Infographic: Credit Report 101

This infographic really caught my eye as knowing what you credit report is and how you effect it is crucial in all you financial decisions. While I don’t advise you to get a loan if you dont have one simply because it may benefit your credit report (or something similar to this tactic) it is important to know how the financial moves you make effect your report and score as they are all intertwined in a circle where if you begin to degrade in one the rest will follow.

creditreport101

Edgar @ Degrees and Debt

AuthorEdgar @ Degrees and Debt

Founder of Degrees and Debt. Edgar just wrapped up his MS in Project Management with a focus on Information Security Management. Battling back to even from student loans, mortgage and credit card debt is an art Edgar is learning to master. This is his journey.

5 thoughts on “Infographic: Credit Report 101

  1. TacklingOurDebt

    Excellent infographic! When people are working on rebuilding their credit score using revolving accounts lightly but regularly is extremely important. And using a secured credit card is definitely another way to rebuild your credit score.

  2. Fun infographic. We just our credit scores regularly (bf checks monthly and has signed up for a service, I check mine monthly with free software, but also get free paper reports yearly) and try to monitor that everything is correct and our scores stay high.

  3. I really like this one Edgar, lots of information and a real board game feel to it 🙂

  4. Since #wars begin in the #minds of men, it is in the minds of men that the defenses of #peace must be constructed

  5. I enjoy, lead to I discovered exactly what I used to be looking for. You’ve ended my 4 day lengthy hunt! God Bless you man. Have a great day. Bye
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