The five parts of a credit score
Most models weigh payment history, amounts owed (utilization), length of history, new credit and credit mix. Payment history and utilization usually matter most.
How to read your credit report
Check personal information, accounts, payment history, inquiries, collections and public records. Compare all three bureaus because they can differ.
How disputes work
You may dispute inaccurate or unverifiable items with the bureau and with the company that reported them. Bureaus generally must investigate, usually within 30 days. You can do this yourself at no cost.
How long items stay on your reports
Most negative items can be reported for about seven years; some bankruptcies longer. Time limits are set by law, not by any service.
Building credit safely
On-time payments, low utilization, a secured card or credit-builder loan reported to the bureaus, and keeping old accounts open when it makes sense.
Business credit basics
Lenders look at your business identity (legal name, address, phone, EIN), registrations, bank history and trade accounts reported to commercial agencies. Keep business and personal finances separate.
Getting ready for funding
Know your reports, reduce utilization, organize tax returns and bank statements, and match your applications to the same facts everywhere. Never misstate information to a lender.
Credit scams to avoid
Be wary of anyone who wants payment first, promises to erase accurate items, or says to create a new credit identity (sometimes called a CPN). These are red flags and can be illegal.