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What is Credit History and Why is it Important?

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.

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Top Consumer Reviews Articles

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Credit Repair In The News

Current Laws Concerning Credit Repair Companies in Illinois

Credit repair can be a saving grace for individuals in Illinois who have poor credit histories. While some items on your credit report can't be removed until they expire, other issues can be resolved ...

Published:  Sat, 07 Jul 2018 14:08:00 GMT



Credit Repair Company Receives Highest Score from"

Sky Blue Credit Repair, a leading provider of Credit Repair services, receives a best-in-class 5-star rating from TopConsumerReviews.com. For all of these reasons, Sky Blue Credit is our highest-ranke...

Published:  Fri, 06 Jul 2018 07:11:00 GMT



Quality Credit Repair Encourages Philadelphians to Give Their Credit a Check-Up Before Summer

Philadelphia, PA -- (SBWIRE) -- 07/03/2018 -- Men and women who have not been monitoring their credit throughout the year are being encouraged to seek a credit check-up from Quality Credit Repair this ...

Published:  Tue, 03 Jul 2018 05:13:00 GMT



NEWARK CREDIT REPAIR SPECIALISTS HELPS MORE PEOPLE STRUGGLING WITH BAD CREDIT

Credit Repair companies Newark specialize in Credit Advisors Council - Credit Repair Newark, has seen tremendous progress in their efforts of helping many college students, business executives and gov...

Published:  Tue, 03 Jul 2018 05:25:00 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 re...

Published:  Sun, 08 Jul 2018 17:00:00 GMT



Credit Advisors Council - Credit Repair Marlton Offers the Best Credit Counseling in Marlton

The brand campaign message of the multinational debt management company, Credit Advisors Council - Credit Repair Marlton, when they launched, started, and extended their award-winning credit repair so...

Published:  Tue, 03 Jul 2018 05:25:00 GMT



Credit Repair Company Receives Highest Score from TopConsumerReviews.com

TopConsumerReviews.com recently awarded their highest five-star rating to Sky Blue Credit Repair, an industry leader in Credit Repair services. Information contained on this page is provided by an ind...

Published:  Thu, 05 Jul 2018 17:00:00 GMT



Credit Advisors Council - Credit Repair Marlton Offers the Best Credit Counseling in Marlton

The brand campaign message of the multinational debt management company, Credit Advisors Council - Credit Repair Marlton, when they launched, started, and extended their award-winning credit repair so...

Published:  Tue, 03 Jul 2018 09:25:00 GMT



Credit Advisors Council - Credit Repair NYC Offers Credit Counseling in NYC

New York, NY - As consumer credit increases at an astronomical rate, leaving many borrowers in New York, NY in a bad credit position, Credit Advisors Council - Credit Repair NYC, a union of profession...

Published:  Mon, 02 Jul 2018 03:35:00 GMT




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