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The Basics of Credit Repair Process

The Basics of Credit Repair Process By having a credit card, you are using someone else’s money as payment for your purchases. You are swearing to repay the amount purchased. When applying for a loan, credit card or mortgage, it is normal for the agency to check your credit worthiness. This is based on the assessment of your... Continue Reading →

Bad Credit, Understanding the Basics

Many people have heard of bad credit, but some may not know what it means. For a long time, there was no established method for determining the credit activities of consumers. However, this all changed when a company called the Fair Isaac Corporation designed a credit scoring system that is called the FICO score. Because the three major credit agencies have different information on each consumer, the FICO score calculated by these agencies won't be exact.

What is a Credit Score?

A credit score is a number that signifies your credit information. This score is used by all financial institutions or individual lenders to assess the risk involved in giving you credit.

Your Rights & Your Credit

A good credit rating is very important. Businesses inspect your credit history when they evaluate your applications for credit, insurance, employment, and even leases. They can use it when they choose to give or deny you credit or insurance, provided you receive fair and equal treatment.

5 Myths About Credit & The Facts

Your credit score is an integral part of your financial life. It is important that you understand what it's all about. Lenders, landlords, insurers, utility companies and even employers look at your credit score. It is derived from what's in your credit reports, and it ranges between 300 and 850.

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