Category Archives: Credit Education

This is where you read about credit related information and learn more about why credit is important and how to maintain good credit. This section includes how to’s, where to’s and more.

What is credit monitoring, and how does it work?

What is Credit Monitoring? Credit monitoring is, simply put, the act of closely watching your credit report for changes, such as inquiries made (a company accessing your credit report – lender, creditor, insurer etc.), or checking for signs that you have opened a new account… These are just some of the things that you should … [Read more]

What is a 3 in 1 credit report?

What is a 3 in 1 Credit Report? There are three credit reports that you should check on a regular basis – Equifax, TransUnion and Experian. With a 3-in-1 Credit Report, you can check all 3 at once without having to go to each website and check them individually. In addition to checking your credit … [Read more]

What is TransUnion, and why is it important?

What is Trans Union? Trans Union is one of the “Big Three” major credit reporting bureaus which are commonly used by insurers and lenders to obtain information on their applicants credit history. Based in Chicago, Illinois – TransUnion in 1968 by Union Car Company. As of 2006 it operates more than 200 offices across the … [Read more]

What is Experian, and why you should check your Experian Credit Report

What is Experian? Experian is one of the “Big Three” major credit reporting agencies. Formerly known as TRW Information Systems & Services, and headquartered in Dublin, Ireland, it is one of the credit reporting agencies commonly used by insurers and lenders to obtain information on their applicants credit history. Experian also owns FreeCreditReport.com and ConsumerInfo.com. … [Read more]

What is a FICO Score? How is it calculated?

What is a FICO Credit Score? FICO is an acronym, it stands for Fair Isaac Corporation, which is the most widely used credit scoring model in the US. It uses a mathematical formula developed by the Fair Isaac Corporation, and was designed to help lending institutions and other credit companies determine the risk of lending … [Read more]

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