Credit Reporting Scores

Credit Reporting Scores

Credit Report Score: Important for Your Finances

Credit Report Score helps you to know how credit worthy a person is. It is basically your personal financial report card and in other words it’s nothing but all your Credit History. Certain things related to our daily life such as where you live and work to how much you pay for a loan or insurance gets affected by your credit report. Many of us do not know our Credit Score unfortunately. According to the Government Accountability Office if you take an approximate you will come to know that only 33 percent of consumers know their Credit Scores.

It is not easy and cheap to obtain any loan and it will surely burn a hole in your pocket, in other words it is the interest rate that you are prepared to pay on the loan. Any minute default can bring your fico score down and any number of things can do this to you. The consumers are not even aware of this negative piece of information most of the times as they do not have copies of their Credit Reports to be able to fix errors and this is why it is so important to provide basic information on Credit Report Scores.

It is equally as important to know your credit report score and what is on your credit report is as important it is to know how much money is available for you. It could cost you money if you do not know this. One should always know where he financially stands at the end of the year and also what the credit report is. Thus this report helps to keep all the track of your purchasing and payments of your bills and many other financial matters.

About the Author

Jess Parker is an expert author in writing finance & internet marketing articles. To know more about Credit Report Score & Free Credit Report visit: http://www.creditreportscore.me.uk/

Reporting deliquent accounts to the Three Credit Reports??

I work for a psychotherapst in a private practice. We have several accounts (the patients of course no longer come for sessions) with past due balances in the thousands of dollars. I am interested to know how, or even if, small businesses can report pass due accounts to the three companies that provide credit scores and reports? I am aware that there may be some issues of breech of confidentiality by releasing the info, so will not proceed until I have addressed them, but would like to know if reporting them to the agencies is even possible for small companies. Thanks so much.

WEll to my knowledge . Yes you can you have to look into it more contact the agencies. I worked for a small practice as well and it wouldnt be that long before I would send the account to collections. Def, the owner didnt play at all. Like she wouldnt allow the acount to go to thousands of dollars before sending the account out. Im not particularly sure about the details but for the software accounitng books I used it was just a matter of sending them to collections. Which there account would not be in my active patients anymore the whole account would go to a select group and then id say she would turn those accounts over the the Credit Bureau and what not. Id suggest contacting the credit companies.

http://www.transunion.com/corporate/business/business.page

http://www.equifax.com/biz/index.shtml

http://www.experian.com/business_services/index.html

Good Luck

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