By Paul Bright
You've probably had the "Free Credit Report Dot-Com" songs stuck in your head after listening to its catchy tunes on the television. Although you can obtain a free credit report from the website, it is actually linked to a credit monitoring service called Triple Advantage, sponsored by Consumer Info. The Triple Advantage Credit Monitoring service offers the ability to see your...
By Amber Keefer
A variety of factors are used in calculating a person's credit score. Although each of the three major consumer credit-reporting bureaus computes credit scores a bit differently, their scoring systems rely on a basic formula, which weighs the different categories similarly. While credit-reporting agencies do not share the actual statistical formulas for calculating credit scores, a certain...
By J. Paventi
Obtaining a loan, mortgage or credit card is predicated on a borrower's creditworthiness. Every made, late or missed payment to a creditor influences the score, as does the total amount of debt and the ceiling or limit for any loans or credit cards. Combined from credit reports, a number is assigned to rate a potential borrower and his ability to repay the debt in full.
The Fair Issac...
By Linda Hinkle
Beacon is the name of the credit score reported by Equifax, one of the three major credit reporting companies. It is a number that summarizes a person's credit risk based on information in that person's credit report at any given time. Lenders look at a person's credit score to determine whether to extend credit and what interest rate to charge. In general, a higher credit score gets...
By Marjorie
Your credit score gives lenders a way to judge how likely you are to pay back a loan on time. Lenders use credit scores to compare loan applicants to each other. If you have a good credit score, lenders are more likely to approve your loan applications. Lenders will also give you better terms. With a good credit score, you can get a lower interest rate. For large loans, a lower interest rate can...