Know Your Credit Score
What is Experian?
Experian is of one of the three largest credit reporting agencies who provide consumer credit reports. Operating multiple credit reporting websites, they generated over 2.7 million credit scores in 2003. Experian operates a vast network of credit reporting, credit repair, and credit monitoring services and was the first to offer a report that incorporates consumer credit reports from all three credit bureaus.
Experian has many websites to highlight its various services.
What does Experian offer consumers?
Experian allows consumers to quickly access their credit history and manage their credit decisions wisely. Along with credit reports and credit scores, also known as a FICO score, Experian is partnered in many credit management websites and offers monthly credit repair newsletters via e-mail. They are also partnered with various loan and financial management companies to provide consumers with good credit and bad credit the best possible options for financing and mortgages. Most Experian services are provided at a nominal cost to the consumer, however, they do offer a free 7-day trial where you can get access to your credit score and report.
What is credit?
Credit, a derivative of the Latin word “creditus” (“to believe”), is equivalent to trust. A business is giving you their services or merchandise and trusts that you will pay for these items at a later date.
Credit has become part of our daily financial transactions. As people make fewer cash purchases and rely more heavily on credit cards, debit cards, and automatic banking transactions, your personal credit history is linked to every purchase you make. Consumer credit reports are widely available from the three major credit bureaus – Experian, Equifax, and TransUnion.
From electric and cable bills to credit cards, vehicle financing, mortgages, personal loans, and even job applications, people are viewing your credit rating more often than the average consumer realizes. This is one reason is has become more important than ever to maintain a good credit history. Making payments on time, avoiding unnecessary debt, and keeping your spending under control are ways to ensure your good credit doesn’t become bad credit.
Get Your Free Credit Report at FreeCreditReports.com