CREDIT SCORES » Current Rates, News & Information

Acquiring auto loans has evolved into a relatively simple process with the advent of online applications. Once upon a time, Read More...

The credit bureaus compile information that is provided to them by your creditors, and use that information to calculate your credit score. Read More...

It’s not unheard of for anyone to find errors in their credit report for a variety of reasons. Identity theft or plain misinformation can attribute any number of errors to your credit history. Read More...

The good news is about having bad credit is that it is not impossible to refinance your home mortgage with bad credit. Read More...

In reality, however, there are actually three different credit scores on your record, one for each of the three consumer credit bureaus: Equifax, Experian and Transunion. Since each of the three credit bureaus collects and reports information independently, they may give you scores that differ, sometimes widely. Read More...

The credit bureaus keep an invisible paper trail of all of your account activity when it comes to credit and loans. When you make a payment on your credit card, or open a new account, this information is reported to the credit bureaus and added to your credit report. Read More...

90 day late payment will remain on your record for up to 24 months. While 30 and 60 day late payments diminish your credit score more in the month or months that they occur, as long as they’re isolated incidents, they don’t have a long-term effect. Read More...

If you are late on a payment by 30, 60, or 90 days, that will be noted in a credit report. If you default on a loan or a credit card, or if a bank has to “charge off” a debt that you incurred, those will be noted on the credit report as well. All of these factors will be analyzed when determining your three digit credit score. Read More...

What you might not realize is that plenty of other people are looking at your credit score besides creditors. There are plenty of other situations in which your credit score can play an important part in decisions that affect your life. Read More...

When you apply for a mortgage loan, one of the main things a prospective lender will look at, when determining your creditworthiness, is the average of your credit rating as it is presented by the three major national bureaus. Read More...