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    credit references – retail stores, banks, or other people or places with whom they had done business in the past. As a matter of
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    We all know that our financial transactions are reported to credit agencies that track how well and how quickly we pay our debts and that when we apply for a loan for one reason or another, those agencies report our credit history to prospective lenders. However, most of us don’t know a great deal about how that actually happens and how our credit is rated.

    The fact is that credit reporting has evolved to an industry all of its own. Just a few short years ago, when someone applied for a loan, he or she put down credit references – retail stores, banks, or other people or places with whom they had done business in the past. As a matter of c

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    d that when we apply for a loan for one reason or another, those agencies report our credit history to prospective lenders. However, most of us don’t know a great deal about how that actually happens and how our credit is rated.

    The fact is that credit reporting has evolved to an industry all of its own. Just a few short years ago, when someone applied for a loan, he or she put down credit references – retail stores, banks, or other people or places with whom they had done business in the past. As a matter of

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    r, most of us don’t know a great deal about how that actually happens and how our credit is rated.

    The fact is that credit reporting has evolved to an industry all of its own. Just a few short years ago, when someone applied for a loan, he or she put down credit references – retail stores, banks, or other people or places with whom they had done business in the past. As a matter of

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    porting has evolved to an industry all of its own. Just a few short years ago, when someone applied for a loan, he or she put down credit references – retail stores, banks, or other people or places with whom they had done business in the past. As a matter of
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    credit references – retail stores, banks, or other people or places with whom they had done business in the past. As a matter of course, the lender checked the references and decided whether or not to grant a loan based on an amalgamation of the responses from them. That really isn’t the case any more.

    Instead, there are three major agencies that track everyone’s credit and provide a credit rating when contacted by a potential lender. The three agencies are Equifax, located in Georgia; Experian, located in Texas; and Trans Union, located in Pennsylvania. When someone applies for a loan, the lender generally contacts one of these three ag

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