CFPB study reveals impact of one change to credit reporting It may be just a simple three-digit number, but your credit score plays a significant role in determining the interest rate you pay for credit cards, loans, and mortgages. Credit scoring agencies, such as FICO, use information from credit reports to rank consumers by a…

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Before you apply for a loan, you should obtain a copy of your credit report. Your credit report shows how each of the three major credit bureaus rate your credit. Since each bureau has its own method of analyzing your financial history, it’s important to look at all three scores. Ultimately, these ratings may play…

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Check Your Credit Score Regularly One of the first signs that you’re maturing is when you become concerned about your credit. Good grades are the mark of success in school, and high credit scores are evidence that you’re maintaining financial responsibility. Once you have a high credit rating, however, how safe is your score? Credit…

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Almost everyone by now knows they’re eligible for a free credit report once every 12 months from the 3 major credit bureaus: Equifax, TransUnion, and Experian. What many people don’t realize, however, is when exactly they should check those reports. The quick answer is to check your report with enough time to fix any issues…

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