Hi All,You've probably heard about something called a 'credit score' in the news lately. Click here for a fairly recent article about credit scores. (Specifically the big three credit reporting agencies are overhauling their credit reporting practices.)
But what exactly does a credit score do for you? Interestingly enough, this next article is from Wikipedia - and gives you a good summary of what is, and what is not, a credit score.
This next link is from myFICO.com and has a section about credit scores. What makes a good credit score you ask? Read on! Credit.com has a good summary of the credit score ranges for various credit agencies.
Note that there are 3 different major companies that generate credit reports: Experian, TransUnion and Equifax.
How can you get a free copy of your credit report you ask? Great question - click on this link to a get a copy of your credit report.
Readers might want to click on this next link which is from Bankrate.com - an unbiased source for information related to mortgages, bank rates, credit cards, insurance, investments, taxes, retirement, financial planning and much more - titled 'How to Read a Credit Report'.
You might want to click on this link from the FTC.gov which discusses credit reports in more detail.
Finally, the library has 9 books on the topic of consumer credit. Click on this link to see those titles that we have in the library.
Hope this helps you get a credit score that you need or want or deserve!
Regards,
Stu
