When it comes to your credit report, one bad thing that stands out against an otherwise tranquil history looks a lot different than the repeated black marks of serial delinquency and non-payment. How your credit fairs should tell you how much you need to worry.
There’s a surprisingly good chance that there are mistakes on your credit report that could be costing you money. It has been reported that there is as much as a 25% chance that there is some kind of big mistake on your report.
Credit monitoring is a product offered by each of the three major credit reporting bureaus. However, there are alternatives to consider.
Having your identity stolen is an awful thing that can destroy your credit score and your finances. Recovering afterwards is important for not just your bank account, but for your credit rating as well.
Financial literacy begins with understanding personal finance, setting a budget, putting aside savings and knowing your credit scores and the information contained in your credit reports.
Borrowers having problems paying their car loans should call the lender and explain their situation. Not only is repossession is a black mark on their credit reports – often preventing them from getting a car loan for at least a year, it could end up costing them hundreds if not thousands of dollars in taxes owed to the government.