A good credit score has its perks. Credit card companies may send you interest credit card offers with a 0% interest rate. But if your credit report gives them a less favorable credit history on you, you may still receive lower interest rate credit card balance transfer offers in order to tempt you to transfer one or more balances over to their credit card. But beware…
What You Should Know About Balance Transfers
Credit cards are big business for financial institutions. After checking your credit report and credit score, financial institutions may …

What is a Credit Report?

If you have applied for credit, be assured there is a credit report on you including where you live, date of birth, place of employment, income, and whether you pay your bills on time or not. It is very detailed. Your credit report is used to evaluate your debt-to-income ratio and you as a credit risk. There are three separate credit bureaus (Credit Reporting Agency) that create the reports: Experian, Equifax, and TransUnion. The credit bureaus are in business to earn a profit by selling your …