The federal Fair Credit Reporting Act (FCRA) entitles every American to a free credit report each year. So, how do you get your free credit report?
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I’m in the process of getting a refinance. As part of the good times, my credit report was pulled. One of the ongoing frustrations with my credit report is all the double-reported loans.
When the issue of credit comes up, it is not uncommon to become a little confused at the difference between a credit report and a credit score. However, knowing the difference between the two, and understanding how they are related, is essential if you want to stay on top of your credit situation.
When you make financial mistakes, the negative items can remain on your credit report and affect your credit score. According to MyFICO, here is how long certain items remain on your credit report.
Our culture is increasingly becoming aware of the importance of credit, and of maintaining a good credit history. However, some still do not check their credit reports. They think that it is pointless, unless they actually plan to borrow a large sum of money.
It’s easy to get a little mixed up on the difference between a credit report and a credit score. Here are the basics of what to expect when your credit is considered.
Before applying for a loan to finance a new house, car or business venture, make sure you have seen your entire credit report. Are the data accurate and updated? Do you see figures that seem to be above or below what you have thought of?
One of the items that is most used in making judgments about your ability to handle credit, and make payments on time is your credit report. The infographic below is from Direct Lending Solutions, and offers an interesting look at your credit report, as well as your credit score.