Archive for September, 2011

Credit Card Age Requirement

Friday, September 9th, 2011

In 2009 the Credit Card Accountability Responsibility and Disclosure Act was signed by President Obama into law. Among many other things it did for consumers, the law set an age requirement or age limit for new credit card applicants. The law states credit card companies cannot issue a credit card to consumers under the age […]

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Generic Credit Scores Versus Custom Credit Scores

Thursday, September 8th, 2011

A consumer today has potentially thousands of different credit scores. This leave the consumer in a difficult position. They must determine what score is most important to them based on the lending they will use or are already using. Generic Credit Scores Generic credit scores are usually what you think about when you think of […]

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An Overview of Employer Credit Checks

Wednesday, September 7th, 2011

Almost all employers do some type of background check.  This might include calling your references, checking your criminal record, or driving record, and reviewing your credit history.  For employers, your credit is seen as a level of your personal responsibility and in jobs where monetary decisions are made, could used as a measure of your […]

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How Your Credit Score is used

Wednesday, September 7th, 2011

The primary purpose of a credit score is determining creditworthiness and likelihood a consumer will not default on a loan or debt.  It is one of the main tools used by lenders when making the initial lending decision.  While this is seen as the main use there are a few others: Credit Score in Marketing You might see a […]

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