Little Know Credit Score Facts You Should Know!

LITTLE KNOWN CREDIT SCORE FACTS BROUGHT TO YOu by NewHOrIZON.ORG Most consumers get their credit reports from one of the Big 3 credit bureaus. But there are actually hundreds of smaller credit bureaus located all over the US. EQUIFAX EXPERIAN TRANSUNION Laws governing how credit scores are calculated are the Fair and Accurate Credit Transaction Act (FACT) and the Equal Credit Opportunity Act (ECOA). The FACT Act entitles consumers to a free annual copy of their credit report from the three major credit bureaus. But that report DOES NOT INCLUDE YOUR CREDIT SCORE. FACT The ECOA prohibits lenders from considering gender, race, nationality and marital status when making credit decisions. Under the Doss- Frank financial Reform bill requires the bureaus to provide credit scores to applicants. But that doesn't mean they have to do it for free! NewHorizon BUSINES S SERVICES INC.