How often is my credit report updated?

How often is my credit report updated?

In general, creditors forward information to the credit reporting agencies monthly. The day of the month that each individual creditor sends updates varies. In other words, credit agencies might receive an update from creditor A on the first of every month and from...
What’s in My Credit Report

What’s in My Credit Report

Although each credit reporting agency formats and reports this information differently, all credit reports contain basically the same categories of information. Your social security number, date of birth and employment information are used to identify you. These...
What is Credit?

What is Credit?

Credit is a prevision of resources granted by a lender in which the receiving party does not immediately reimburse the lender and instead agrees to repay the lender at a later date, often times in an amount greater than the initial debt. Credit by itself simply refers...
What Affects My Credit Score?

What Affects My Credit Score?

A credit score is a three-digit number used by financial institutions to evaluate your creditworthiness, or the likelihood that you’ll pay back your debts. When a consumer applies for a credit card, mortgage, student loan, auto loan or other line of credit, a...