CREDIT » Credit Scores & Reports
Posted in Credit
, Credit Scores
Depending on who you talk to or what you read on the internet, canceling a credit card can be the best thing that could happen to your credit score, or the worst mistake you could possibly make. Neither of these opinions accurately reflects the way your credit score is actually calculated. Read More...
Posted in Credit
, Credit Reports
You can obtain one free credit report online per year from the three major credit bureaus since 2005 and the Read More...
Posted in Build Credit
, Credit
This post comes from Michael, chief editor of DoughRoller.net, which helps consumers find the best online discount brokers. If you Read More...
Posted in Credit
, Credit Scores
You know that your credit score, or FICO score, is a number that is used by lenders to evaluate your creditworthiness as a borrower. Read More...
Posted in Credit
, Credit Reports
By making payments on time, not defaulting on any loans and adhering to all rules and regulations of all of Read More...
Posted in Credit
We all know that your credit score is used to determine if you get accepted for a credit card. Did Read More...
Posted in Credit
, Credit Repair
The standard time you need to wait before error items are dropped from your report is usually seven years. Read More...
Posted in Credit
Revolving credit is more flexible and easier to obtain than installment credit. However, the interest rates for revolving credit are usually higher. In addition, the minimum payments are very low, so you have to be careful to avoid the debt trap. Read More...
Posted in Credit
One of the debates raging in the personal finance world is between those who believe it is possible to live Read More...
Posted in Credit
The debate has been going on for some time with no clear answer yet: Which is better, cash or credit Read More...
Free Credit Report
From the time you open your first credit account, the three major credit bureaus – Experian, Equifax, and Transunion -- keep an invisible paper trail of all of your account activity when it comes to credit and loans. Up until recently, many consumers did not know what information was contained in their credit report unless they were turned down for credit, and requested a copy from one of the major credit bureaus.
However, in 2005, the federal Fair Credit Reporting Act (FCRA) mandated that consumers were entitled to one free credit report a year from the three credit bureaus. You can get your free credit report by going to www.annualcreditreport.com, a free website that was set up jointly by the three major credit bureaus.
If you have ever applied for a credit card, mortgage, or auto loan, then you probably know that your credit history, as reflected in your credit report, makes a big difference it the interest rates you qualify for, or whether you qualify at all. Get your free credit report and make sure your credit profile is the best it can be.
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