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There are three main credit reporting agencies in the United States: Equifax, Experian, and Transunion. By law, people are entitled to a free copy of their credit report from each of these companies once every 12 months. It is against the law for anyone to obtain another person's credit report without that person's permission.
6 Questions to Ask Yourself When Comparing Credit -What's the intrest rate for purchases? -How long is the loan for? -What's my minimum monthly payment. -What's the grace period? -What extra fees and penalties may be charged? -What is the best deal for me?
Credit Report -a record of your personal financial transactions. Credit Score -a number that reflects your credit worthness, based on the 4 c's.
4 C's Of Credit Collateral Capital Capacity Character
Unit Four
When applying for credit you should have the following things in hand: -Social Security number -Drivers license number -Date of Borth Address and phone number -Name of Employer -Monthly income amount -total monthly payments on other debts -Amount of monthly rent or mortgage payment
The most popular credit score is the FICO score. The score ranges from about 300 to 850, with the higher score at a lower risk for the lender. in general, a credit score of 680 or above is considered good.
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