How Credit Scoring WorksWritten by Sameer S Panjwani
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Your credit score and credit report is formed on basis of your credit history and you need to have at least one account which has been open or updated in past six months to get a credit score. If you do not meet minimum criteria for getting a score, you may need to establish a credit history prior to applying for a mortgage. All in all, if you can pay for all your debts in a timely and consistent manner and not take more debt than you can handle, your credit score shouldn’t be able to trouble you in life. So take care and be wise with your finances.
Sameer S Panjwani is the CEO and Founder of ChoiceOfHomes.com - Real estate portal for those looking to buy, sell or rent a home.
| | Understanding Credit Report Score Written by Gary Gresham
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Don't be surprised if you find an error once you get your credit report. Statistics show that 70 percent of credit reports contain serious errors. Those errors are what you want to clear up because they will affect your credit score. If you find a mistake, you have right to dispute information free of charge. Contact credit bureau that provided information and dispute inaccurate information. Below are names, addresses, phone numbers and web sites of three credit bureaus TransUnion, Experian and Equifax. Equifax Credit P.O. Box 740241 Atlanta, GA 30374 Equifax 800-685-1111 http://www.equifax.com TransUnion P.O. Box 1000 Chester, PA 19022 Trans Union 800-888-4213 http://www.transunion.com Experian P.O. Box 2002 Allen, TX 75013 Experian 800-682-7654 http://www.experian.com You can also contact creditor direct and ask that corrected information be provided to credit bureaus. If you suspect any fraud, contact all three credit bureaus immediately and place a fraud alert on your report. Then, contact your credit card companies and bank to protect your accounts. Understanding credit report scores and checking your credit report at least once a year will keep fraud in check and keep your credit score safer. Copyright © 2005 Credit Repair Facts.com All Rights Reserved.
This article is supplied by http://www.credit-repair-facts.com where you will find credit information, debt elimination programs and informative facts that give you the knowledge to correct your own credit and credit report. For more credit related articles go to: http://www.credit-repair-facts.com/articles_1.html
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