There are so many ways one can explain credit management, but let’s stick with this: Credit management means making timely payments, managing debts, using credit wisely, and taking steps to put your credit in the most positive light possible.
There are also many terms you need to know. If you try to do this without knowing common terms of credit management, you are going to find yourself drowning in a sea of confusion and- possibly- giving up before you even get started well.
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Read MoreYou may have heard the terms credit score and credit report. You may know that your credit score impacts getting a mortgage, a new car, and even insurance for that car. Have you ever been denied a credit card or a personal loan? Did you ever find out why? Do you really understand why your credit score impacts those items?
It all starts with a credit report that lists your entire credit history and ends with a three-digit number. To make matters worse, it may seem confusing when you learn there are different credit bureaus that all report a little differently. Keep reading to find out more information about all of the credit bureaus, including the fourth one of which you rarely hear.
Read MoreEven if you do everything you can to protect your own identity, so many organizations have suffered from breeches and loss of information that directly impact you. No matter what you do, you cannot always be sure that your information is always protected. You must put every precaution you can in place and keep your eye on your own information.
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