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Category Archives: Credit Report
Why Is It Important To Know My Credit Score?
Why is it important to know my credit score? The credit score is a measure of your credit-worthiness, or your ability to acquire new credit. Credit scores can range from the lowest score of 300 to the highest, 850. If you have a low credit score, you may have trouble getting approved for loans or … Continue reading
Rating an Equifax Free Credit Score Report
An Equifax free credit score report is a most useful tool if you want to find out where you are in terms of credit standing. More importantly, the report is commonly used by different credit agencies when making a decision on whether or not to extend a requested credit to a given lender. In this … Continue reading
How fast do credit card companies report changes?
I have paid down some balances already for some time but the changes are not appearing on my credit report. I’m not pulling up my credit however, I have alerts when my scores go up or down or if there’s inquiries etc. Do I have to ask them to report the change in balance? Why … Continue reading
How does an never used credit card report on your credit report?
If I have a credit card that I do not use, how does this account reflect on my credit report? Does it show an open account in good standing? It shows on your credit report as X number of dollars credit allowed, zero for maximum use and zero for outstanding balance. But it does a … Continue reading
How to Remove a Key Derogatory Item From Your Credit Report:
Derogatory items listed on one’s Credit Reports lower one’s credit score; and therefore, make the borrower unable to obtain credit from banks, merchants or business creditors. Bankruptcies and foreclosures, which can be the worst derogatory marks in the Credit Reports, and can stay listed for ten years, can be removed; the collection account, which stays … Continue reading