What is a credit bureau?
The Bankrate.com financial term of the day is: "Credit Bureau."
A credit bureau is a company that keeps a record of whether you're a good borrower or a bad borrower. There are three major credit bureaus: Equifax, Experian and TransUnion. They issue report cards -- credit reports -- that show how well you manage your debt and make payments, how much untapped credit is available to you, and whether you've applied for any loans. The information might be used by someone trying to decide whether to do business with you, such as an insurance company or a landlord with an apartment you'd like to rent. You should monitor your credit reports because any negative information that shouldn't be in there could indicate an identity thief is trashing your good name.
When it comes to handling debt, are you a master or a mess? A credit bureau will have an answer.
For more information on credit reporting, visit the debt management section at Bankrate.com.
The leading cause of bankruptcy in the U.S. is medical debt. How do you handle these costs?
When a loved one comes to you, asking you this question the answer is simple: Don't co-sign.
How do couples find common ground in the way they handle debt?
Becoming debt free may feel impossible, but with a payment strategy you can succeed.
How did consumers respond when asked about job security, savings, net worth, and debt?
Comparison shopping will help you know deals from duds at a dollar store.
Looking to save money? Here are eight easy ways to save $5,000 in one year.
Mortgage rates jumped this week.
New car loan rates fell 1 basis point each.
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused. We do not permit the inclusion of hyperlinks in comments and may remove any comment that includes a hyperlink.
Get cost-cutting tips for buying, selling and maintaining your wheels. Delivered monthly.
While much of the country may be tired of the snow, engineers are delighted with the extended opportunity to test their cars.
... Read more