The ONE BIG LIE Credit Companies Want You To Believe...and other Credit Myths
It’s no secret that credit reports are confusing and difficult to read. Perhaps universities should offer classes like, How To Interpret My Credit Report. Even if you’re familiar with the ins and outs of credit reporting, the “Big Three” bureaus – Equifax, Experian, and Trans Union – make it particularly challenging because they all analyze, collect, and report credit data differently; which explains why there are often huge discrepancies in our scores.
How is Credit Scored?
There is a ton of misinformation floating around out there about how credit is scored - FICO, Beacon, Fair Isaac, etc. Let's take a few moments and debunk a couple of those myths about what does and…