If you’ve ever applied for a credit card, personal loan, or insurance, there’s a credit report about you. It is full of information on where you live, how you pay your bills, and whether you’ve been sued, or filed for bankruptcy. Consumer reporting companies sell the information in your report to creditors, insurers, employers, and other businesses with a legitimate need for it. They use the information to evaluate your applications for credit, insurance, employment, or a lease. You should know all about your credit report. Inaccuracies in your credit report can cause higher interest rates, longer payment terms and denial of credit.

Credit Cards, Loans

Credit cards and loans can make life more manageable. Having the ability to borrow a sum of money to pursue a dream or handle an emergency is part of the American Dream. This is where your credit karma or how well you’ve paid your bills in the part will come to light. If you have credit cards now find out if the rate you have is the lowest. Find Credit Cards

Never borrow money you can’t pay back.  Leverage or borrowing money against an asset is what drives the economy. Borrowing money against your house or your paycheck can be a benefit or a bummer. Find out more about borrowing money Loans

Bank Accounts and ChexSystems

Some folk have had problems in the past with a bank account. Banks and credit unions report incidents to ChexSystems if your account is closed for cause. What is for cause? Banks differ greatly between them as to what valid reasons are for closing an account. Some banks open a bank account without a credit check Non ChexSystems Banks