Credit Reports

How To Report Rent On Your Credit Report?

If a major portion of your monthly income goes to your house rent, you might be wondering whether these payments can help you improve your credit score. The answer is YES, as long as the rent payments are reported to the credit bureaus. However, if these payments are not reported, you won’t be able to enjoy an additional boost to your credit score. So, how do you know whether your rent is being reported? If it is not, how can you report your rental payments to the credit bureaus so they will reflect on your credit report? In this article, …

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Building Credit Using a Personal Loan: Dos and Don’ts

Building your credit score is important for several reasons. When your credit is in good standing, it will be less hassle to obtain a loan with a low-interest rate and advantageous repayment term. Moreover, many employers today look at your credit profile as part of the hiring process.  There are different approaches to build your credit score, and one of them is to take out a personal loan. Compared to credit cards, personal loan lenders like Personal Money Store offer more advantageous annual percentage rates to borrowers with no credit. The repayment scheme also makes it easier for you to …

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What Are The Benefits Of Having A Solid Credit Score?

As an adult, you probably have a pretty good idea of just how important your credit score is to your financial stability. The reality is that other than your social security number, your credit rating or score is the second most important number in your life. What you may not realize is how your credit can have such a profound effect on so many aspects of your life. In the sections below, the information is going to focus on how a good credit score can bring benefits to your life. It will also focus on defining a good credit score …

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Credit Reporting Rules

Credit reports and credit scores govern our lives, from applying for jobs to trying to get financing for a loan, what your credit report says about you can make a difference. There are rules regarding our credit reports and how items are reported, how often you can check your report, and how to get wrongful items removed. Most of this is governed by the Fair Credit Reporting Act of 1970 or the Fair and Accurate Credit Transactions Act of 2003. Credit Reporting Agencies There are three main credit reporting agencies, Equifax, Experian, and TransUnion. When items are reported to your …

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Have you Seen your Credit Report?

Every day, there are loads of people looking at some of the more attractive UK credit cards available – and wondering which is right for them. If this sounds like you, are you comfortable that you know enough about your credit report? There are many reasons why this is so important, but let’s start by taking a look at what it actually is. A credit report is simply a record or a history of all the dealings you’ve had with lenders in the past. If you’ve taken out a personal loan or credit card, had a mortgage or even had a mobile …

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How to Make Corrections on Your Credit Report

Credit reports and credit scores are used by lenders to determine whether or not they should lend you money and at what interest rate. They’re also used in the calculation of your car insurance premiums, when renting an apartment, and for some employment opportunities. Your credit report is involved in so much of your life’s decisions that it’s important to make sure the information it contains is correct. You could be paying the consequences due to errors in your report! What happens if you find errors on your credit report? You need to take the following steps to make corrections …

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Keeping Track Of Your Credit Without Any Cost To You

Americans are extended credit based on the credit scores that are posted. The credit scores represent the likelihood of an individual paying down debts. Financial institutions and credit card companies use the credit score to determine the potential risk of lending money to an individual. Those with higher credit scores and a history of timely repayment of debt will be more likely to be granted a higher extension of credit. Three Credit Reporting Companies There are three major credit reporting companies that keep track of credit histories: Equifax Transunion Experian The credit reports from these three agencies can differ. How …

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Understanding Small Business Credit Reports

Starting a business means having to not only building a reputation of reliability and quality but it also entails building a strong credit profile. Like personal credit reports and scores are essential for individuals, a business also must have a strong credit profile in order to secure financing, deal with vendors, and overall be trusted as a reliable, steady business entity. What Is a Business Credit Report? Business credit reports follow the same lines as a personal credit report but there are a variety of differences between the two. The primary service for US businesses is known as Paydex and …

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