What are the biggest factors that make up a credit score?
Payment history (35%) Amounts owed (30%) Length of credit history (15%) New credit (10%) Credit mix (10%)
Who provides the credit scores?
Lenders normally check two credit scores: FICO and VantageScore.
Are there any other companies that offer credit reports.?
There are other companies* that offer credit scores but these are not official credit scores. That being said they can usually give you a nearly accurate representation of your true score. *(These companies will be in the resources section of the member site).
Who are the main credit reporting companies?
Experian Equifax Transunion
Free Weekly Reports Through April 2022
During the COVID-19 pandemic, accessing your credit is important. That’s why Equifax, Experian and TransUnion are continuing to offer free weekly online credit reports through AnnualCreditReport.com. Request your free credit reports 1. Fill out a form Fill out one form to request one, two, or three credit reports 2. Pick the reports you want […]
Starting or Rebuilding credit card offers.
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Why is it important to have good credit when I can just pay everything in cash?
There will be times when you cannot afford to pay in cash or will need a large amount of cash more then you can get access to. At this time you will want to have a proven record of establishing good credit and a track record. You do not want to get into establishing a […]
Does it cost money to dispute errors or correct information on my credit report?
It doesn’t cost anything to dispute mistakes or outdated items on your credit report. Both the credit reporting company and the information provider (the person, company, or organization that provides information about you to a credit reporting company) are responsible for correcting inaccurate or incomplete information in your report. To take advantage of all your […]
What do I do if I need to see what is on my credit report?
Each of the nationwide credit reporting companies — Equifax, Experian, and TransUnion — is required to provide you with a free copy of your credit report once every 12 months, if you ask for it. To order, visit annualcreditreport.com, or call 1-877-322-8228. You may order reports from each of the three credit reporting companies at the same […]
Fair Credit Reporting Act
MISSION: Consumer Protection LAW: 15 U.S.C. §§ 1681-1681x LINK: https://ecfr.federalregister.gov/ FILE: 545a_fair-credit-reporting-act-0918.pdf (659.69 KB) The Act (Title VI of the Consumer Credit Protection Act) protects information collected by consumer reporting agencies such as credit bureaus, medical information companies and tenant screening services. Information in a consumer report cannot be provided to anyone who does not […]