Our reviewers evaluate products and services based on unbiased research. Top Consumer Reviews may earn money when you click on a link. Learn more about our process.
Monday, November 28th
From that first bank account to the latest credit card, an individual's credit history is the complete synopsis of how that consumer has managed their finances over their lifetime. For better or worse, it's all included in one handy document, which can be accessed by financial brokers, credit card companies and even potential employers.
A credit score - a three-digit number that is assigned through a mathematical algorithm which pulls data from a person's credit report - is partially determined by a consumer's credit history. A credit score, in conjunction with a person's credit report, is used to determine credit worthiness. It consists of 15 percent of a consumer's credit score.
Knowing how a credit history can affect everyday living is the best tool a consumer can possess. Landlords, insurance providers and even cell phone companies use a person's credit history to determine if they want to risk doing business with that person. Having a bad credit report - which is the result of not paying bills on time or forfeiting loans and other debt - will have lifelong repercussions for the potential borrower.
It's best to build a solid credit report from day one. The ways to create a positive report include:
If you're among the estimated 220 million Americans who have bad credit, all is not lost. There are steps to take to help repair credit damage and improve your credit rating. The best way to repair poor credit is to consult with a consumer credit consolidation service, which can help consumers consolidate monthly loans and other debt into more reasonable payments.
Select any 2 Credit Repair Companies to compare them head to head
Best Credit Repair Companies: Highest Rated Credit Fix Services 
CNBCTV18 is India's leading financial, economic and business information source. The leading platform for business & financial news, BSE/NSE stock market news updates, business news live, IPO Analysis ...
Fri, 18 Nov 2022
The Motley Fool on ...
Here's the Worst Credit Card Advice We Found on Instagram
We all know that we should be careful about who we take financial advice from. But in the age of social media, it's easy to forget that not everyone on the internet is an expert. In fact, some of the ...
Mon, 14 Nov 2022
Best Bad Credit Loans: Top 6 Online Personal Loan Lenders of 2022
Fortunately, there are online lenders that specialize in loans for bad credit borrowers. The best bad credit loans offer reasonable interest rates, flexible payment terms, fast funding, and an easy ...
Mon, 21 Nov 2022