Credit reports are used by financial companies to evaluate their customers for loans, mortgages, and other borrowings. They are also used by landlords, employers, and other interested parties to evaluate their clients. It is important to be aware of what is on your credit report so as not to face surprises in the future.
Easy Steps To Maintain A Good Credit Score
A good credit score can be an asset when you need it most. But if you don’t regularly monitor your credit status, your credit score can become a liability. Have you checked your credit report lately?
By law you are able to obtain a copy of your credit report free every 12 months from each of the three nationwide credit reporting agencies, Equifax, Experian, and TransUnion. The three companies have formed a central agency so that you can request a copy from all of them at o…
Are You A Credit Risk? No? Are You Sure?
You may not find out how bad your credit really is until you apply for a mortgage. Then you will quickly realize that the low interest rates everybody raves about these days, the rates that are a big part of the rising prices of real estate across America, don’t apply to everyone. To be specific, they don’t apply to you! If you have bad credit, you are not going to receive the same low interest rates on your home loan that your neighbor with good credit will.
Why not, you …
Are You Ready For A New Credit Scoring System?
Provides information and tips on the new credit scoring system which will be used by creditors and the three major credit bureaus in addition to the FICO score currently used.