Archive for category Non Fiction
Consumer Credit Report – Do You Know What Yours Says?
Posted by admin in Non Fiction on January 26, 2010
John Mcfadden asked:
A consumer credit report is the annual assessment of each person’s credit standing. By knowing what is on your you can get a lot of benefits when you go to get credit based services like loans, credit cards and even rent and phones.
Each year, by law, American citizens are entitled to obtain a free copy of their annual consumer credit report which basically details their credit risk profile. This allows companies who are considering extending some type of credit to the consumer to make an educated decision on the risk of that transaction. The better the credit of the consumer, then the better chance that company has of being paid back by the consumer.
By having a good credit report, a consumer can gain advantages such as cheaper loans and credit cards and avoid the embarrassment of being rejected for things like rental apartments and telephone contracts.
There are three companies which can offer a free consumer credit report (Experian, TransUnion, and Equifax) and are legally obliged to offer that annually.
By knowing what is in your credit report, you can negotiate for better credit condition (if you’re report is good) or you can strive to repair your credit by challenging inaccurate or false items on your report.
To do that, you simply need to obtain a copy, unfortunately you need to actually a report from all three credit bureaus. Why, because lenders don’t report to each bureaus, they just report to one with your past financial information – so if you only obtain a copy of one report then you will not have your complete financial position and history, it is recommended that you get all three reports – they way you know where you stand and you start improving nay negative information, it is common for your personal information to be old or incorrect.
Make sure you update them with your correct address. Be sure not to use companies that claim they can quickly improve your credit score, they are most likely to be scammers.
Assess the items on it that are negatively affecting your credit score and challenge those items to the relevant consumer reporting company. That company is then legally obliged to pursue the matter.
The thing is that challenging your credit report takes knowledge and time and so it may often be a better option to hire a credit reporting company to do the leg work on your behalf.
It’s essential you know how lenders will read and give weight to different parts of your Credit Report:
The American company FiCO has a tool that helps credit bureaus determine your credit score – below is the matrix that is used:
Payment History 35%
Amount Owed 30%
Length of Credit History 15%
New Credit 10%
Types of Credit Used 10%
Such companies know exactly what can be challenged as well as how to do it and who to contact about your credit.
By having a good credit report, you can make your own life a lot easier and cheaper in the long run.
Hopefully this article has been helpful for you and you will now know exactly what yours says.
DAMIEN
A consumer credit report is the annual assessment of each person’s credit standing. By knowing what is on your you can get a lot of benefits when you go to get credit based services like loans, credit cards and even rent and phones.
Each year, by law, American citizens are entitled to obtain a free copy of their annual consumer credit report which basically details their credit risk profile. This allows companies who are considering extending some type of credit to the consumer to make an educated decision on the risk of that transaction. The better the credit of the consumer, then the better chance that company has of being paid back by the consumer.
By having a good credit report, a consumer can gain advantages such as cheaper loans and credit cards and avoid the embarrassment of being rejected for things like rental apartments and telephone contracts.
There are three companies which can offer a free consumer credit report (Experian, TransUnion, and Equifax) and are legally obliged to offer that annually.
By knowing what is in your credit report, you can negotiate for better credit condition (if you’re report is good) or you can strive to repair your credit by challenging inaccurate or false items on your report.
To do that, you simply need to obtain a copy, unfortunately you need to actually a report from all three credit bureaus. Why, because lenders don’t report to each bureaus, they just report to one with your past financial information – so if you only obtain a copy of one report then you will not have your complete financial position and history, it is recommended that you get all three reports – they way you know where you stand and you start improving nay negative information, it is common for your personal information to be old or incorrect.
Make sure you update them with your correct address. Be sure not to use companies that claim they can quickly improve your credit score, they are most likely to be scammers.
Assess the items on it that are negatively affecting your credit score and challenge those items to the relevant consumer reporting company. That company is then legally obliged to pursue the matter.
The thing is that challenging your credit report takes knowledge and time and so it may often be a better option to hire a credit reporting company to do the leg work on your behalf.
It’s essential you know how lenders will read and give weight to different parts of your Credit Report:
The American company FiCO has a tool that helps credit bureaus determine your credit score – below is the matrix that is used:
Payment History 35%
Amount Owed 30%
Length of Credit History 15%
New Credit 10%
Types of Credit Used 10%
Such companies know exactly what can be challenged as well as how to do it and who to contact about your credit.
By having a good credit report, you can make your own life a lot easier and cheaper in the long run.
Hopefully this article has been helpful for you and you will now know exactly what yours says.
DAMIEN
Credit Report Myths You Need to Know
Posted by admin in Non Fiction on October 24, 2009
John Mcfadden asked:
There is an increasing amount of wrong information and scams that are getting people in trouble when getting their credit report. Know the Myths what is the key information.
If I check my credit report will that harm my score?
While is if false that check this will damage your report it can if you access it the wrong we, be careful who you use to check your report, for example using a company that promises credit reports as a benefit can actually do you damage.
There are two types of ways you can access your report – one is a hard pull and other is a soft pull. A hard pull is when a bank or lender calls up to see if they cant grant you credit this is marked down as a hard pull. When you call up to get your report or score it’s only classed as a soft pull.
Only citizens can go directly to the three bureaus and get their score – if a company acts on your behalf and they do it incorrect then that will hurt you – make sure you insist this in your agreed terms.
My Credit score will be Locked in for six months.
This is incorrect, your score is a living dynamic piece of information that is updated instantly. As soon as an updated piece of information hit the FICO database (Fair Isaac Corp) your file will then be updates.
Each Credit Report are the same as each other.
This is probably one of the biggest myths out there, people think they just need to access their credit report form one of the main bureaus and then they will have all the correct information – this is incorrect in two ways.
Firstly, most Creditors report their information on you but this was not the case in the past – so many credit reports don’t have all your information, and even if they somehow do have all this financial information then your personal details will no doubt be incorrect.
The creditors might report your information to all 3 bureaus they will not update your information to all 3, so there’s a good change your address or other personal information is wrong and outdated, so you need to get your credit report form all three bureaus.
The best way to do this is get them all at the same time then get updated copies for each one individually every 4 months – this way you can be sure you have all your information and can go about correcting and updating it.
You will ant to do this so you give yourself the best possible chance of getting a loan and making sure they have the correct information.
Credit Counseling can destroy Your Credit Score
This is false but you need to be aware of a few additional things.
You need to be sure how a renegotiated loan is being reported. When you attend a Credit Councilor Debt Management program you need to be sure that the lender correctly reports that you are now paying a lesser amount so the original amount need to be readjusted so you don’t get marked down as being in arrears.
I hope a few Credit Report Myths have been cleared up.
STEPHEN
There is an increasing amount of wrong information and scams that are getting people in trouble when getting their credit report. Know the Myths what is the key information.
If I check my credit report will that harm my score?
While is if false that check this will damage your report it can if you access it the wrong we, be careful who you use to check your report, for example using a company that promises credit reports as a benefit can actually do you damage.
There are two types of ways you can access your report – one is a hard pull and other is a soft pull. A hard pull is when a bank or lender calls up to see if they cant grant you credit this is marked down as a hard pull. When you call up to get your report or score it’s only classed as a soft pull.
Only citizens can go directly to the three bureaus and get their score – if a company acts on your behalf and they do it incorrect then that will hurt you – make sure you insist this in your agreed terms.
My Credit score will be Locked in for six months.
This is incorrect, your score is a living dynamic piece of information that is updated instantly. As soon as an updated piece of information hit the FICO database (Fair Isaac Corp) your file will then be updates.
Each Credit Report are the same as each other.
This is probably one of the biggest myths out there, people think they just need to access their credit report form one of the main bureaus and then they will have all the correct information – this is incorrect in two ways.
Firstly, most Creditors report their information on you but this was not the case in the past – so many credit reports don’t have all your information, and even if they somehow do have all this financial information then your personal details will no doubt be incorrect.
The creditors might report your information to all 3 bureaus they will not update your information to all 3, so there’s a good change your address or other personal information is wrong and outdated, so you need to get your credit report form all three bureaus.
The best way to do this is get them all at the same time then get updated copies for each one individually every 4 months – this way you can be sure you have all your information and can go about correcting and updating it.
You will ant to do this so you give yourself the best possible chance of getting a loan and making sure they have the correct information.
Credit Counseling can destroy Your Credit Score
This is false but you need to be aware of a few additional things.
You need to be sure how a renegotiated loan is being reported. When you attend a Credit Councilor Debt Management program you need to be sure that the lender correctly reports that you are now paying a lesser amount so the original amount need to be readjusted so you don’t get marked down as being in arrears.
I hope a few Credit Report Myths have been cleared up.
STEPHEN
Before You Get A Credit Report Know This
Posted by admin in Non Fiction on August 31, 2009
John Mcfadden asked:
Getting your free credit report online is not easy straight forward you you might think, there are plenty of things you need to know – like being aware of the current scams in the targeting consumers, you need to get the 3 credit reports from all three major Credit Bureaus, you need to get your report every four months, you need to know about identity theft, and more.
A credit report is essential – you know that you need to have a good one – or a good credit score to be able to access credit, but do you know the key information that banks or lenders look at on your report when they are assessing gif they will lend you month or not?
The American company FiCO has a tool that helps credit bureaus determine your credit score – below is the matrix that is used:
Payment History 35%
Amount Owed 30%
Length of Credit History 15%
New Credit 10%
Types of Credit Used 10%
So you need to go though your report and look at these areas and concentrate on the ones at the top of the list. If they don’t look that healthy then maybe leave applying for a loan for at least six months – in that time frame you can look at areas to improve your credit score.
Current Credit Report Scams
There are a few scams on the internet at the moment – they will advertise a free credit report and then slug you will a service fee. Be sure that when you apply for you credit report you are sure about the additional services that they are selling to you – make sure you read all there documentation and be sure not to sign up to anything you are not sure about. Also, watch out for this one where you can get caught by supplying personal inforamtion. It works by you providing information via an online form requesting to receive a credit report. What actually happens is that your personally identifiable information is captured by the Scammers who pose as a business.
Get your correct Credit Report Information
You need to get a report form all three credit report bureaus, why you asK? because your past loan and debt information may only be on one of the reports – by law lenders have to report you financial info but only to one bureau, so if you get your report form another bureau then you don’t have access to all your financial history – so you will not be able to firstly correct wrong information but you wont get a clear assessment of where you stand, so when you apply for a loan you could be rejected. You need to get your report form all three bureaus and also make sure you keep getting the reports every 4 months – as different information will come in at different times, the best way to get your info is first apply for your report at all three bureaus and then get an addition one for each agency one-by-one every four months. This way, after a year you will be sure to have a full picture of where you are at.
I hope this information on getting your credit report was of value and you see the importance of your credit report and credit score.
BILLY
Getting your free credit report online is not easy straight forward you you might think, there are plenty of things you need to know – like being aware of the current scams in the targeting consumers, you need to get the 3 credit reports from all three major Credit Bureaus, you need to get your report every four months, you need to know about identity theft, and more.
A credit report is essential – you know that you need to have a good one – or a good credit score to be able to access credit, but do you know the key information that banks or lenders look at on your report when they are assessing gif they will lend you month or not?
The American company FiCO has a tool that helps credit bureaus determine your credit score – below is the matrix that is used:
Payment History 35%
Amount Owed 30%
Length of Credit History 15%
New Credit 10%
Types of Credit Used 10%
So you need to go though your report and look at these areas and concentrate on the ones at the top of the list. If they don’t look that healthy then maybe leave applying for a loan for at least six months – in that time frame you can look at areas to improve your credit score.
Current Credit Report Scams
There are a few scams on the internet at the moment – they will advertise a free credit report and then slug you will a service fee. Be sure that when you apply for you credit report you are sure about the additional services that they are selling to you – make sure you read all there documentation and be sure not to sign up to anything you are not sure about. Also, watch out for this one where you can get caught by supplying personal inforamtion. It works by you providing information via an online form requesting to receive a credit report. What actually happens is that your personally identifiable information is captured by the Scammers who pose as a business.
Get your correct Credit Report Information
You need to get a report form all three credit report bureaus, why you asK? because your past loan and debt information may only be on one of the reports – by law lenders have to report you financial info but only to one bureau, so if you get your report form another bureau then you don’t have access to all your financial history – so you will not be able to firstly correct wrong information but you wont get a clear assessment of where you stand, so when you apply for a loan you could be rejected. You need to get your report form all three bureaus and also make sure you keep getting the reports every 4 months – as different information will come in at different times, the best way to get your info is first apply for your report at all three bureaus and then get an addition one for each agency one-by-one every four months. This way, after a year you will be sure to have a full picture of where you are at.
I hope this information on getting your credit report was of value and you see the importance of your credit report and credit score.
BILLY
Why A Lender May Not Accept Your Recent Credit Report
Posted by admin in Non Fiction on November 25, 2008
Terry Parker asked:
Everyone knows that when you shop for a car, house, or anything else you plan on purchasing using credit, the terms and rates will be dependent on your credit rating. Therefore, many consumers will pull a personal credit report to use when shopping around to see what type of deal a merchant, creditor or lender may be able to give them.
Many consumers like to use a personal credit report when shopping for two reasons. One reason is that consumers know that inquiries into their credit history can lower their credit score. So it is very beneficial to keep credit inquiries to a minimum. Also the consumer may have to pay a credit report fee to the lender or creditor when they pull a credit report.
But consumers often wonder why a creditor will not accept a recent credit report especially when it was recently obtained. Consumers will find out that a creditor or lender may use the recent consumer report at first just to give an estimate of what terms and rates may be available but before an actual sale or transaction can occur the creditor or lender will need to pull another report. There are several reasons why another report will be needed.
A creditor or lender must always take action to protect itself and its investors by performing the proper due diligence on each deal and this includes pulling all consumers credit reports directly. With technology today it would be very easy for someone to fabricate a consumer credit report. This could even be as easy as electronically cutting and pasting a name on the credit report of another person. A creditor or lender must take precaution and pull a credit report directly to protect everyone. This adds an extra layer of protection for everyone. Identity theft is on the rise and the FBI has declared it a national epidemic.
Another reason is because the report that a lender or creditor may receive is very different from the consumer report. A basic consumer report is what an individual gets when they order their own credit history. This report can be obtained from a local credit bureau or from one of the big three: Experian, Equifax, or Transunion. The costs for these typically range from $8 to $15. Typical consumer reports contain basic personal information, some employment history, different credit accounts, some credit history and may include a credit score.
A merchant on the other hand will pull a full merchant report that will contain more information than a basic consumer report and will provide it with more detailed breakdowns. The merchant report will also show a complete FICO scoring system rating for the applicant which will include a full detailed credit history breakdown. In essence the lender or creditor has a full merchant scored report which is much more accurate than a regular consumer report. So a personal consumer report may be used to shop around to learn what may be available. But if you are serious about a purchase and want to see exactly what terms and rates you can get be prepared to have a full merchant report pulled. The good news is that you may be able to get a better deal than you thought was possible based on your consumer report.
Website content
Everyone knows that when you shop for a car, house, or anything else you plan on purchasing using credit, the terms and rates will be dependent on your credit rating. Therefore, many consumers will pull a personal credit report to use when shopping around to see what type of deal a merchant, creditor or lender may be able to give them.
Many consumers like to use a personal credit report when shopping for two reasons. One reason is that consumers know that inquiries into their credit history can lower their credit score. So it is very beneficial to keep credit inquiries to a minimum. Also the consumer may have to pay a credit report fee to the lender or creditor when they pull a credit report.
But consumers often wonder why a creditor will not accept a recent credit report especially when it was recently obtained. Consumers will find out that a creditor or lender may use the recent consumer report at first just to give an estimate of what terms and rates may be available but before an actual sale or transaction can occur the creditor or lender will need to pull another report. There are several reasons why another report will be needed.
A creditor or lender must always take action to protect itself and its investors by performing the proper due diligence on each deal and this includes pulling all consumers credit reports directly. With technology today it would be very easy for someone to fabricate a consumer credit report. This could even be as easy as electronically cutting and pasting a name on the credit report of another person. A creditor or lender must take precaution and pull a credit report directly to protect everyone. This adds an extra layer of protection for everyone. Identity theft is on the rise and the FBI has declared it a national epidemic.
Another reason is because the report that a lender or creditor may receive is very different from the consumer report. A basic consumer report is what an individual gets when they order their own credit history. This report can be obtained from a local credit bureau or from one of the big three: Experian, Equifax, or Transunion. The costs for these typically range from $8 to $15. Typical consumer reports contain basic personal information, some employment history, different credit accounts, some credit history and may include a credit score.
A merchant on the other hand will pull a full merchant report that will contain more information than a basic consumer report and will provide it with more detailed breakdowns. The merchant report will also show a complete FICO scoring system rating for the applicant which will include a full detailed credit history breakdown. In essence the lender or creditor has a full merchant scored report which is much more accurate than a regular consumer report. So a personal consumer report may be used to shop around to learn what may be available. But if you are serious about a purchase and want to see exactly what terms and rates you can get be prepared to have a full merchant report pulled. The good news is that you may be able to get a better deal than you thought was possible based on your consumer report.
Website content
How To Read Your Personal Credit Report
Posted by admin in Non Fiction on October 16, 2008
John Edmond asked:
You would be surprised at how many people could not tell you what their credit score is, or how many people know nothing about credit reports in general. There is a fear of numbers out there, and a lack of knowledge that is causing people to lose track of their finances. Even those few who do actually pull their credit reports don’t know how to read them. There are some basics that you should know when trying to read a credit report.
The first thing you need to be aware of is if your credit report is pulled by someone else other than yourself it will result in a credit inquiry on your report, which could affect your credit score. You will not be notified of this at all. The inquiry often counts as a penalty and will make a small difference on your score.
When you look at the top of a credit report, you will see the words “Prepared For” as well as “Attention.” Prepared For will tell you what lender the credit report was actually made up for (who pulled the report), while the Attention blank will give you the actual name of a person and not just the company. Usually the Purpose of the Loan is also shown; and the Report Type will explain whether the credit report is for an individual or for a joint partnership.
Other sections that will be included on your credit report will be: Mortgage/Landlord Verification, Credit Summary (this can be the scary section), Vendor Errors (located right under the Credit Summary so you don’t look completely incompetent, often times, depending on the section, they do), and Scoring. There is sometimes a reason that is labeled as to why the score is what it is, but not always. There is no rhyme or reason for these reports; the entire field is clearly not rocket science.
The Vendor Information works on a number score basis, and these scores will be listed. A 0 will mean that the account is too new to rate for that vendor, a 1 will mean that you paid them, 2-6 will tell how many days you have been blowing the vendor off (for instance 5 means 120 days past due), 7 shows that you are bankrupt, 8 means that they had to come to your home and take away your things (repossession), and 9 means that you have bad debt issues.
If you get an X that means that they don’t have any information on you – yet. If you see an N this will mean that you have a zero balance. Make sure that you have provided the right calming essentials when reading this part of the report because a number 2-9 could give you a really bad day, or headache, take your pick.
Trying to untangle your credit report can be, at the very least, frustrating and discouraging. There are benefits to it though. By learning to read your credit report you are taking control of your financial well being and not leaving it in the hands of chance. Be patient and try to understand what you’re reading. In the long run it will be worth it to you to figure it all out. By following these few steps you may find yourself coming out well ahead of the rest of the pack.
Kansieo.com
You would be surprised at how many people could not tell you what their credit score is, or how many people know nothing about credit reports in general. There is a fear of numbers out there, and a lack of knowledge that is causing people to lose track of their finances. Even those few who do actually pull their credit reports don’t know how to read them. There are some basics that you should know when trying to read a credit report.
The first thing you need to be aware of is if your credit report is pulled by someone else other than yourself it will result in a credit inquiry on your report, which could affect your credit score. You will not be notified of this at all. The inquiry often counts as a penalty and will make a small difference on your score.
When you look at the top of a credit report, you will see the words “Prepared For” as well as “Attention.” Prepared For will tell you what lender the credit report was actually made up for (who pulled the report), while the Attention blank will give you the actual name of a person and not just the company. Usually the Purpose of the Loan is also shown; and the Report Type will explain whether the credit report is for an individual or for a joint partnership.
Other sections that will be included on your credit report will be: Mortgage/Landlord Verification, Credit Summary (this can be the scary section), Vendor Errors (located right under the Credit Summary so you don’t look completely incompetent, often times, depending on the section, they do), and Scoring. There is sometimes a reason that is labeled as to why the score is what it is, but not always. There is no rhyme or reason for these reports; the entire field is clearly not rocket science.
The Vendor Information works on a number score basis, and these scores will be listed. A 0 will mean that the account is too new to rate for that vendor, a 1 will mean that you paid them, 2-6 will tell how many days you have been blowing the vendor off (for instance 5 means 120 days past due), 7 shows that you are bankrupt, 8 means that they had to come to your home and take away your things (repossession), and 9 means that you have bad debt issues.
If you get an X that means that they don’t have any information on you – yet. If you see an N this will mean that you have a zero balance. Make sure that you have provided the right calming essentials when reading this part of the report because a number 2-9 could give you a really bad day, or headache, take your pick.
Trying to untangle your credit report can be, at the very least, frustrating and discouraging. There are benefits to it though. By learning to read your credit report you are taking control of your financial well being and not leaving it in the hands of chance. Be patient and try to understand what you’re reading. In the long run it will be worth it to you to figure it all out. By following these few steps you may find yourself coming out well ahead of the rest of the pack.
Kansieo.com
Personal Credit Report via The Internet
Posted by admin in Non Fiction on August 21, 2008
Mika Hamilton asked:
Many people are under the assumption that personal credit reports are private and can not be accessed by anyone else. However, this is simply not true.
A credit report is comprised of different information. All the information mentioned in your credit report is very important. Not only can your credit be tracked but in some cases so can your investments.
For example, there will be some identifying information like your name, address, Social Security number, date of birth and employment information. The Fair Credit Reporting Act states that your personal credit report can be obtained for any purpose. Businesses, friends, family, and future employees can take a look at your credit report at anytime.
There is at least another case to consider which will help consumers. The private citizens can access the personal credit report of any business that they are considering using in the future.
This loophole has created a huge market for the top three credit bureaus. They can easily sell your credit report for a full profit to anyone with or without your permission.
The reason why the Credit Reporting Agency has these rules that basically work against customers right is because people do not know that their personal credit reports can be obtained so easily, and the people who do know do not care.
Another problem arises from this lack of privacy – that criminals can access your credit report and then use your credit information including your name, address, and social security number. The best way to make sure you are not being taking advantage of is to obtain a copy of your own personal credit report and check it for errors.
Ignoring problems will only lead to more problems. Credit Bureaus are not very forgiving of identity fraud. If your credit score is low it can take a long time to repair and you have no real alternative but to wait and be patient.
As technology advances there will continue to be problems with criminals accessing personal credit reports and use them in illegal ways. Unless, we speak to our governmental officials, our credit and private information will be readily available to anyone who can pay the 9 dollars to access it. According to state law, all credit reporting agencies are required to provide you with two free copies of your personal credit report. You can do this by phone or online with Annualcreditreport.com, Equifax.com, and Experian.com. Remember to know your rights as a private citizen, and understand that information you believe to private may not be. Being educated and informed is the best way to prevent identity fraud and save your credit score.
Credit scores can affect your ability to just about anything including investing. People with local credit scores are considered high risk to investment companies and they would rather not deal with people who they may lose money too in the long run. Make sure your credit report is correct and up to date before you start investing.
Caffeinated Content – Members-Only Content for WordPress
Many people are under the assumption that personal credit reports are private and can not be accessed by anyone else. However, this is simply not true.
A credit report is comprised of different information. All the information mentioned in your credit report is very important. Not only can your credit be tracked but in some cases so can your investments.
For example, there will be some identifying information like your name, address, Social Security number, date of birth and employment information. The Fair Credit Reporting Act states that your personal credit report can be obtained for any purpose. Businesses, friends, family, and future employees can take a look at your credit report at anytime.
There is at least another case to consider which will help consumers. The private citizens can access the personal credit report of any business that they are considering using in the future.
This loophole has created a huge market for the top three credit bureaus. They can easily sell your credit report for a full profit to anyone with or without your permission.
The reason why the Credit Reporting Agency has these rules that basically work against customers right is because people do not know that their personal credit reports can be obtained so easily, and the people who do know do not care.
Another problem arises from this lack of privacy – that criminals can access your credit report and then use your credit information including your name, address, and social security number. The best way to make sure you are not being taking advantage of is to obtain a copy of your own personal credit report and check it for errors.
Ignoring problems will only lead to more problems. Credit Bureaus are not very forgiving of identity fraud. If your credit score is low it can take a long time to repair and you have no real alternative but to wait and be patient.
As technology advances there will continue to be problems with criminals accessing personal credit reports and use them in illegal ways. Unless, we speak to our governmental officials, our credit and private information will be readily available to anyone who can pay the 9 dollars to access it. According to state law, all credit reporting agencies are required to provide you with two free copies of your personal credit report. You can do this by phone or online with Annualcreditreport.com, Equifax.com, and Experian.com. Remember to know your rights as a private citizen, and understand that information you believe to private may not be. Being educated and informed is the best way to prevent identity fraud and save your credit score.
Credit scores can affect your ability to just about anything including investing. People with local credit scores are considered high risk to investment companies and they would rather not deal with people who they may lose money too in the long run. Make sure your credit report is correct and up to date before you start investing.
Caffeinated Content – Members-Only Content for WordPress