The Credit Report is like your scorecard in the lending world. Every time you prepare yourself to acquire or purchase something that requires financial assistance from a lending institution, your credit report will be your "presentation card".
You also need to realize that other entities like employers and insurance companies often use your credit score to determine if they want to do business with you.
There are three credit bureaus where you can request a copy of your credit report (Equifax, Trans Union and Experian); and the information that you'll get with any of these three bureaus it's basically the same: your current and previous address, social security number, date of birth, current and previous employers and of course a list of every single open account you have with data like: credit limit, current balance, minimum payment, and your payment behavior.
Once the Credit Bureaus gather all your information, they give you a rating between 300 and 850, being 850 a perfect credit score. Each Credit Bureau makes its rating individually, and you will want to get the blended credit score at least once a year.
You can't assume that because one of your reports is showing accurate information that the other two will be showing the same. In fact, it's very common to discover discrepancies between the three reports.
Also, you must know that a credit score under 600 is consider very risky and a credit score above 700 is consider very good.
You should set a goal of keeping your credit score above 700 at all times, because excellent credit will lead you towards a better life.
Copyright ? 2005 Excellentcreditnow.com All Rights Reserved
Carmen Shearer is the President and CEO of S&S Financial Services. She has worked in the finance arena for over 10 years and holds two engineering degrees and an MBA from a branch of Harvard Business School. S&S Financial Services offers you credit repair tools and information with a lifetime guarantee. For more credit related information go to: http://www.excellentcreditnow.com
limousine chicago serviceIn order to determine a consumer's credit worthiness, creditors and... Read More
It is a well-publicized fact that more of us are... Read More
Consumers today are up to their eyeballs in debt. And... Read More
When you apply for credit one of the first things... Read More
There are a lot of questions about using credit cards.... Read More
Let's face it, if you are facing the possibilities of... Read More
STUDENT CREDIT CARDS With graduate debt averaging... Read More
Everyone hates late fees and being late will cost you... Read More
A good credit history is critically important for the consumer.... Read More
A credit report is run on a buyer when he... Read More
And some practical advice too!My first credit card?I remember my... Read More
Paying a credit card late fee is the same as... Read More
Companies that issue credit cards want to make a profit.... Read More
"Menis - the author translates as "indignant rage" - It... Read More
No doubt, you've probably gotten literally hundreds of credit card... Read More
Credit cards can be a very quick way of getting... Read More
Credit cards represent an important part of our financial lives.... Read More
Ah, the sweet rewards of using credit!Not only do you... Read More
When you apply for a loan or a mortgage, the... Read More
"Cut Your Payments in Half!" the headline screams. "Consolidate Your... Read More
Just when most people finish with school and can stop... Read More
Using a credit card wisely is an important step in... Read More
By Federal law, you are entitled to one free credit... Read More
It's the number one source of consumer complaints at the... Read More
Are you one of the thousands pulling your hair out... Read More
outdoor induction lights led street lighting retrofit Pete's produce ..Credit card consolidation is a popular solution for those with... Read More
Did you apply for a personal loan only to be... Read More
Thanks to the Fair and Accurate Credit Act, American consumers... Read More
In their quest to get you to sign up for... Read More
If you find that creditors are calling you almost daily... Read More
In this week's article, I am going to offer some... Read More
When you apply for a loan or a mortgage, the... Read More
Your credit is the most important thing you have other... Read More
Using a credit card wisely is an important step in... Read More
What are inquiries?When you apply for credit the creditor or... Read More
Have you ever wonder about how to get good credit... Read More
Having credit education is like knowing how to read. It... Read More
Credit card debt is a growing sickness in the United... Read More
Let's be crystal clear, right up front. Paying someone to... Read More
Not everyone has a positive experience with credit counseling. Potential... Read More
Do you know what your credit card is truly costing... Read More
Many employers are now looking at an applicant's credit report... Read More
The good thing about bad credit is that you can... Read More
The Fair Credit Reporting Act (FCRA) and the recent update... Read More
When I received my first credit card in the mail... Read More
Just when most people finish with school and can stop... Read More
The all important credit score! It determines the amount of... Read More
The articles and tips provided on this site are intended... Read More
How can I prevent Identity theft from happening to me?... Read More
As a consumer you've learned the importance of establishing a... Read More
Credit Credit |