One's credit is
comprised of their credit history, debt-to-income ratio, LTV
ratio and employment history.
A credit history is
a record of how money owed has been repaid. It is negatively
affected by late payments, too much open credit, debt, too many
credit checks, collections or judgments against the individual,
There are three
major credit reporting agencies and each may have differing
information about your credit history in their reports. These
are Equifax, Experian & Trans Union. It is recommended that
individuals review their credit reports at least once every
couple of years.
MORE TOPICS IN: Money