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Are you worried or stressed out about what is reporting on your credit report?
[ctt template=”8″ link=”SN69e” via=”no” ]Since credit reports are used more and more to identify and qualify consumers for all types of services, having good, or at least fair credit, is very necessary. – @MsMadamMoney[/ctt]However, if our credit is “colorful” (Ok… bad), it can inhibit access to what we need, like insurance, utilities, employment, mortgage as well as consumer credit.
Whether the trade lines (credit accounts) are reporting incorrect or outdated information; or if there accounts on the credit report that is not yours, you should be aware of what is reporting and take the appropriate action to dispute the erroneous information.
The best way to begin the process of fixing or restoring credit is to obtain free copies of the credit reports at annualcreditreport.com. It is important to understand what each credit reporting company is reporting about you, since the credit reporting companies do not report to each other.
Now, there are several legitimate concerns regarding what and how credit accounts are reporting on the three major credit reports (Equifax, Experian and TransUnion). However, some people concern themselves with the wrong things when it comes to their credit.
In this episode of Financial Fornicating with Madam Money Podcast, I share:
- Three things to NOT stress out about when you are working to restore your credit
- The Anatomy of the Credit Score
- How to refocus to work on areas to help you reach your credit restoration goals
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Episode Sponsor
This episode is sponsored by DUALpreneur.com. Are you a full-time employee and an entrepreneur? If so, you are a DUALpreneur and you understand and value the concept of Multiple Streams of Income. DUALpreneur.com provides tools, resources and services to help DUALpreneurs “Do It All, Have It All and Be It All.” For more information, visit DUALpreneur.com.
