A credit inquiry essentially is an item that appears on your credit report to show that a business has requested a copy of your report.  For the business to make a request for your credit report, there must be a permissible purpose.  Various businesses have a permissible purpose for checking your credit report.  Potential employers [...]

A credit score, a numeric summary of your credit history, generally ranges between 300 and 850. But what does the number mean to you?
There is no single “cutoff” score used by all lenders, and there are many additional factors besides your credit score that lenders use to determine whether to give you credit and at [...]

The old saying money makes the world go around is truer today than ever before, and loans for everything from a house to a car is the way most people get the house of their dreams, and the ride they want. However, credit scores will indicate to lenders just what type of car or house [...]

A good credit rating is more than just an obscure number that will guarantee you credit when you need it.  These days, creditors aren’t the only folks taking a gander at credit scores.  Insurers, apartment managers, and even employers are referring to a person’s credit score to help them decide if they will offer premium [...]

Credit scores with the big three of Experian, Equifax and Trans Union is very important. High credit ratings with them enable loans such as mortgages, and credit cards to be easily applied for and gotten. Extension of credit in today’s society is more important than it is ever been. If a bad credit rating follows [...]

You may be like millions of other Americans and feel a little confused when it comes to your credit score. Maybe you’ve heard rumors about what a credit score is, what it means, or what a good score is. But the truth is some people are out there telling you the wrong information. Some people [...]

You may be like millions of other Americans and feel a little confused when it comes to your credit score. Maybe you’ve heard rumors about what a credit score is, what it means, or what a good score is. But the truth is some people are out there telling you the wrong information. Some people [...]

Banks use credit scores for a lot of decisions that most people are unaware of. A bad credit score rating will devastate a crediting rating, and that is why it is so important to know what role financial institutions decisions are, and the consequences it plays in everyday living. Banks can decide so many things [...]

You hear the term “credit score” used quite often.  It seems like most everything today requires a look at your credit score.  Creditors use the credit score in order to determine whether or not they should extend credit to you.  A loan officer will use your credit score to increase or decrease your interest rate.  [...]

It’s happened thousands of times to thousands of other people. It’s time to buy a new car or take out a home loan. You’re all happy and excited about your decision and you apply for a loan. You know it’s going to go through because your credit’s fine.
Then the credit report comes back and you [...]