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Credit Reports

Acting essentially as summaries of consumers’ credit information, credit reports carry quite a bit of importance these days. These reports, which are generated by the three major credit bureaus — Equifax, TransUnion and Experian — detail individuals’ payment histories, outstanding debts, and both their existing and closed credit accounts. All of the various pieces of information in a person’s credit report are used in calculating their credit score, which also is included in the report and is generally the main thing that prospective lenders, employers, landlords and other parties are looking for when they examine the report.

Because your credit report holds a lot of weight, it is definitely in your best interest to familiarize yourself with its contents and keep abreast of any changes to it that might occur over time. You can do this by occasionally ordering copies of the report from the aforementioned credit reporting agencies.

THIS NOTICE IS REQUIRED BY LAW. Read more at FTC.GOV. You have the right to a free credit report from AnnualCreditReport.com or 877-322-8228, the ONLY authorized source under federal law.

Loans

  • Options in Student Loan Terms

    Thousands of new students enroll in college every year. While this means that there are thousands of new people looking to begin their lives with excellent careers, it also means that thousands of new student loans will be taken out. While there are loans for all people from both government and private lenders, many people [...]

  • How to Do a Student Loan Consolidation

    Student loans can accrue quite quickly, and in many cases having multiple loans and multiple interest rates can result in unmanageable payments.  Having many payments, each with a different due date can result in late payments, which means penalties and extra charges.  In cases like this and even simply in cases where a former student [...]

Removing Collections From Your Credit Report

Published January 15, 2013 by

Sometimes, credit reports seem to play by their own rules. Rest assured, though; credit reports are definitely governed by rules and laws. Understanding this allows you better leverage when it comes to managing not only your credit report but the information contained within. This is particularly true with collections and how they appear on your [...]

How to Get Your Free Credit Report

Published January 8, 2013 by

In today’s job market it pays to have as much of a competitive edge as possible. When you are up for a job, not only are your education and skills under scrutiny, but your credit is also being reviewed to determine your overall quality and marketability. Therefore, it is critical that you understand what is [...]

Disputing Credit Report Errors

Published January 7, 2013 by

As the economic crisis unfolded in the last few years, many people began paying closer attention to their finances, and in conjunction with that, started to look more closely at their credit report. Now, with the increased awareness of identity theft and with student loan debt reaching its own crisis status, the need for consumers [...]

What Is Classified as a “Bad” Credit Score?

Published January 7, 2013 by

Possessing good credit is a necessity in our society if you want to have all kinds of different options open to you, and what ultimately determines the quality of your credit in the eyes of those who are concerned with it is your credit score. That score tells a story about you, your finances and [...]

Paid Debts and Your Credit Report: the Differences Between “Paid Collection,” “Paid Was Late” and “Paid Was Charged Off”

Published January 7, 2013 by

There are a number of things that have the ability to negatively affect your consumer credit report, including bankruptcy, foreclosure, collections, past due payments, late payments, repossession and credit rejections. Negative credit can stay on your credit file for up to seven years. Even worse, bankruptcies can remain on your credit report for 10 years. Needless to [...]

What Is the Credit Score Range?

Published January 7, 2013 by

Before applying for credit, you should learn your credit score. This score determines your attractiveness to lenders, which influences your likelihood of receiving a loan and the interest rate that you will have to pay. Different credit reporting agencies use different credit score ranges, but they all generally use the same criteria to come up [...]

Understanding Your Credit Report

Published January 7, 2013 by

Looking at your credit report will allow you to learn a great deal about your current financial situation. If you have credit cards or other loans, information on how your handling of them is being viewed by other potential lenders is shown in this report. It is important that you are aware of how lenders [...]

Credit Monitoring Services: Do You Need One?

Published January 7, 2013 by

Most financial experts agree that checking your credit report regularly is a smart idea. Monitoring your credit is an effective way to help prevent identity theft. If you want to improve your credit score and keep your personal data safe, you might be tempted to sign up for a credit monitoring service. According to the [...]

How to Improve Your Credit Score

Published January 7, 2013 by

If you are planning to buy a car or a house, your credit score is a very important number. Lenders use your score to determine your credit risk. Whether it’s a car loan, mortgage, credit card or even a mobile phone contract you’re after, the information on your credit report will be crucial in determining [...]