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Credit Reports

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

Credit Report Basics:
 -Ordering a Report Yearly
 -Common Questions
 -Determining Scores
 -Interpreting Reports
 -Disputing Errors
     --more basics

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

Identity Theft


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LATE PAYMENTS
Payment history is one of the most influential factors in regards to credit scores and as a determining factor for lenders and anyone else that runs your credit. It is very likely that lenders will be less willing to lend to you or will charge you a higher interest rate based on your payment history. Many people are unaware that in most states, auto insurance rates are calculated for the most part by your credit score.

Having a poor payment history can also hurt your chances for obtaining a job. Potential employers are going to look at your credit report, as opposed to your credit score, when examining consumer reports (background checks) to put together a picture of you, especially if you are being considered for a high-level or financial job.

The good news:
The impact of late payments diminishes over time. The formula typically goes like this: One year out, late payments are counted as 94 percent negative, at two years, 55 percent; three years, 32 percent; and by four years it's down to 20 percent negative.

Credit Score Blunders
-Account in Collections
-Court Judgments
-Foreclosure
-Bankruptcy
-Too Much Debt
-Late Payments
 


 


 

 

 

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