Archive for April, 2011
ReallyFreeCreditScore.com Named the Last Honest Credit Score Website
Posted by admin in Free Credit Score on April 30, 2011
ReallyFreeCreditScore.com Named the Last Honest Credit Score Website
Los Angeles, CA (PRWEB) August 13, 2010
Really Free Credit Score (http://www.reallyfreecreditscore.com), the entirely gratuitous credit score hub allows you to access, leverage, and better your credit score is named the last honorable credit score website. With so many “gratuitous credit score” sites touting a costless credit report, but to charge you an arm and a leg for that three-digit score, ReallyFreeCreditScore.com is an energising of breath air as the last honorable website where you can get your completely gratis credit score.
“We are very happy to be recognized and named the last honest credit score website. We are committed to helping consumers empower themselves by becoming more aware of their credit score and financial health,” said Benjamin Bird, founder and CEO of ReallyFreeCreditScore.com. “Becoming self-aware of what financial actions need to be done in order to improve consumers’ credit health is key to become better with your own finances.”
ReallyFreeCreditScore.com provides all visitors with access to a totally free credit score as many times as they would like to sign up. It is a well known fact that checking your credit score yourself will not hurt your credit. The website includes a plethora of information to help consumers know all the steps on how to improve their credit score, dispute any incorrect information on their credit report, and information regarding removing negatives from their credit history.
ReallyFreeCreditScore.com is a consumer-oriented company and is serious about your privacy and promises to never share your information or sell your information.
About ReallyFreeCreditScore.com
Based in Los Angeles, California, ReallyFreeCreditScore.com is a customer-oriented credit hitting accompany devoted to help empower consumers to improve their credit health by allowing them to leverage their credit score as often as they would like to in an effort to better their credit rating. At http://www.reallyfreecreditscore.com, visitors can also learn about what actions tin be interpreted to maintain a high credit tally, actions required to revive a poor credit tally, and also to identify problems or publishing within their credit reporting.
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, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
New Easy to Understand Consumer Credit Score is Introduced by Equifax, Experian and TransUnion
Posted by admin in Credit Score on April 30, 2011
New Easy to Understand Consumer Credit Score is Introduced by Equifax, Experian and TransUnion
Brooklyn, NY (PRWEB) March 15, 2006
Surprisingly good news for consumers were announced by the three major consumer credit reporting bureaus. An unified VantageScore(SM) credit score is being introduced to replace the currently confusing field of multiple credit scores offered by the three competing credit bureaus.
Currently, each credit bureau uses a proprietary credit score to rate credit worthiness of each consumer. Creditors use credit scores derived from credit reports to grant or deny credit, including credit cards, loans and mortgages.
Different creditors use credit scores from Equifax, Experian, TransUnion or FairIsaac. Fair Isaacs produces the best known credit score, known as the FICO™ credit score. Because of the differences in formulas used by competing credit agencies, the same consumer can have either good or bad credit score depending on who does the scoring. This variability in credit score-based credit worthiness creates nightmares for thousands of unlucky credit seekers who score badly with one of the credit bureaus despite having a good credit history.
Credit-Score.org, the authoritative guide to consumer credit scoring, introduced a news section devoted to the new VantageScore (SM) credit score. It helps consumers understand the Vantage Score (SM) credit score and to transition from the current system.
“Introduction of a simplify and unified Vantage Score credit score is a victory for consumers and creditors alike, who until now had to grapple with confusing and often contradictory imputed scoring algorithms,” said credit score expert and editor of Credit Score Online Information Center, David Caro.
Under the new scoring system, credit hitting differences between credit reporting companies, Equifax, Experian and TransUnion will be attributed to data differences within each of the three consumer credit files. Credit tally will no longer vary due to the variation in the credit scoring algorithm model since the same formula will be used by all credit bureau.
VantageScore will offer consumers and businesses a highly predictive, and uniformly reproducible credit tally that is easy to understand and apply. VantageScore uses score ranges from 501 to 990.
According to credit-score.org, a credit score of 501 is equivalent to the low possible credit score that signifies significant credit risk. A consumer with a lower credit hitting is expected to have difficulty obtaining credit and will pay higher interest rates.
A score of 990 signifies excellent creditworthiness. A consumer with an excellent credit score is expected to benefit from the lowest possible interest rates and ease of obtaining credit from creditors.
VantageScore assigned score is derived from consumer credit reports managed by Equifax, Experian and TransUnion. According to Steve Brown, a credit consultant from Denver, Colo., accuracy is a big problem when it comes to credit account. “The ‘big 3’ reporting agencies maintain files on roughly 90 percent of all American adults,” says Brown.
“What’s scary are the estimates that roughly eight in 10 reports have serious errors or other mistakes of some type.” He cautions that it is ultimately up to the consumer to make certain the reporting agencies get their information right.
Keeping a constant watch on your credit report and your credit score can be simplified with continuous credit monitoring services. http://www.free-credit-reports.com is a consumer advocacy resource recognized for continuous monitoring of special offers from the credit bureaus. Consumers will find reviews of free credit report offers from Equifax, Experian and TransUnion. Free credit score and report offers are also reviewed and updated monthly.
About Credit Score Information Center
Credit Score Information Center is a swelling respected consumer resource on consumer credit scoring. It helps consumers understand what attributed score is, how attribute score is used and how to improve credit.
For more information, visit the company’s Web site at http://www.credit-score.org
Contact:
Alex Shtenshlyuger
Phone: 917-541-5393
Email: alex@credit-score.org
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©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.