Is my credit report important?
Despite lenders' willingness to hand out money, a good credit record is as important as ever. Nearly all lenders have come to rely heavily on computerized profiling to determine what credit they're willing to extend to a potential borrower. Information comes from your payment history, card balances, auto loans, retail accounts and hundreds of other factors. The end result is a numerical score that guides lenders in the terms they offer for a variety of financial products.
High scorers get the lowest interest rates and higher credit lines. Those with low or failing "grades" will get very little and pay plenty. For them the rate on a mortgage will be as much as 6% points higher than the prevailing rate most credit-worthy customers get. A high credit score not only gives you better terms today but may be important in the future should interest rates rise and credit standards tighten.
Credit Report News
News Alert for credit report
Fixing an error on credit reports and disputing mistakes?
Devens Commerce Journal - Devens,MA,USA
So either I have someone using my name or the credit report people
made an error. When you receive your credit reports from the three
agencies, ...
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I have a bankruptcy coming off my credit after over 10 years...how ...
Devens Commerce Journal - Devens,MA,USA
So by year 10 the value of the bk is so low that it has little affect on
your credit report. Once it is removed, if everything else on your
report is in ...
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Employee of SocGen-Credit Agricole JV held in SocGen trading ...
Forbes - NY,USA
PARIS (Thomson Financial) - An employee of brokerage firm Newedge, a joint
venture of Societe Generale and Credit Agricole unit Calyon, was
detained by ...
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Halcyon Report February 2008
Sydney Morning Herald - Sydney,New South Wales,Australia
Halcyon Notes February 2008 Important Notice Halcyon Securities Limited
("Halcyon") (ABN 34 098 401 159) is the issuer of
credit-linked notes ("Notes"). ...
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Credit cards and memories lost with stolen purse
Roanoke Times - Roanoke,VA,USA
Turns out they sure don't make it easy to get that federally mandated
free annual credit report. On the upside, the new driver's
license photo is a little ...
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Freezing Your Credit Report
Eyewitness News Memphis - TN, USA
There is a new law on the books you might not know about that could be your
best defense, permanently freezing your credit report. In the past,
people have ...
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CreditCards.com: Weekly Credit Card Rate Report
Business Wire (press release) - San Francisco,CA,USA
Meanwhile, the Fed's latest report on consumer credit
showed revolving credit, which includes credit cards,
increased at an annual rate of 2.7 percent in ...
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Blogs Alert for credit report
Free Credit Score - Free Annual Credit Reports
Free Annual Credit Reports is a reliable informative website, providing information on credit report, credit score and associated issues. Get your free credit rating report, 3 in 1 credit report, commercial credit reports, ...
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feedest.com: newest feed additions -
Aged Debt [by youknowit]
I have had a debt that was charged off by the revolving credit company in 2003, and had not had any payment or charges since 2000. Now, the same debt is appearing on my credit report because it has been purchased by a collection agency. ...
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LA LEGAL :: Forum -
VANCE: 1/26/08 Smart Consumers Use Credit Wisely
Having an established credit history will speed the application process. Credit laws protect consumers from unreasonable denial of credit, but it still takes consumer effort to establish and maintain a good credit report. ...
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All NCCE: Latest News -
Credit Scores: How Do You Grade?
By Kristin
Credit scores range from 300 to 850, with the best and highest credit report score being 850. If you have a credit score lower than 620, you are labeled high risk and therefore might have a hard time getting loans or approved for credit ...
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Apartment Life -
