Annualcreditreport.com Your Free Credit Report All consumers are entitled to a free credit report each year from each of the 3 major credit reporting agencies. These credit reporting powerhouses are: Poster, “Hold on to Your Social Security Card” – NARA – 514504 (Photo credit: Wikipedia) Equifax Experian Trans Union The process involves a screening procedure […]
Credit Reporting Judgments and Liens Credit Rules A new day has dawned. New credit reporting rules kicked in on July 1, 2017 creating drastic judgments and liens credit rules. From this day forward the reporting of 98 per cent of civil judgments and 50 per cent of tax liens will be forbidden. The presence of judgments or tax liens has always […]
Trended Data Credit Scores Credit scores are based on a snapshot of the data contained in your credit file at a given point in time. If you habitually carry a high balance close to the credit limit you can pay it off just before the statement closes for the month. The report submitted by the lender to […]
Credit reports are your financial scorecard. Information vital to lenders is rated and scored by FICO to determine your score. Understanding credit reports will help you score high.
FICO rules the roost of credit scoring. It is used by 90% of lenders. Vantage scores are good for educating consumers. Vantage scores are free and readily available on credit monitoring sites like CreditKarma.com. FICO credit scores, are powered by more analytics and are trusted by large, leading lenders like Fannie Mae and Freddie Mac. […]