Remove Auto Insurance Remove Creditors Remove Loans
article thumbnail

How to Tell If You Have a Credit Score

Credit Corp

This score is what creditors use to determine your ability to repay debt and assess your overall credit risk. FICO is the most common credit score, but some creditors may use other credit ratings, such as VantageScore. For example, you need to have credit accounts, such as loans or credit cards, or at least utility bills in your name.

Lender 75
article thumbnail

Credit card debt has plunged

Collection Industry News

She’s actually more concerned about the weight of student loans. Student loan debt is debt that you can never get rid of in most cases. Because of that, Orman suggests tackling your student loan or other secured debts before clearing your credit cards. So that debt is really, really important,” Orman told CNBC.

article thumbnail

Who Are the Major Credit Reporting Agencies?

Credit Corp

Lenders can access reportswith consumer permissionto evaluate someone for a loan or other financial opportunity. Tradelines include credit cards, bank accounts, mortgage lenders, and other creditors. Hard inquiries occur when a lender checks your credit report as part of the process of evaluating you for a loan or other credit.

Lender 52