How Credit Scores Work…Part I

We apply for credit for many reasons —maybe it’s to buy a new car,house,computer,or get a student loan. Did you know,however,that there is a special number that can determine whether you can do these things,or at least how much it will cost you? Your credit score is a [...]

Credit report tips

Here are some tips for keeping up with your credit record,provided by Steven Katz,spokesman for Chicago-based TransUnion and its TrueCredit.com Web site:

• If you have a disputed item on your report,contact the party in question yourself,then the credit bureau. This shows that you have been trying to get the matter [...]

Will Credit Inquiries Lower Your Credit Score?

What are inquiries? When you apply for credit (credit card,personal loan,etc.),the creditor or lender checks your credit report to verify that you qualify for the credit or loan you are applying for. This “inquiry”is then reported to the credit bureaus and shows up on your credit report.

Does this affect your [...]