Credit Scores and Monitoring

If your credit report shows late payments because you were deployed to a combat zone, what might you do to clean up your credit report?

• Send a note to the credit bureau that you were in combat rotation for three months with limited ability to pay your bills but have caught all the bills and late fees up.

• Send a note to the credit bureau saying you were very busy at work and did not have time to pay bills.

• Send a note to the credit bureau saying you completely forgot about the due dates.

• Send a note to the credit bureau that you are only 15 years old.

Where does your credit score come from?

• It is calculated from your work and sent to Equifax, Experian, and TransUnion.

• It is based on information you provide to Equifax, Experian, and TransUnion.

• It is based on information in the credit reports compiled by Equifax, Experian, and TransUnion.

• It is calculated by Equifax, Experian, and TransUnion.

Cody's credit report lists two different addresses in Lakeville, CT. What might be an explanation for that?

• Cody's family owns more than one property.

• His family moved while he was growing up.

• Someone else with the same name lives at the second address.

• One is his home address and one his work address.

Cole just moved to a new neighborhood. He called the electric company to switch the utilities for his new home from the landlord to himself. Why would the electric company request a copy of Cole's credit report?

• They needed to decide whether to require Cole to provide a deposit.

• Cole had applied for one of the company's credit cards and they wanted to find out if he was a good borrower.

• The company does background checks on all potential employees.

• Federal regulations require them to make that request whenever someone signs up.

What do Equifax, Experian, and TransUnion do?

• compile credit reports on individuals

• decide whether to approve or reject a loan application

• ensure no one is able to see their credit report

• help you to improve your credit score