Credit Scores | Lincoln Personal Injury Lawyers

Common Misperceptions About Credit Scores

By: Jeffrey Lapin Many people are confused about their credit scores. In a previous post, Credit Scores: How Are They Calculated and Why Are They So Important, the basics of the importance of credit scores how they were calculated was discussed. The following are some of the most common misperceptions about credit scores:

Credit Scores: Why Are They So Important and How Are They Calculated

Tags: Credit Bureaus, Credit Scores, Fair Credit Reporting Act, FCRA|

By: Jeffrey Lapin Anyone who has borrowed money, obtained a credit card or incurred any type of debt from a commercial or financial entity has a credit score. Credit scores, which are calculated from information on your credit report, are simply numbers used to gauge the risk a person poses if they are lent money