The Fair Credit Reporting Act (FCRA) is a United States federal law that provides consumer protections and regulates the collection, distribution, accuracy and privacy regarding the use of consumer credit reports. The law was originally passed in 1970 and has been amended since. Companies that gather and sell information about consumers regarding where they work and reside, how they pay their bills, and whether they have public records filed make up the credit reporting industry. The FCRA … [Read more...]
The Basics on How to Improve Your Credit Score
May 6, 2009 By Leave a Comment
Your credit report and your credit score are extremely important these days. Your credit score will stay with you wherever you go. Your credit score is going to come up when it is time to apply for a mortgage, apply for a car loan, or even to get a job. If you learn how to check your credit report and you know how to improve your credit score, you will be in better position to obtain lower interest rate loans and credit cards as well as have more financial opportunities than someone who … [Read more...]
What is a Credit Report
May 4, 2009 By Leave a Comment
Knowing your credit report and its content is very important. There is a remarkable amount of dependence on credit in our society and credit reports now impact employment, housing, credit and more. To learn how you have handled credit in the past, most all creditors will obtain a report from a local credit reporting agency or credit bureau. Good credit is an integral part of an individual’s financial growth. A consumer credit report is a document that primarily contains a factual … [Read more...]