We've detected that your browser does not support scripting.
Scripting must be enabled to use Avvo. Turn on scripting and reload this page.

Credit Repair

Credit Score

For something that affects so many aspects of daily life, credit scores are fairly complicated and difficult for many people to understand.

Use these guides to find out exactly what goes into your credit score and what those numbers mean, as well as what situations negatively affect your credit score and by how much.

Next: Repairing Your Credit

Legal Guides

Credit Report Scores

Written by attorney Theodore Araujo.

What is a credit score?. While there are three credit reporting agencies ("CRA's) there are currently two formula's that people use to calculate a credit score. These are known as "FICO" and "... more
Fair Credit Reporting Act

Written by attorney Edward Hanratty.

The Fair Credit Reporting Act 15 U.S.C. 1681 is a federal law. The Act is designed to prevent the inaccurate reporting of credit information and thereby avoid damage to the public at large and... more
Understanding Your Credit Scores… and their impact on your interest rates!

Written by attorney John Crane.

Overview. Anyone who has bought a home can attest to the stress caused by the loan approval process. Once the closing is over, most purchasers feel a huge sense of relief. Often, the stress... more
Determining Your Credit Score

Written by attorney Theodore Araujo.

Paying Bills on Time. This represents 35% of the credit score. Late payments of more than 120 days or more re the worst for your score. They are often listed as "charge off". Payment histories... more
Free Credit Report - How and Where

Written by attorney Stanley Lockhart.

Getting Your Credit Report. An amendment to the FCRA requires each of the nationwide consumer reporting companies — Equifax, Experian, and TransUnion — to provide you with a free copy of your credit... more