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September 1, 2011
History, Report and Score
What is a credit reports you ask ? A credit report is one of the most important parts of your financial life. In order for companies, such as potential lenders, to know what type of risk you are to them, they want to know about your past credit usage. Lenders use risk to determine if they should loan to you, [...]
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September 1, 2011
History, Report and Score
Here we will cover what is a credit scores. A credit score, or FICO score, is a numerological representation of your credit history. As a consumer, you should know that lenders gather your information and share it between them. To do this, lenders use credit bureaus. These agencies collect your credit usage information and store it into a file. Lenders [...]
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