Lenders generally use the information from credit reporting agencies to determine the risk of a borrower when he/she applies for credit. Credit cards are essential in today’s society and when managed well are a great tool

Do you remember your schooldays when the evaluation of your work was received as a letter grade? Now that you are a grownup, there is another very important grade that should concern you.

Today, it is nearly impossible to rent an apartment, qualify for a home mortgage, purchase a new car or even get insurance without having a good credit score.

As consumers, we should approve of the idea that we have the ability to review our credit histories annually for free at the major credit reporting agencies. The top three credit reporting companies are: Equifax, Experian and TransUnion.

Credit holders, for various reasons, send credit repair letters to credit reporting agencies, collectors, or creditors. People write these letters for different reasons

The use of credit is crucial in the US economy. It keeps businesses and individual solvent by not having to strictly deal with cash. There are many reasons why people use credit: to buy a home, to buy a car or even to rent a home or to rent a car.

Have you ever stressed out because you made a late payment on a loan or a credit card? You’d be surprised at how many people who are just a few days late on their payment, become instantly worried that their tardiness

No one wants to make late payments on their credit cards or loans and negatively affect their credit report and score unless it’s absolutely necessary. What happens if it’s unavoidable?

The financial industry offers a long list of privileges to those who have an excellent credit score. If you are one of the privileged who have an excellent credit score

If you need to write a dispute letter to credit agencies, the Federal Trade Commission has a very good example of one posted on their website that you can use as a template. If you write a poor letter, it does not mean that you won’t get some results