1 credit report Memphis

On average, victims ofIdentity TheftOfficial Social Security & FTC Identity Theft Info labor for 16 months, waste almost 200 hundred hours of their personal time and spend more than $1000 clearing their names. Other than Identify Theft, all of the examples listed above can be turned around - if you know how Credit Reports and Credit Scores work! The actual credit scoring system and credit report was developed by a company called Fair-Isaac (a quasi-governmental-type group). Today, all that Data is now managed by Trans Union, Experian and Equifax. These three companies have complete control over what gets reported and how it impacts your credit scores and personal credit reports. free full credit report

And every Lending Institution in the Country relies on data from one of the three companies - each and every single time they have to make a credit decision. Here's an example - US Bank uses Equifax, Wells Fargo Bank uses Experian and Honda Finance uses Trans Union. Each assigns a credit score, 1 credit report Memphis based on the history in your credit report, which determines if you'll get the credit you're wanting....and what interest rate you'll end up with. how to get your free credit report Credit Scores are generally broken down as follows - 700+ Score - you're considered Tier 1 - considered excellent by lenders and typically offered the best rates. 650 - 699 - you're considered Tier 2 - considered good by lenders and typically offered interest 1 credit report Memphis rates 1% - 4% higher than Tier 1 borrowers. 600 - 649 - you're considered Tier 3 - considered fair by lenders and typically offered rates between 8% and 12%.

550 1 credit report Memphis - 599 - you're considered Tier 4 - considered poor by lender and typically offered rates between 13% and 22%. copy of free credit report

350 - 499 - you're considered Tier 5 - considered 1 credit report Memphis very poor by lenders and typically offered interest rates similar to what 1 credit report Memphis the Mafia lends at.