With the holiday season comes lots of spending. Gift giving, decorating, entertaining, vacationing and going out to eat – it can all rack up the big bucks, and pretty quickly, too. Sadly, overspending doesn’t just deplete your bank account or give you bigger credit card bills to pay. It can also hurt your credit and, [...]
The three largest credit rating agencies, Equifax, Transunion and Experian in cooperation with the state of New York have agreed to change the way they review and correct errors on consumer credit reports.
Credit scoring uses a formula to reduce a person’s complicated credit history into one simple number. Before trying to borrow money, it helps to understand how your credit score is calculated and what it says about your ability to get a loan.