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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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Auto Loans
Personal Loans
Debt Consolidation
Credit Cards

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 -Checking Accounts

Getting Your Credit Report

There are three main types of credit reports. If you are looking for an extensive breakdown of your credit history from all three major bureaus, purchasing a 3-in-1 credit report is your best option.

However, if all you need is analysis of your credit from one bureau, then we recommend ordering a single credit report.

You also have the option of the credit monitoring program. Once enrolled, you will have access to your 3-in-1 credit report. You will also receive valuable services and information for safeguarding your credit as well as tips on building and maintaining good credit.


WHAT CREDIT TYPE ARE YOU?
Your credit is the most influential aspect when determining what kind of interest rates and loan terms you will receive when applying for any type of loan or credit card. Learn more about the value of credit.

Do you have any clue what your credit rating is? Below is a breakdown of the main credit classifications and the factors that are used to classify an individual's credit status. You can learn more about how the credit reporting companies will calculate your credit score.

Besides examining the material presented below, we highly recommend that you get a credit report copy online before you apply for any type of loan or credit. You want to guarantee that you are getting the most out of your credit. You don't want any misinformation or outdated data to hurt your chances of approval or the terms you receive. If there are mistakes present, you must dispute all errors on your credit report immediately.

If you obtained a copy of your credit report, and your credit rating is not what you expected, there are ways you can improve your credit score. People with a lack of credit can learn how to build no credit into a positive credit history.

*** A tradeline is any type of loan or credit card.

Excellent Credit
  -- Minimum credit score of 685.
  -- Must have a minimum of five years worth of credit.
  -- Must have a minimum of five tradelines with at least three years worth of payments that have been reported to the credit bureaus.
  -- No utilization of credit card lines (otherwise known as limits). Basically, this means no balances left on credit cards.
  -- No late payments.
  -- A minimal amount of credit inquiries.
  -- Homeowner of at least two years will help.
  -- Being employed for at least one year at the same place of employment. 
  -- Reside at the same residency for at least one year.

Good Credit
  -- Credit score will range between 620 and 684.
  -- Must have a minimum of three years worth of credit.
  -- Must have a minimum of three tradelines with at least one year worth of payments that have been reported to the credit bureaus.
  -- No heavy utilization of credit card lines. Basically, this means minimal balances left on credit cards.
  -- No delinquent accounts. All tradelines must have up-to-date payment histories. Having one late payment is acceptable.
  -- Homeowner of at least one year will help.
  -- Employment at the same job for six months.
  -- Reside at the same residency for at least six months.
  -- No auto repossessions.
  -- If you have experienced a bankruptcy it must be discharged for at least two years.
  -- A minimal amount of credit inquiries.

Fair Credit
  -- Credit score will range between 565 - 619.
  -- Must have a minimum of three years worth of credit.
  -- Must have a minimum of three tradelines with at least one year worth of payments that have been reported to the credit bureaus for each tradeline.
  -- Owning a home is an advantage.
  -- Having more than one late payments is OK as long as your accounts are all 'paid as agreed'.
  -- Employment at the same job for six months.
  -- No more than two different places of residency in the last year.
  -- Bankruptcy discharge is OK. Attempting to re-establish your credit is looked at positively by the credit bureaus.
  -- Numerous credit inquiries within the last year.

Bad Credit
  -- Credit score will range between 400 - 564.
  -- Credit history comprises of less than three years of activity.
  -- Maxed out credit cards. credit card line use.
  -- Several delinquent accounts.
  -- Accounts in collection.
  -- Active bankruptcy.
  -- Numerous credit inquiries within the last year.

No Credit
  -- No credit score reported by any of the major credit reporting companies.

If you have no credit, you can learn how to easily build your credit history.


Top Credit Articles:
Life Changes That Affect Your Credit


Experian



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