All Entries Tagged With: "Credit Score"

Even with a substantial leap in technological progress, nothing in our world is perfect. A credit rating agency is supposed to keep a track of our financial records by having a report and a credit score. We, citizens of America, worship these score as most of the crucial things of our lives depend on it. Yet, there are errors in it. Ken Soto, who had maintained his credit score above 730, suddenly appeared dead on the report. Martha Clark too had been a victim o such discrepancy. They both share the same apartment in which I live. There would be, I guess, a large amount of population facing such problems. You are given numerous rights by the Fair Credit Reporting Act (FCRA) to fight against such problems and file a credit report dispute process. This process too, however, seems to be  [...]

People talk about it all the time, yet many are still confused about the difference between credit score and credit rating. Let alone the difference, few aren’t even aware about the meaning of these terms. So, you definitely cannot expect them to know their significance. For them, it’s a mystery, a worrisome mystery. Credit rating influences our lifestyle to much extent. The car you drive, things you buy, and food you eat is also affected by the mysterious rating. And it’s a favorite word used by banks over and over again. So, it’s appropriate to say, credit rating and credit score is also powerful, other than being mysterious. However, knowing it’s powerful isn’t enough; we need knowledge about how it works to fight against it. Firstly, it’s important to know that credit  [...]