Saturday, December 30th, 2006
The Major Credit Agencies
A big factor in your life, whether you realize it or not, is your credit history and your credit score.
Who keeps track of your credit history, well the three major credit agencies of course.
You may be one of those who have never had problems with your finances and your credit may be great so you don’t worry about such things, however millions upon millons of people do and find themselves unable to buy a house, a car, get a loan or credit cards.
With the help of the three major credit agencies, banks and other money lenders, even your local appliance stores, make decisions on your ability to repay credit by studying your credit score.
A poor result on your credit report may mean that many banks may be unwilling to take the risk involved in lending you money, and those that do may only offer credit with a high interest rate to offset their risk.
Therefore, it is very important that you know exactly what kind of shape your finances are in.
Let’sFind Out …