What are Credit Reports and Credit Scores anyways? Why the heck should you even care about it?
For some people, having good credit makes it easy to rent an apartment or get a car loan. They even know how to pull their own credit report and score!
For others, they have no idea why they even need a credit score. They never even bothered to understand what one is, until they get turned down for a student or auto loan. For the first time, they finally felt the pain of having a weak or bad credit profile!
Did you know that most Credit Reports have errors on them? It’s true, 30% of the credit reports out there have some kind of error on them. Read this FTC Study on Credit Report Accuracy to find out more. That’s appalling isn’t?
There’s a lot of generic advice out there for how to build and establish good credit. It’s so generic in fact, 99% of the advice offered by most experts is not very practical.
The advice goes something like this: “To get your credit back on track all you need to do is make your payments on time.” What … READ MORE