Your Credit Score - See How You Compare to the National Average



Learning all about finances can be a daunting task, especially when there are bills staring you in the face and you're sitting around wondering: "What happened? How did I get here?" While it all might seem a bit scary, the more you know, the better off your financial situation will be. Enter today's topic: credit scores.


So, just what are second chance savings and checking accounts? Quite simply they are a secondary class of accounts that banks have set up to make more money off of high risk customers. Face it. If your credit is so bad that a bank won't just give you an account it's because they know that you probably aren't floating in money.


If you have negative credit showing on your account you may have considered credit repair as an option. It has been estimated that as many as 75% of all credit reports contain errors or inaccuracies. The FCRA or the Fair Credit Reporting Act is a federal law that was enacted by the U.S. Congress in 1970 to promote the fairness, accuracy and privacy of personal information on credit reports. This act has given consumers the right to dispute inaccurate and unfair information.