Credit reports are documents that contain your credit history, work history, and intimate personal information. Because there are three credit bureaus used in the USA, notably Experian, Equifax, and TransUnion, there can be differences between these reports. This is because creditors are not required by law to report to all of the credit reporting agencies…. Read More »
What is a Credit Report?
What are Credit Bureaus?
For many Americans applying for loans or credit from lending companies such as banks or retailers, creditworthiness plays a key role in determining the success of the application. Creditworthiness is usually determined by an applicant’s credit score, which is in turn dependent on several factors that point towards an applicant’s ability to pay back credit…. Read More »
Can I Get a Mortgage with Bad Credit?
Investing in a home is a major milestone for most people. The property might be eventually passed down through the generations. To purchase a home, however, buyers must qualify for a loan or mortgage. Buyers with bad credit may be wary about their chances with lenders, but there are ways to secure a loan with… Read More »
What is Considered a Good Credit Score?
Banks and lenders check the credit score of an individual before they grant a loan. It’s a crucial consideration that determines whether someone will get a loan. Also, credit scores will determine the interest rates and the loan amount that the lender can offer. Credit scores depend on the credit history, and can dictate the… Read More »
How Do Late Payment Affect Your Credit Score?
Among the things, most people strive to keep positive in life is their credit performance. You will never know the importance of a good credit performance until you reach out to your bank for a loan, and you can’t get an approval. Therefore, meeting your financial obligations early enough as expected should at all times… Read More »