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.
If you’ve never had a loan or credit card, your credit history is likely blank. To begin building your credit, you need to open a line of credit and make on time payments.
Credit Repair Organizations or CROs, can be a dangerous trap that often leaves your credit and your finances in a worse condition than when you first came to them.