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      April 24, 2018

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TopConsumerReviews.com provides unique articles that you won't find anywhere else on the internet. These articles are designed to help you make the most informed decisions possible.

What is Credit History and Why is it Important?

From that first bank account to the latest credit card, an individualís credit history is the complete synopsis of how that consumer has managed their finances over their lifetime. For better or worse, itís all included in one handy document, which can be accessed by financial brokers, credit card companies and even potential employers.

A credit score Ė a three-digit number that is assigned through a mathematical algorithm which pulls data from a personís credit report Ė is partially determined by a consumerís credit history. A credit score, in conjunction with a personís credit report, is used to determine credit worthiness. It consists of 15 percent of a consumerís 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 personís credit history to determine if they want to risk doing business with that person. Having a bad credit report Ė which is the result of not paying bills on time or forfeiting loans and other debt Ė will have lifelong repercussions for the potential borrower.

Itís best to build a solid credit report from day one. The ways to create a positive report include:

  • Pay on time. While this may seem like common sense advice, failure to make payments on time or to make them at all is the number one reason consumers have poor credit reports. In order to pay bills in a timely fashion, set a budget and establish a bill-paying routine so as not to miss any payments. Some online bill payment systems allow users to set automatic payments/deductions for bills that occur on a monthly basis. Using these features may be the best way to make sure bills are paid on time and not forgotten.
  • Pay the balance. Itís best to pay the entire amount due each month. However, if that is not possible, at least be sure to pay the indicated ďminimum amount dueĒ listed on the bill. Paying even a small amount on bills is better than skipping a payment altogether.
  • Donít overextend available funding. While it may be easier said than done, creating and sticking to a monthly budget is the best way to prevent overspending, which can result in the failure to pay bills on time.
  • Think before buying. Impulse spending is among the quickest ways to overextend available credit. Overextending credit almost always leads to failure to pay bills in full on time, which in turn results in a poor credit report. Establishing a monthly spending plan is the best way to know if there is wiggle room for additional spending on items that are non-essential.

If youíre 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.

No Sweat It Credit Announcement Makes Traditional Credit Repair Obsolete

No Sweat It Credit announces, as of April 1, 2018, their customers may have up to five negative accounts permanently removed from their personal credit report. And, this can happen within five business days. No Sweat It Credit, Inc a technology and ...

Published:  Mon, 23 Apr 2018 08:00:00 GMT



Key Credit Repair Launches New Website

The top-rated credit repair service offers solutions for individuals who have negative or incorrect information on their credit history. An unlimited number of disputed items can be removed permanently and completely. Boston MA - April 16, 2018 - Key ...

Published:  Sun, 15 Apr 2018 22:23:00 GMT



The Myth Of Credit Repair

The ads from credit repair companies pop up everywhere-on telephone polls, in newspapers, on TV and radio, in your email and on the internet. You'll see similar claims over and over. But can credit repair companies be trusted Consumer credit ...

Published:  Fri, 13 Apr 2018 17:00:00 GMT



How to Repair Your Credit When You're Still in College

If you're in college, you're probably already worrying about getting good grades, covering your living expenses, and repaying student loans when you graduate. So, worrying about your credit score might not be your biggest concern. But it should be.

Published:  Tue, 06 Mar 2018 03:43:00 GMT



Experts stress importance of knowing signs of credit repair scheme

SPRINGFIELD, Mass. (WWLP)- If you don't have good credit you may have been approached by a credit repair company at some point.. but if you don't do your research you could become a victim. "People always look for a quick fix, an easy fix and that ...

Published:  Tue, 06 Mar 2018 17:31:00 GMT



Montgomery credit repair company shut down, accused of deception

A Montgomery credit repair company has been permanently closed for deceptive and illegal practices, according to Alabama Attorney General's Office. Attorney General's Steve Marshall's office reached a settlement with Scott's Credit Repair and its ...

Published:  Mon, 30 Oct 2017 21:29:00 GMT



$2-million settlement ends accusations that L.A. credit-repair firms misled consumers

Credit-repair services promise to help consumers fix their credit scores, but there's only so much they can do. They can help clear up inaccurate or outdated information on a consumer's credit report, but they can't erase legitimate dings. But the Consumer ...

Published:  Wed, 28 Jun 2017 04:30:00 GMT



Quality Credit Repair Creates Solutions to Bad Credit

Philadelphia, PA -- (SBWIRE) -- 09/01/2017 -- For over 20 years, Quality Credit Repair has been working to make their customer's credit scores better. They are able to review client's credit report and help them figure out what is causing their credit ...

Published:  Fri, 01 Sep 2017 08:16:00 GMT



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