Your credit score is calculated based on the information in your credit report. Credit scores allow lenders to quickly make on-the-spot credit decisions based on a 3-digit number that sums up your credit worthiness. There are many credit scoring models in use today; all are designed to rate your likelihood to repay your debts. When you order your credit score, you will also receive an analysis of the factors affecting your score.
Your credit report is a snapshot of your credit at a particular moment in time. However, in reality that information is flowing in and out of your credit report all the time. Credit applications, home and auto loans, payments, an address change or even an inquiry from a prospective creditor all show up on your credit report - and affect your credit score.
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Credit history is the main determining factor of credit nowadays, but there are potential problems that can work against consumers. Since some credit reports can contain inaccuracies serious enough to cause consumers to be denied credit, a loan or even a job, keeping abreast of changes to your credit file is vitally important.
tradeline credit report
Tradeline Credit Report Copyright 2009 - 2011
Tradeline Credit Report
Tradeline credit report Credit scores and credit reports are important. By understanding scores and reports, you can save money and help protect yourself against identity theft. You can easily force removal of inaccurate, negative information from your credit reports and learn how to improve your credit score. Don't be taken in by scams promising to "repair" you credit. Tradeline credit report Your credit score is a measure of the risk that lenders take when lending you money. Your credit score will determine your financing options and the interest rate that you pay on every dollar you borrow. Credit repair expert Jim Kemish offers a clear explanation of credit scores and how they work. Tradeline credit report There are many tips and hints available for fixing credit score problems. Unfortunately, if you aren't quite sure what you're doing, you could potentially make your issues worse instead of better.