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Credit Reports and Scores
There were 151 articles found in this category:
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- How do I cancel my credit monitoring product/service?
Credit.com partners with a variety of companies and credit bureaus that offer products that provide personalized credit score, reporting, monitoring, and identity theft protection services. If you have questions about your account with a credit reporting service or product you ordered, you will ...
- Who is TransUnion?
TransUnion, based in Chicago, Illinois, is the third largest credit bureau in the United States. Like major competitors Equifax and Experian, TransUnion markets credit reports directly to American consumers. TransUnion bills itself as a global leader in the credit and information management ser ...
- Who is FICO? (Who is Fair Isaac?)
Fair Isaac Corporation is a global provider of analytic, software and data management products and services, specializing in the credit analysis market. Fair Isaacs, more popularly known as FICO, is a pioneer in the credit scoring and credit account management fields, mainly providing credit sco ...
- Who is Experian?
Experian is most well known in the United States as a one of the three largest consumer credit reporting agencies, along with Equifax and TransUnion. Created by the successful merger of the former TRW Information Systems & Services and the CCN Group in 1996 by the British conglomerate, GUS plc. ...
- Who is Equifax?
Equifax Inc. (Equifax) is a consumer credit reporting agency in the United States, and is considered one of the three largest American credit reporting agencies along with Experian and TransUnion. Founded as Retail Credit Company in 1899, today Equifax is considered a worldwide leader in the inf ...
- What is the Credit Repair Organizations Act?
The Credit Repair Organizations Act (CROA) defines how credit repair organizations are allowed to operate. It is a myth that credit repair organizations are illegal. That is only true in Georgia where operating a credit repair organization is a misdemeanor. In every other state, it is perfectly ...
- Should I get all three of my free annual credit reports at the same time?
To get the most out of the free credit report provisions of the FACT Act, when you request your free credit reports from each of the three major credit reporting agencies, stagger them throughout the year rather than getting all three at once. This will give you a series of snapshots of your cre ...
- What is the Fair Credit Reporting Act (FCRA)?
The Fair Credit Reporting Act (FCRA) is the federal law that regulates how consumer credit reporting agencies can use your credit information and what measures they must take to protect this information. It defines when they can disclose your credit information and under what circumstances. Read ...
- What are my rights under the Fair Credit Reporting Act (FCRA)?
The FCRA was designed to ensure that consumer reporting agencies, or CRAs, “furnish correct and complete information to businesses to use when evaluating your application.” To help ensure the information is correct and complete, the Act ensures that consumers can check their own repo ...
- How do I order my free annual credit reports?
Under the FACT Act (also known as FACTA), all consumers are entitled by law to at least one free credit report every twelve months from each of the three credit bureaus. This important law also marks the first time in history that this information is available from a centralized source (AnnualCr ...
- Can you explain the following terms: "unwanted credit checks or inquiries" and "permissible purpose under the Fair Credit Reporting Act (FCRA)"?
The Fair Credit Reporting Act is the federal law that regulates how consumer credit reporting agencies can use your credit information. The section of the law that explains who is allowed to access your credit reports and why falls under section § 604. Permissible purposes of consumer repor ...
- Do lawsuits go on your credit report?
Lawsuits used to go on your credit report, but not any longer. The fact that you’re being sued does not go on your credit report. Judgments and liens, however, will appear on your credit reports and will affect your credit scores. Not sure where you stand? Check your credit reports and sc ...
- What is a credit score?
Your credit scores are generated from models that read the data from your credit reports. These models essentially summarize the information on your credit reports, making it easier for lenders to assess your credit risk and predict whether or not you will pay back credit obligations. Basically, ...
- I have bad credit what should I do?
You are not alone; millions of people have trouble with their credit. Before you can determine exactly how to improve your credit, you need to find out why your credit is poor in the first place. We recommend that you obtain copies of your credit reports and scores from all three of the credit ...
- What is a cosigner?
A cosigner is an additional person who signs a loan document and takes equal responsibility for the debt. Borrowers may want to use a cosigner if their credit or financial situation is not good enough to qualify for a loan on their own. Also, some borrowers may not earn enough to qualify for a l ...
- How will opening a new credit or loan account affect my credit scores?
How a new account will affect your scores depends on your particular credit history and on the type of new account you are opening. You can use our Credit Score Compass to evaluate how the change might impact your own credit. First, opening a new account will produce a credit inquiry on your cre ...
- Does my debit card or check card affect my credit score?
No, it does not. Your debit card and check cards are nothing more than plastic checks that access funds out of your checking account. Your checking account does not show up on your credit report, and therefore your debit and check cards will not show up either. Some people believe they can esta ...
- Can I open a checking account if I have bad credit?
Sure you can. But you might have a harder time opening one, especially if you’ve written bad checks in the past. Most companies, when you try to open a checking account, will check a completely different database besides your credit reports. This database, managed by a company called ChexS ...
- What is a collection account?
If you choose to stop paying on an account or debt, the lender may sell your account to a collection agency. This action turns a credit account into a collection account. Collection agencies specialize in collecting money from people who don’t want to pay. One of the ways they can convince ...
- What is public record information?
Public record information is different from loan and account records. First off, there are no lenders to report it. Courthouses aren’t staffed to send in all of your credit-related public records to the credit bureaus. Second, not all public records make it on your credit reports. In fact, ...
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