|
Your credit report contains a wealth of information about your financial actions. If you have credit or loan accounts, those accounts, and how you pay them, are included in your credit report. It's important to review your credit report at least once a year so you know what your creditors are saying about you.
|
|
|
If you've ever purchased a three-in-one credit score, you might have noticed that your credit scores are different among the three credit bureaus. As if understanding your credit score wasn't difficult enough, having different credit scores makes it even tougher to understand. Here's a bit of an explanation.
|
|
|
Part of your credit score - 10% to be exact - considers the number of inquiries made for your credit report. Credit inquiries are placed on your credit report each time a business requests a copy of your report.
|
|
|
You know to get a physical checkup from the doctor once a year and a dental checkup twice a year, but just how often should you get a financial checkup? Just like a physical from the doctor reveals steps you should take to improve your health, a financial checkup helps you figure out how you can improve your finances. Checking your credit report is one way to decide what needs improvement.
|
|
|
Your credit report contains key information that identifies you and how you've paid your bills. Whenever you make a credit-based application, your credit report is viewed to help make a decision. That's one of the reasons that it's so important for you to check your credit report. If, for some reason, your information is reported incorrectly, it could cause you to be denied for services for which you would otherwise would have been approved.
|
|
|
This is a sample dispute letter that you can send to credit reporting agencies. Use this letter to request an update to or a deletion of inaccurate information on your credit report. Replace the italicized statements with your information.
|
|
|
Your credit score is a three-digit number that is used to predict how you will pay your bills. The score ranges from 300-850 and is calculated using your credit history information from your credit report.
|
|
|
After the mortgage meltdown in mid-2007, lenders cracked down on home equity loans, causing consumers to turn credit cards as a lending source. Credit card debt and delinquencies rose. Credit card companies, feeling the brunt of delinquencies, began cracking down on credit, increasing interest rates and credit card fees and decreasing credit limits.
|
|
|
How often do you set a goal to repair your credit or pay off your debt, work towards it for a few months, then forget about it? It's easy to push goals to the side, especially when they seem unattainable. With the right approach, you can reach any goal, including your financial ones.
|
|
|
A charge-off is one of the worst entries that can appear on your credit report. Creditors typically charge off seriously delinquent accounts that have not been paid on time for six months straight.
|
|
|
