The Three Credit Bureaus and What You Should Know About Them

Your credit is something that affects your life in many ways, and there are three different reporting bureaus that you should know about. There is Experian, Equifax and TransUnion. If you want to maintain good credit over the long term, it is a good idea to learn about each of these bureaus. This is something that a lot of people never bother doing, and they pay for it as a result.


Experian is based in Ireland and has credit details on over 220 million Americans and businesses in the U.S. You can get a copy of your credit report with this bureau from This credit bureau has a credit score range of 300 to 850.

They offer a service called Credit Tracker, which gives you a copy of your credit report, FICO score, fraud resolution support, access to a phone support line, and daily credit monitoring. You do have to pay for this service, but it could be well worth it.


You can get a copy of your credit report from TransUnion’s official website, but you will have to pay for it. Their credit scores go from 300 to 850 and there are many different kinds. There is the standard FICO score as well as VantageScores and business scores.

This credit bureau offers a tenant screening service called TransUnion SmartMove. This service will allow you to get valuable information on prospective renters so you can choose the right ones. It doesn’t cost a whole lot and can be incredibly useful. The background checks this bureau offers can provide you with lots of useful details on applicants.


Equifax offers FICO and VantageScores, allowing you to see exactly where you stand with your credit. You will be able to calculate your score using a variety of models. This bureau’s score range goes from 300 to 850 like the other two.

The Equifax Complete service provides you with comprehensive and convenient credit monitoring services for a monthly payment. It will give you your credit reports, scores and various alerts.

Looking at Your Credit Report

There are a number of things that you need to look at when looking at copies of your credit report. You will need to make a point of looking for mistakes, because they do sometimes happen. If you see any errors on your report, you need to file a complaint with the appropriate bureau. The sooner you do this the sooner you will get the mistake taken off, but it can take a while. You also need to make sure that all of your personal and contact information is up to date.

What is Included in Your Credit Report?

There are a number of different things that you might find on your credit report, including missed or late payments, payment history, foreclosures, liens, bankruptcies, civil suits, credit limits, and personal details. You will also find the total number of inquiries. An inquiry is when a company has run a credit check on you for a loan or for some other reason.

How to Achieve an Ideal Credit Score

If you want to work on building up your credit to get the highest possible score, it is important that you do a few key things. It is crucial that you pay all of your bills on time. Being late on even a single payment can really work against you. You should also be careful about your credit utilization. You don’t want to use too much or too little of the credit you have been given. Make sure that you only apply for credit when you absolutely need it. Submitting too many applications in a short period of time can chip away at your score.

Credit Monitoring Agencies

You should at least consider taking advantage of the services offered by a credit monitoring agency. These agencies will provide you with regular updates on your credit score so you know exactly where you stand. If you are trying to improve your credit, this type of service can be incredibly useful. It will also notify you if you become a victim of identity theft. You shouldn’t need to pay very much, and it can be well worth the cost.

A person’s credit has a big impact on their ability to get a loan and many other things throughout their life. It is therefore crucial that you have a full understanding of the major credit bureaus as well as how to check and improve your own credit. The more time and effort you put into boosting your score, the easier your life will be. Any fiscally responsible adult needs to make a point of checking their credit report at least once every year. This information will help you to stay on top of your finances in a big way.

6 Options for Securing a Loan for Your Small Business

If you are in need of funding for your small business, there are multiple options to consider. Whether you are ready to expand with new locations or you need money to get through a difficult period, it pays to know what your options are. This article will provide you with information you can use to effectively secure financing for your business. Despite what many people think, it’s not all that difficult as long as you do your research.

  1. Get a Microloan

Microloans are given out by nontraditional lenders in amounts of anywhere from $3,000 to $20,000. Private companies such as Payday Loans Online give out loans to small businesses all the time. It is even possible to get one of these loans if you have bad credit. This can be a great option to look into if you need money to grow your business. Interest rates usually range from 12-20%, though it depends on a number of factors. If you manage to make all of your payments on time, you will significantly improve your credit.

  • Use a Credit Card

Sometimes it is a good idea to use a credit card when you need something for your business. If you need to make a payment on your lease or need new equipment, this is an option to consider. A lot of struggling businesses have successfully used this method to obtain the funds they needed to stay afloat. There are plenty of credit cards with 0% introductory rates that you will want to look into. This could provide you with the money you need without having to pay anything extra. You will, however, have to pay back everything you borrow by the time the introductory period expires.

  • Create a Partnership

You can also try forming a partnership with another business to grow your own without having to take on all the financial burden yourself. The right partner can help you meet your goals by providing you with the necessary financing. This is an especially good option if you have bad credit and cannot get a traditional bank loan. It is important to carefully evaluate a business before partnering with them. This sort of arrangement usually comes with a number of terms. You will have to give up some of your ownership rights, but it could be worth it overall.

  • Payday Loan

If you only need to borrow a small amount of money for your business, a payday loan could be a good solution. These short-term loans can give you up to several thousand dollars at a time. One of the best things about this option is that it doesn’t require good credit. Most private lenders that give out these loans don’t even run a credit check on applicants. As long as you can show the lender proof of your financial viability, you should be able to get the money you need. Make sure that you compare interest rates from different lenders so you don’t spend more than you have to. These days there are hundreds of payday loan lenders to choose from, so you don’t want to select just any of them.

  • Crowdfunding

You also have the option of crowdfunding to get the money you need to support your business. This basically involves going online and requesting that people give your business the money it needs. This money could be a donation or an investment, depending on the angle you want to go with.

It can actually be a very effective way of obtaining money for your business. Indiegogo and Kickstarter are just two of the more popular websites for crowdfunding that you should check out. If you are going to start a crowdfunding profile, make sure that it is very detailed. People won’t be likely to give you money if they don’t have a lot of information on your business.

  • Secured Loan

A secured loan can also give you the money necessary to expand your business effectively, but it can also be risky. This involves using one or more of your assets for collateral so you can get the loan. It is one of the better ways to acquire a small business loan if your credit is in bad shape. You could use your home or even your business itself for collateral. Just make sure that you take a look at your finances before deciding whether or not to do this.

When you find yourself in need of funds to grow your business or just get by, you will need to explore each of these options. You should also make a point of checking your credit report before trying applying for a single loan. This will give you a better idea of what to expect from lenders. There are lots of bad credit loan options you can take advantage of.