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Credit-Driven Society

It is a fact of life that we live in an economic society in which our credit worthiness is highly valued.
The stronger our credit, the cheaper life becomes!
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The following are some of the industries that may take into consideration our credit worthiness:

1. Car Purchasing

 2. House Purchasing

3. Insurance Purchasing: Auto & Home

4. Cell Phone

5. Apartment Renting

6. Job Hunting
Credit Bureaus:

There are three main credit bureaus. They collect and store personal financial information. They are as follows:

   - Equifax           1-888-567-8688        www.Equifax.com
  - Transunion      1-800-916-8800        www.transunion.com
  - Experian         1-888 397 37421      www.Experian.com

Credit Reports:

One is entitled to a free copy one's credit report on a yearly basis. In essence one could review one's credit report every four months as there are 3 different bureaus.

These reports can be  accessed at:
www.annualcreditreport.com.
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Credit Scores:

A score is derived from the information stored in the credit bureaus. These scores determine one's credit-worthiness.

There are different scores out there, including ones put out by the different credit bureaus.

The score most widely use is the FICO score developed by the Fair Issac Corporation.

This score is used by most financial institutions.

One can obtain a copy of this score for a fee at www.MyFico.com
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Credit Cards: Secured

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