Credit Rating | Credit Reports
Karen was frustrated when she realized that her purse had been stolen, but at that time she didn’t fully understand the significance as she was
about to become a victim of identity theft.
Checking Accounts and Credit
Are you aware that a simple checking
account can affect your credit rating? One or two checks returned for insufficient funds by your bank can make it next to impossible
to open an account at another bank ...
Common Credit Mistakes
Though it's common knowledge that a good credit score is the key to
low interest loans and credits cards, it's possible you've made a mistake that affects that credit rating without realizing it. Below
are the three most common mistakes consumers make when dealing with finances and credit...
Get Credit Reports
A credit report is often thought of as something that lenders use
when deciding whether or not to extend credit. That’s true—you won’t be able to apply for a credit card, car loan or mortgage without the
potential lender first checking to see if you’re a good credit risk. But there’s more...
Sample Credit Report
Understanding what your credit report says once you get it
requires understanding how your credit history is listed on the report itself. See a sample credit report page with explanations.
Credit Rating Facts
The credit rating is a snapshot of everything you’ve ever done
regarding the use of credit and your payment history. Fair Isaac Company (FICO) compiles all of this information and then applies a
complicated mathematical formula that calculates your credit rating. The formula is not public knowledge and this is done with the blessing
of the Federal Trade Commission.