Written by: Kristy Welsh
Repairing Your Credit Starts With a Credit Education
Credit education is your best tool when entering the world of credit repair. An educated consumer needs to be familiar with their credit report and credit score so they can land the best loan rates, credit cards and mortgage deals. All of this information can be confusing and sometimes overwhelming.
In the following articles, we'll help you navigate through all of the ins and outs of the credit repair world by making you more familiar with the consumer credit reporting agencies, or credit bureaus, and knowing what FICO and FRCA stand for and what they mean to you. Below you will find some commonly asked questions with easy to understand answers that will help you repair your credit. If you're looking for a fast fix, you can contact Lexington Law, who uses the below knowledge to get your credit in the best shape as quickly as possible.
- What is a Credit Report? Here is a basic overview of what is found on a credit report.
- How Do I Get My Credit Report? When you are ready to fix your credit, you will need copies of your credit reports.
- What is a Credit Score? You can pay extra to see your score, but what is that 3 digit number really telling you?
- What it the Purpose of a Credit Score? Now that you know your score, does it really serve any purpose? Yes it does.
- How Do I Interpret My Credit Score? See how your credit score stacks up to others and what a lender will think about your score.
- What is a FICO Score? This score is used in 90 percent of all lending decisions so you need to know what it means.
- What is Used to Make Up My Credit Score? The formula to coming up with your credit score is a highly guarded secret, but we can give you a general idea on what goes into figuring out your credit score.
- Information on Credit Bureaus The three main credit bureaus are Experian, Equifax, and TransUnion. We have information on how to get in touch with them.
- What is the FCRA? You need to become familiar with the Fair Credit Reporting Act if you are going to fix your credit.