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Category Archive for 'Credit Report Errors'

Your credit score is based on several different aspects of your credit report.  However, some aspects are more important than others and will contribute more to your overall credit score. Your credit score is composed of the following factors: 

Payment History – 35%
Total Amounts Owed – 30%
Length of Credit History – 15%
New Credit – 10%
Type of [...]

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Your credit report contains information that many businesses use to make a decision about you. This includes banks, insurance companies, landlords, mortgage lenders, and even employers. It’s very important that you know what’s in your credit report and that you correct any inaccuracies to prevent negative effects on your financial health and welfare.

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The Federal Trade Commission (FTC), the nation’s consumer protection agency, created a  website to educate consumers and to help consumers tackle some money issues head-on.

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