A credit reporting agency is a repository of information that holds an individual’s credit or payment history. An individual’s credit report is created when a request for a report by a lender, credit card company or other authorized party requests it. Credit bureaus or credit reporting agencies hold the consumer's credit data in their databases. The data is always there but the credit report does not really exist until it is asked for. It is then compiled by the credit reporting … [Read more...]
Beware of the Little Things that can Hurt Your Credit Score
August 21, 2009 By Leave a Comment
Countless articles regarding credit inform consumers about the big events that can have a negative impact on their credit score. But, many consumers fail to realize all the little transactions or little known transactions that may have a fairly significant and harmful influence on their credit score. We all now the importance of good credit and a good credit score in our society with its wide ranging impact from credit and borrowing to employment to insurance and housing and more. Most … [Read more...]