Ilyce Glink and ThinkGlink Announce New Credit Education Series Sponsored by Equifax
CHICAGO, January 30, 2020 / PRNewswire / – Americans Transport $ 13.95 trillion in total household debt, according to 2019 data from the Center for Microeconomic Data – this includes credit card debt, mortgages, home equity lines of credit, and auto loans.
In a new Credit 101 series in 5 parts, Ilyce Glink explores common questions about credit reports and credit scores. The series, sponsored by Equifax, will help consumers better understand their credit reports, explain the different types of credit scores, and how a consumer’s credit history can influence a consumer’s ability to get approved for mortgages, auto loans, credit cards or other credit accounts.
The series is designed to help consumers make more informed decisions at crucial financial moments in their lives.
Here’s a look at the first article in the series. Lily full article on ThinkGlink.com.
Part 1: What’s on Your Credit Reports?
Your credit reports summarize your borrowing and debt repayment history. They help potential lenders and creditors assess how you have handled your debt repayment in the past, which in turn can help them decide whether to offer you credit and on what terms.
Although each of the three national consumer reporting agencies formats and reports your information in a slightly different way, credit reports typically include the following:
- Personally Identifiable Information. This includes identifiers such as your name, address, social security number, and date of birth.
- Credit accounts. This includes open lines of credit, including mortgages, installment loans, revolving accounts, and other loans.
- Credit inquiries. This section lists the companies that have accessed your credit history.
- Potentially negative information. Your reports may include a section on potentially negative information such as bankruptcies.
It’s a good idea to regularly check your credit reports to make sure they are accurate and complete and to make sure you recognize all accounts and activity on the report.
You can create a myEquifax account (at www.myEquifax.com) to receive six free Equifax credit reports each year. Or you can click “Get My Free Credit Score” on your myEquifax dashboard to sign up for Equifax Core Credit ™ for a free Equifax monthly credit report and free monthly VantageScore® 3.0, data-driven credit score Equifax. A VantageScore® is one of the many types of credit scores.
As a syndicated financial journalist, media personality and founder / CEO of an award-winning financial wellness company, Glink has spent her career empowering consumers by providing them with accessible and comprehensive financial information. She chose to work in partnership with Equifax, a leader in consumer credit education and looks forward to sharing this new educational series with consumers, providing easy and accessible answers to some of the most common questions. current on credit.
The series will be updated weekly on Ilyce’s website, thinkglink.com.
ABOUT ILYCE GLINK
Ilyce Glink is an award-winning, nationally syndicated columnist, best-selling author and media personality, and the best-known consumer advocate for buyers, sellers and owners and publisher of ThinkGlink.com. She is also the founder / CEO of Best money movements, an award-winning employee benefit that helps employees measure and reduce financial stress using a unique content mapping system. Follow her on Twitter.