Tag Archives: credit bureaus

How Does Credit Reporting Work?

How Does Credit Reporting Work?

With credit it is important that you check your credit score each month. Your credit report will show not only your score, but also your payment history, debt and other factors that will have a bearing on your score.

The Credit Reporting System

There are three main players in the credit reporting system, those being the consumers, credit bureaus and financial companies.

Your creditors report the information about your credit card and loan accounts – Read more

Avoid being Blacklisted

Avoid being Blacklisted

There are plenty of people who use credit every day. There are some that only use it for cars and houses; others use credit for furniture and clothes and some use credit for their day-to-day purchases.

If you are someone that uses credit then you will be familiar with the term blacklisting. So what does it mean to be blacklisted?

There is not some sort of list that has everyone’s name on who has been blacklisted, but it is a term that isn’t officially used by cr – Read more

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