Credit report

A compilation of the credit history of an individual or business. It is compiled by one or more of the credit bureaus and contains a detailed history of borrowing, payment behavior and credit inquiries. Credit reports are viewed by lenders in deciding whether to extend credit and on what terms. Credit reports are distilled using complex formulas into three-digit numbers called credit scores. Every U.S. citizen is entitled to a free copy of their credit report, from each of the credit bureaus, once every 12 months.

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9 Strategies to Win a Bidding War when Buying a Home

Existing homes continue to be snapped up at a record pace, and competition remains fierce. That's why buyers need a winning strategy to compete for their dream home.

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Paying points to get a lower interest rate is almost always a losing proposition because most homeowners don’t keep their loans long enough to recoup the up-front costs. Are you an exception to the rule?

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Lending money to your child is risky business. But if you can avoid the personal pitfalls and convince the federal government that this is really a loan, and not a gift, the Bank of Mom and Dad can be a financial boon for everyone in the family.