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Do Businesses Require My Permission to Run My Credit?

February 23, 2017

It is possible for businesses to view credit reports, in particular circumstances, without your permission. For example, if you are applying for credit, such as a credit card, mortgage...

My Student Loans Were Just Paid in Full. Will This Improve My Credit Score?

February 23, 2017

Congratulations! Paying off your student loans is a great accomplishment. If you always made your student loan payments on time, you may not see a big increase in your...

What Can a Good Credit Score Do for You?

February 23, 2017

Having a credit score in the high 700s and above will help you save money over time and allow you to get the credit you want when you need...

Do Employers Look at Credit Reports?

February 9, 2017

Employers may obtain a modified copy of your credit report for employment purposes, but they will never receive your credit score. A report used for employment purposes omits your...

How Do You Close a Credit Card?

February 9, 2017

To close a credit card, you must contact the credit card company and request an account closure. The credit card company will then deactivate your account and report it...

What’s the Difference Between Chapter 7 and Chapter 13 Bankruptcy?

February 9, 2017

From a credit reporting perspective there is one fundamental difference in the two bankruptcy chapters. Under Chapter 13 bankruptcy you must repay at least a portion of the debt....

What is a FICO score?

January 31, 2017

A FICO score is a credit scoring system developed by the Fair Isaac Corporation (FICO). FICO creates the formulas that take information from credit reports and use it to...

How Do You “Fix” Bad Credit?

January 31, 2017

There is no quick “fix” for rebuilding your credit history. The length of time it will take depends on the severity of your previous difficulties. However, with time and...

How Can a Young Person New to Having a Credit Card Build Credit?

January 31, 2017

Building credit takes time. If you have a new credit card, make a small charge each month and pay the balance in full every month. Doing so will help...

Do Installment Loans Have a Negative Impact on Your Credit Score?

January 21, 2017

An installment loan is a loan in which you receive a specific amount from the lender. You then repay that amount, along with interest and perhaps other fees, with...

How Often Should Credit Reports Be Reviewed?

January 21, 2017

At a minimum, you should review your credit report once every 12 months. You can receive a free copy of your credit report from each of the three national...

What Are Some Specific Reasons That a Credit Score Can Drop?

January 21, 2017

There are two factors that will always cause people’s scores to drop significantly: late payments and utilization rate. Late payments. The single most important indicator of credit risk is...

Introducing Experian CreditLock

Learn how the flexibility to lock and unlock your credit - instantly - might be the thing your financial plan has been missing. Until now.