One of the most critical credit education topics is the understanding of your credit report. Your credit report contains just about all the information a lender needs to determine whether you are likely to pay back a loan, and includes your payment history and the number of credit accounts you have open. That's why it's so important to know what is in your credit reports, who compiles them and how they do it. Your credit education should also address your credit score, including what it means, how it is derived and how lenders and other organizations use it.
You also should learn about the three national credit reporting agencies - Experian, Equifax and TransUnion - and why they are so important. It's also critical to understand their relationship to one another and why they may have differing information on you.
Having a strong credit education also means having a solid knowledge of identity theft, credit fraud and the dangers they present. You'll find it very helpful to understand their causes and what you can do to help prevent them from happening to you. Finally, you should learn how all of the benefits and services of PrivacyGuard can help you fight identity theft and help you make the most of your entire credit profile.