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This 1 page Document was uploaded by an elite notetaker on Saturday December 19, 2015. The Document belongs to a course at a university taught by a professor in Fall. Since its upload, it has received 7 views.
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Date Created: 12/19/15
Credit Reports & What the Numbers Mean Credit scores can be complicated and can plague us for a very long time if not handled accordingly. Credit scores measure your past and current pattern of paying lenders, or not paying. It shows other lenders the probability of what can be expected if they are to give you a loan with their company. This number is determined by a formulation. Yes the formulations seem complicated. So what does this all really mean? What do the numbers mean? How does this affect you and your plans? There are a few different categories in dealing with credit they are very good credit, below average, and sub-prime. Ultimately your score will determine your loan eligibility, financing, and credit cards. It is vital to know what your credit score is and make the necessary movements towards credit repair. If you do not know your credit score, or haven’t seen a report in a few years, you can access the score and reports via many free online reporting systems, such as My Free Credit Report. You can also access the three important and combined reports to show you the reports from each of the major credit reporting companies to ensure you have not over looked any older or hidden debts. The hidden debts can be quite dangerous so it's important to thoroughly look into the reports from the credit agencies and do the proper research. Your credit affects so much of your life, if your credit is poor there are so many tools today to help nurture you through credit repair. Poor credit can put a damper on your progression in life and make it impossible to move forward. Do your best to be on time with payments and redeem your relationship with damaged loan agencies or creditors. Many times this can all be confusing and extremely overwhelming and you feel as if you will never come out of this. Don't give up - help is available! Any of the free online credit reports can refer you to live help to answer any of your questions, The 3 in 1 credit reporting systems can refer you to debt repair agencies to help navigate through the logistics of your credit score. They can explain what you may be eligible for or what you need to improve on. If you need help repairing your credit they can help set goals with you and try to accommodate settlements with the lenders you owe money too. Allowing our past financial decisions (good or bad) to dictate our future is no way to live. Take control today of your finances and credit by educating yourself on your score, eligibility, and accessibility. You may be able to get the home you always dreamed of and opt even know it was possible. Take the steps to secure the rest of your life by understanding you credit, check out 3 in 1 credit reports today.
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