Beating The Bureaus
5/5
()
About this ebook
Why pay for credit repair when you can develop the knowledge and skills necessary to do it yourself?
Establishing and maintaining a great credit score can be hard, but it doesn't have to be. This simple guide was formulated to teach you all the credit repair basics needed to obtain a healthy credit score. There has not been a better time to kick start your credit restoration journey than now.
Related to Beating The Bureaus
Related ebooks
Game Changer Rating: 5 out of 5 stars5/5WHAT'S F.R.E.E. CREDIT? the personal game changer Rating: 2 out of 5 stars2/5SEXY CREDIT Rating: 4 out of 5 stars4/5Credit Restore Secrets They Never Wanted You to Know Rating: 4 out of 5 stars4/5Free Credit Score: How to get your REAL FICO Credit Score for Free Rating: 5 out of 5 stars5/5The DIY credit restoration blueprint Rating: 5 out of 5 stars5/5Credit Freeze and Data Repair Strategies Rating: 5 out of 5 stars5/5Do It Yourself Credit Report Rating: 5 out of 5 stars5/5Fix Your Credit Score: Add Up To 100 Points in 30 Days or Less Rating: 0 out of 5 stars0 ratings700 Credit Club Rating: 0 out of 5 stars0 ratingsFinancial Game Bosses Building Business Credit Rating: 0 out of 5 stars0 ratingsCredit Secrets: Learn the concepts of Credit Scores, How to Boost them and Take Advantages from Your Credit Cards Rating: 0 out of 5 stars0 ratingsBeautiful Credit: Insider Secrets to Establishing a Perfect Credit Score Rating: 5 out of 5 stars5/5Guide to DIY Credit Repair: Beginner's Guide Rating: 0 out of 5 stars0 ratingsDIY Credit Repair Guide: a future in palms reach Rating: 0 out of 5 stars0 ratingsHow to Fix Your Credit Rating: 5 out of 5 stars5/5DIY Credit Repair for Begginers Rating: 0 out of 5 stars0 ratingsCredit Repair Guide: How to Fix Credit Score and Remove Negatives From Credit Report Rating: 5 out of 5 stars5/5I GIVE YOU CREDIT: A DO IT YOURSELF GUIDE TO CREDIT REPAIR Rating: 0 out of 5 stars0 ratingsAll You Need to Know About Payday Loans Rating: 5 out of 5 stars5/5Credit Secrets: Credit Repair Reveled Rating: 5 out of 5 stars5/5Credit Repair Rating: 5 out of 5 stars5/5Raise Your Credit Scores! Rating: 5 out of 5 stars5/5The Best Credit Repair Manual Ever Written Rating: 5 out of 5 stars5/5The Credit Card Game and How to Master It Rating: 4 out of 5 stars4/5Emergency Quick Cash Tips Rating: 0 out of 5 stars0 ratingsFix My Credit Build My Credit Rating: 5 out of 5 stars5/5Make Your Credit Great Again Rating: 5 out of 5 stars5/5Advanced Credit Repair Secrets Revealed Rating: 0 out of 5 stars0 ratings
Teaching Methods & Materials For You
Dumbing Us Down - 25th Anniversary Edition: The Hidden Curriculum of Compulsory Schooling Rating: 4 out of 5 stars4/5Jack Reacher Reading Order: The Complete Lee Child’s Reading List Of Jack Reacher Series Rating: 4 out of 5 stars4/5Grit: The Power of Passion and Perseverance Rating: 4 out of 5 stars4/5Lies My Teacher Told Me: Everything Your American History Textbook Got Wrong Rating: 4 out of 5 stars4/5The 5 Love Languages of Children: The Secret to Loving Children Effectively Rating: 4 out of 5 stars4/5The Lost Tools of Learning Rating: 5 out of 5 stars5/5Fluent in 3 Months: How Anyone at Any Age Can Learn to Speak Any Language from Anywhere in the World Rating: 3 out of 5 stars3/5Personal Finance for Beginners - A Simple Guide to Take Control of Your Financial Situation Rating: 5 out of 5 stars5/5Inside American Education Rating: 4 out of 5 stars4/5How to Take Smart Notes. One Simple Technique to Boost Writing, Learning and Thinking Rating: 4 out of 5 stars4/5Closing of the American Mind Rating: 4 out of 5 stars4/5Speed Reading: Learn to Read a 200+ Page Book in 1 Hour: Mind Hack, #1 Rating: 5 out of 5 stars5/5The Chicago Guide to Grammar, Usage, and Punctuation Rating: 5 out of 5 stars5/5Weapons of Mass Instruction: A Schoolteacher's Journey Through the Dark World of Compulsory Schooling Rating: 4 out of 5 stars4/5Principles: Life and Work Rating: 4 out of 5 stars4/5Financial Feminist: Overcome the Patriarchy's Bullsh*t to Master Your Money and Build a Life You Love Rating: 5 out of 5 stars5/5Speed Reading: How to Read a Book a Day - Simple Tricks to Explode Your Reading Speed and Comprehension Rating: 4 out of 5 stars4/5Becoming Cliterate: Why Orgasm Equality Matters--And How to Get It Rating: 4 out of 5 stars4/5The Three Bears Rating: 5 out of 5 stars5/5Raising Human Beings: Creating a Collaborative Partnership with Your Child Rating: 4 out of 5 stars4/5How To Be Hilarious and Quick-Witted in Everyday Conversation Rating: 5 out of 5 stars5/5A Failure of Nerve: Leadership in the Age of the Quick Fix (10th Anniversary, Revised Edition) Rating: 4 out of 5 stars4/5A study guide for Frank Herbert's "Dune" Rating: 3 out of 5 stars3/5Summary of The Dawn of Everything by David Graeber and David Wengrow Rating: 4 out of 5 stars4/5The Call of the Wild and Free: Reclaiming the Wonder in Your Child's Education, A New Way to Homeschool Rating: 4 out of 5 stars4/5
Reviews for Beating The Bureaus
1 rating0 reviews
Book preview
Beating The Bureaus - La'Teefia High
1 WHAT'S ON YOUR CREDIT REPORT?
––––––––
Your credit report is an essential part of your day to day life, even if you may not realize it at first. Your credit report is used by credit lenders, home mortgage lenders, insurance companies and even employers when each of them determine if they should, or should not, work with you. Do you know what is on your credit report? If not, there has never been a better time than right now to find out.
WHAT IS IT?
The first question that must be answered is the most important. What is your credit report? A credit report is a collection of information about you. This information is centered around your specific ability and experience with credit use. Credit, a form of money that is given to individuals to spend and repay over time, is given by lenders only if they believe you are a good risk to them. Every lender must define what level of risk is acceptable to them, but they base their decisions on the past usage of credit by you.
Let's explain. Over time, creditors lend to hundreds and thousands of people. They develop specific algorithms that help them define who is a credit risk by looking at the patterns in the way that individuals spend using credit. They determine how much risk they are willing to take to work with people. Risk is a calculated tool for lenders. The more risk you are, the more they can charge in the form of interest rates and fees. On the other hand, if there is too much risk from an individual, that individual is unlikely to repay their debts and the lender stands to lose money instead of making it.
What does this mean for you, though? As a borrower, you need creditors to see you in the best light possible. The lenders to the credit reporting agencies directly report the decisions you make regarding credit.
• You obtain a credit card. You use it to make a $100 purchase. The credit card company reports this action to the credit bureaus, which keep track of all of your activity.
• You make a payment on time to the lender. The lender lets the credit bureaus know. This looks good to them. Over time, regular payments increase your credit score.
• You make a late payment on the credit card. The lender reports this to the credit bureaus. This looks bad. Just one late payment will remain on your credit report for up to two years, and can drop your credit score.
––––––––
This record is kept ongoing from the time you first get some form of credit. The more good notches you get from your creditors the better your credit score is. You may be wondering what a credit score is, too.
A credit score is a numerological representation of the credit report. The credit bureaus take all of the information on you and put it into that complex algorithm to get a number that represents your credit usage. Credit scores can be under 350 up to 800, depending on the credit bureau. The higher