Posts Tagged ‘Experian’

Free Credit Reports: What You Need To Know

The CARD Act, the new law regulating credit card companies also sets forth  a new regulation  regarding companies that use free credit reports to entice people to enroll in paid services such as ordering credit scores, credit score monitoring, and identity theft protection services.

Basically, the new rule is this: anyone who provides free credit reports must let people know that they can obtain their government mandated annual credit report (three reports in total, one from each Credit Bureau) from This website has been established as the centralized location to allow people to obtain their credit reports for free.


New Credit Score To Evaluate Small Business Risk Available From Experian

Experian, one of the three credit reporting  bureaus now has a score that evaluates small business risk. This score predicts which small business applicants are more likely to become delinquent on their credit cards and other loans within the next year.

While it is unknown what data go into this new scoring model, information from Experian’s website suggests that it includes more than just lines of credit, credit card payment history, and rental or lease payment history. It seems that it also includes payment histories on utility accounts and trade accounts as well.

The Small Business Credit Share(SM) score appears to range from 0 to 100, where 0 represents the highest risk and 100 represents the lowest risk.

Experian claims that this scoring model is highly predictive of small business risk. Time will tell if this is the case.

Buy VerizonCell Phones and Save. | Thanks to Bank Rates & Reviews, CD Rates and UK Loan
Easy AdSense by Unreal