On Wednesday, Nov. 10, 2010, the Federal Reserve posted an consumers' guide to credit scores and credit reports. Information in the guide, which can be found online, includes: defines a credit score, how creditors use it and why you must protect your credit history.
It is meant to give consumers a basic understanding and alert them to information they may receive from their lenders.
The guide unveiled Wednesday is meant to provide consumers with basic information about their credit scores and credit reports so they can better understand the new information they might be receiving from lenders.
Check out the Consumer Guide . It is simple to understand and does a good job explaining!
You can read the Journal article if you want. Find it here .
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