Credit Services

This credit services section provides you with valuable information about credit reports, credit cards, credit monitoring, credit counseling, credit restoration and how to attain credit and to use credit wisely. This credit services section also provides you with the resources and the tools to attain credit and to maintain your credit worthiness.

Credit is the act of granting a loan by one party to another party. The first party is called a creditor (the party loaning the funds) also known as the lender and the second party is called the debtor or also known as the borrower.

Credit history is your current and past credit that is compiled into a credit report with three credit scores. The credit report and credit scores a person has typically determines how much they will be permitted to borrow, for what purpose, for how long, and at what interest rates. Responsible use of past credit is a key factor in obtaining credit in the future.

There are two key factors to determining issuance of credit. The first factor being a person's income is an important indicator of a person's ability to repay, particularly when compared to the amount of debt they have to income. The second factor is their credit score and their past borrowing history. A person who has already had credit and how well they handled repayment is also a good indicator of how they will pay and their intention to repay the credit issued.