Category: BLOG

How Often Is My Credit Score Updated?

In general, creditors forward information to the credit reporting agencies monthly. The day of the month that each individual creditor sends updates varies. In other words, credit agencies might receive an update from creditor A on the first of every month and from creditor B on the 11th of every month, etc. This is why […]

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WHAT’S IN MY CREDIT REPORT?

Although each credit reporting agency formats and reports this information differently, all credit reports contain basically the same categories of information. Your social security number, date of birth and employment information are used to identify you. These factors are not used in credit scoring. Updates to this information come from information you supply to lenders. […]

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WHAT AFFECTS YOUR CREDIT SCORE?

A credit score is a three-digit number used by financial institutions to evaluate your creditworthiness, or the likelihood that you’ll pay back your debts. When a consumer applies for a credit card, mortgage, student loan, auto loan or other line of credit, a lender usually pulls a credit score to help the lender decide whether […]

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