What Families in Financial Difficulty Should Know about Credit Reports and Credit Scores
This is an excellent article by the National Consumer Law Center that explains essential information about credit reports and credit scores. What Is a Credit Report? Your credit report is a record of how you have borrowed and repaid debts. Almost every adult American has a credit file with each of the three major national credit bureaus: Experian, Equifax, and TransUnion. Many but not all creditors report each month electronically to one or more of the credit bureaus the status of each of their accounts. Your credit report is a record of the history and description of the status of...
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