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...
