

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