Experian, TransUnion, and Equifax are the three credit bureaus that store credit histories on consumers. Lenders use the scores from these bureaus to determine credit worthiness when an individual applies for a line of credit. While all of these companies calculate credit scores differently, it is important to note that there are five common factors …Read More
If you think that your credit score is the number that the three major crediting bureaus report—Experian, TransUnion and Equifax—and that these are the numbers that are used to determine your credit worthiness and risk, get ready for a big surprise. Ultimately, these numbers are not the numbers that help establish loan terms and interest …Read More
Auto loan refinancing can save consumers thousands of dollars in the long run, but why are less than 15% of borrowers refinancing their car loan? RateWatch, a banking data and analytics company, recently released the results of a survey that shows how today’s consumers thinking about their car loans and what factors impact their decision-making. …Read More
The most widely used credit score is the FICO score. Credit scores are often called FICO scores because most credit bureau scores used in the U.S. are produced from software developed by Fair Isaac and Company (FICO). Your FICO score cannot be built or fixed overnight. Building credit is a gradual process that can easily …Read More
Paying with a credit card is convenient and saves most of us the time of ruffling through our cash and change at the register. But while that piece of plastic seamlessly secures payments without the hassle, those embossed numbers on your card are one of the most seductive pieces of financial information for identity thieves. …Read More
Chat with us!