Jan 10 2017

North Carolina Credit Scores – Available for FREE #free #credit #checks #online

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Free Credit Score: Start Here


What is Credit History?

Your credit history begins right from when you first borrow money or apply for credit. It holds in-depth detail of your past financial activities which includes when and how much you borrowed or repaid, any late payments (normally 30+ days overdue) and even bankruptcy information. Your credit history indicates your ‘credit worthiness’. It is valuable information for major lenders (such as credit card companies, banks, auto loan companies, mortgage companies) when they need make a decision on whether or not to lend you money and at what interest rate if so.

Be Informed of Your Credit Report

One of the main tools for lenders to determine how much to lend you and at what interest rate is your credit report. It sums up all the descriptive information from your credit history. Your credit worthiness is a score or rating that is commonly included with your credit report. TransUnion, Experian and Equifax are three major credit bureaus that supply credit reports. They implement the FICO model in assigning FICO scores between 300-900.

What Your Credit Tells NC Companies

Your credit worthiness significantly impacts your way of life in NC. It comes down to having a good credit when applying for credit cards or qualifying for mortgages. Knowledge of your credit history and credit worthiness is very valuable.

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