Learn how to get an annual credit report score online, repair your credit and increase your fico credit scoring by improving your overall credit score.


Latest Articles

∞ 10 years, 7 months ago

does a credit bureau have a file on you?

If you ever have applied for credit, you probably have a "credit file" somewhere. A credit bureau can use your application to set up a credit file with your name, address, phone, employer, income, etc. You establish a "credit record" or "credit history"; however, only by using credit. A "good" credit record is established only by repaying...
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∞ 10 years, 7 months ago

your credit history and credit bureaus

Credit bureaus gather and sell credit information about consumers and are a principal source of information about your credit history. Creditors usually rely on credit bureau reports before issuing a line of credit. So it makes sense to ask your local credit bureaus for your report. You can find them listed in the telephone Yellow Pages under...
askmrcredit
∞ 10 years, 7 months ago

why do creditors pay credit bureaus for this information?

In order to make good credit decisions, creditors need to know as much as possible about a prospective borrower's ability and willingness to repay. It saves creditors both time and money to use the services of a credit bureau rather than collect information from each consumer's past creditors themselves. Consumers also are able to obtain...
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∞ 11 years, 1 month ago

why do creditors pay credit bureaus for credit files?

In order to make good credit decisions, creditors need to know as much as possible about a prospective borrower's ability and willingness to repay. It saves creditors both time and money to use the services of a credit bureau rather than collect information from each consumer's past creditors themselves. Consumers also are able to obtain...
askmrcredit
∞ 11 years, 1 month ago

negative credit report information

Type of negative information Maximum time on credit report General civil judgments 7 years from the date filed Tax liens 7 years from the date paid (If tax lien is not paid, it will remain on the file indefinitely.) Chapter 13 bankruptcies that have been dismissed or discharged 7 years All other bankruptcies (such as Chapter...
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∞ 11 years, 1 month ago

the credit scoring system

Credit scoring is a system used by some creditors to determine whether to give you a loan or credit card. The creditor may examine your past credit history to evaluate how promptly you pay your bills and look at other factors as well, such as the amount of your income, whether you own a home, and how many years you have worked at your job. ...
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Updated categories

Credit Rights

62 articles curated by askmrcredit updated 10 years, 7 months ago

Credit ratings have important impact on your life. It can affect whether you get a loan on a car or house, or even a job. That's why it is important that...

Credit Bureaus

20 articles curated by askmrcredit updated 10 years, 7 months ago

The three major credit bureaus in the United States are Equifax, Experian, and Trans Union. These companies provide, as a service, credit ratings and...

Credit Score Report

178 articles curated by askmrcredit updated 11 years, 1 month ago

Credit Score

146 articles curated by askmrcredit updated 11 years, 1 month ago

A Credit Score, or FICO score, is a numerical value calculated by a formula by the credit bureaus. The formula goes something like this: Payment...

Credit Information

94 articles curated by askmrcredit updated 11 years, 1 month ago

Credit can be a mysterious thing. How is your credit? Do you know? Do you even know what that means? In this world of borrowing money, it's become...

Personal Bankruptcy

41 articles curated by askmrcredit updated 11 years, 1 month ago

Bankruptcy is a legal means for an individual or organization to declare their inability to pay their creditors. Bankruptcy is typically declared by the...

Credit Cards

64 articles curated by askmrcredit updated 11 years, 2 months ago

Nearly everyone uses credit cards, but an informed and careful consumer can keep out of trouble. Did you know that your credit card activity, good or bad,...

Credit Fraud

67 articles curated by askmrcredit updated 11 years, 2 months ago

Identity theft and credit card fraud have reached epidemic proportions. We've all seen the humourous CitiBank commercials with the poor, everyday people...

Saving Tips

74 articles curated by askmrcredit updated 11 years, 2 months ago

In order to live well, you've got to put some savings aside for those big purchases. The tips in this category will help you maximize your savings on gas,...

Credit Rating

23 articles curated by askmrcredit updated 11 years, 3 months ago

A credit rating is an evaluation made by credit bureaus that represent your credit worthiness in a simple manner. The highest rating is AAA, the lowest is...