By Linda Hinkle
Credit scores are calculated by independent companies and some lenders, but mostly by credit reporting agencies. The way scores are calculated can vary by agency, but the three major credit bureaus in the United States---Equifax, Experian and TransUnion---all use the same basic scoring system to calculate scores. Credit reporting agencies, also called credit bureaus, collect and record...
By Lashunda Wilkison
There are so many reasons you many need to get someone's credit report. It could be job related. Maybe you want to verify that this person is trustworthy. Maybe you are a landlord, businessperson, creditor, or family member. If you decided to go into a business venture with partners, you need assurance of the others' commitment. Credit reports reveal an individual's work stability...
By Lashon Fryer
High interest rates generate thousands of dollars of revenue for your credit-card provider each year. You, and every other credit user, are the "funding source of choice" to pay those high interest rates. Low interest rates would allow consumers to pay down debt sooner because their payments would go towards principal - versus being eaten up by the interest. Without a lower interest...