Credit Report, Credit Score & Credit Rating

Credit Reports Your credit report is a snapshot of your financial history. It is an important, independent summary of your financial health that lenders use to determine if and how much they are willing to lend you. Learn more about credit reporting now. Credit Score A credit score is an objective summary of the information contained in your credit report at a particular point in time.

Learn how your credit score plays a crucial role in major life decisions from auto financing to buying a new home. Credit Monitoring Learn more about the importance of credit monitoring. With credit monitoring you can spot identity theft, correct inaccuracies and receive alerts when your credit report changes. Identity Theft and Fraud Identity theft is a serious crime that happens more often than you might think.

Learn more about how to protect your personal information and find easy tips for preventing identify theft and credit fraud. Credit Cards Learn how credit cards affect your credit score. There is a wide range of credit cards available that can help you establish better credit. Debt and Money Management Simple ways you can take control of your finances. Read our useful tips for making a budget, reducing your debt and building a brighter financial future. Mortgage Financing a home may be the most important investment you make. Learn more about one of the biggest financial decisions of your life.

Banks report to credit agencies, so make sure that you pay your debt on time to have your credit score improved. 6. Join clubs which charges annual fees and those that report to credit bureaus. Just make sure that you meet all the club’s requirements. Some clubs arrange for financing, and if you receive credit, pay your debt on time. This is also one way to improve your credit score.

If you follow the tips mentioned, you’re on your way to repairing your credit report. Your credit score is your only way to getting finance on credit, so make sure that once you’ve improved it, stay on the right track and avoid getting bad debt again. Maintaining a high credit score entails great responsibility and discipline. Start now, while you still have room for improvement.

Understanding the scale that is used to compare one credit score to other credit scores is essential. The credit score scale is a fundamental tool of all credit services and can come into play when you’re looking for a job, buying an expensive product, or looking for a loan. Luckily, the credit score sale is very easy to understand, even if you don’t have much experience with financial products.

760 and up is considered to be excellent and requires a long credit history with on-time payments and the right types of credit combined with low amounts of overall dept. 700-759 is considered very good, while 600-699 is considered good. 620-659 would be considered “not good,” 580-619 is “poor”, and 579 and below is “very poor.” The lowest credit scores on the scale go to people with major negative financial events like bankruptcy on their records.

Improving your placement on the credit score scale requires a different approach to how use your credit and how you choose types of credit to use. Depending on where you rank, you may need to lower the total amount of your debt or look for errors in your payment history that you can have removed from your record. You may also simply need to build a history of good credit usage, particularly if you haven’t been using your credit for very long. There are three main credit reporting agencies that can tell you your credit score: Equifax, Experian, and Transunion.

Your choice of credit reporting agency will not affect your score or your placement on the credit score scale. If you’re interested in improving your place on the credit score scale, the first step is to get a credit report and to look for elements that may be lowering your score. It can take some time to change your credit score and to move into a better area of ranking, but it’s well worth the time, as this will result in a wider range of available loans and finance rates.

Tax season is the time of the year when you are doing one of the two things; either filing your taxes, or applying for an extension. The pleasant surprise circling the tax season lies in obtaining a tax refund. Essentially, a tax refund is the money that you overpaid to the government, which is being returned back to you.

As tax refunds are unplanned, many people view them as bonus and get ready to splurge. However, instead of spending it on extravagance, why not spend the money towards a fruitful investment, If you are looking to dump your old vehicle and buy a new car, tax refunds come in handy. How can Tax Refunds help you in fulfilling your Car Dream,

A good amount of down payment can work wonders for your auto financing. 3000 of tax refunds annually. An individual with a bad credit score can seek to entrust the lender by paying a hefty down payment amount. The seriousness of the deal increases in the eyes of the lender as your creditworthiness rises with a larger down payment.



Tax refunds serve as great means by filling in the finance for your previous car loans. You can do two things in order to lessen the burden of your debt. One, you can make a double monthly payment or clear your balance and attract low interest rates on your next auto loan. Second, you can refinance your existing car loan at a competitive rate.