Post tagged: credit rating

What’s in your credit report?

When is the last time you checked your credit report? Nearly two-thirds of adults have not ordered a copy of their credit report in the past year, according to The 2009 Consumer Financial Literacy Survey, released in late April and commissioned by The National Foundation for Credit Counseling. And 1 in 4 adults admit to not paying all of their bills on time, one major behavior leading to a bad credit score.


As many Americans get some spring cleaning done around the house, it’s also an ideal time to make your financial house shine-especially if a car or house loan is on the horizon. Banks are less willing to lend in this current economical climate. That hits home for the average consumer when a loan is denied or the offered interest rate is high.


Although credit isn’t the only factor in loan eligibility, it’s worth making an ...