Credit Bureau of Albert Lea
If you are a consumer, the content on this website was produced by a debt collection agency and any information obtained could be used for the collection of a debt. The information contained on this website should not be interpreted as legal advice. If you have questions regarding any interpretation of the law, contact your attorney.
Understanding Your Credit History and Score
When   you   apply   for   a   loan   or   a   business   extends   you   credit   they   want   to   know your   credit   risk   level.   There   are   three   major   credit-reporting   agencies...Equifax, Experian   and   TransUnion,   that   maintain   your   credit   record.   These   records   are called   credit   reports   and   lenders   will   want   to   check   your   credit   report   when   you apply   for   credit.   The   Credit   Bureau   of   Albert   Lea    is   a   reporting   company, when   debt   (money   you   owe   another   person   or   business   that   has   remained unpaid)   is   turned   over   to   us   we   report   that   debt   to   all   three   of   the   major   credit reporting agencies.
What is a credit score?
A   credit   score   is   a   number   that   summarizes   your   credit   risk,   based   on   a   snapshot   of   your   credit   report   at   any   particular   time. A   credit   score   helps   lenders   evaluate   your   credit   report   and   estimate   your   credit   risk.   Keep   in   mind   each   lender   has   its   own strategy and criteria when assessing credit scores, including the level of risk it finds acceptable.
What is your credit score?
750-840 660-749 620-659 310-619
Excellent Good Fair Poor
All Is Not Lost!
Having   a   higher   credit   score   of   course   is   best.   By   taking   steps   today   you   can   begin   to   improve   your   score.   Come   up   with   a budget   that   allows   you   to   start   making   payments   or   pay   off   money   you   owe.   These   payments   are   reported   and   as   your   debt goes   down   and   time   goes   by   your   credit   score   begins   to   improve.   Pay   your   bills   on   time.   The   best   advice   is   to   manage   credit responsibly over time.
Don’t Procrastinate!  Start Improving your Credit History TODAY!
You, as a consumer are entitled to a free credit report once every 12 months. To obtain a free credit report go to www.annualcreditreport.com   or phone (877) 322-8228 If you wish more information on understanding your credit score, you may go to  www.myfico.com
Other Contacts...
Experian www.experian.com (866) 200-6020
TransUnion www.transunion.com (800) 888-4213
Equifax www.equifax.com (800) 685-1111