At KC Credit Services, one of the primary things we do is to help you understand the complicated maze of credit.

 

We have provided a good start on educational subjects on this website, and will continue to add content to these pages as time goes by and new things occur.

Following is a list of the subjects currently available. You may click on the link to access that particular chapter, or you can choose from a dropdown menu on the Home Page.

Download and print our brochure!
This is a two-sided, color, PDF file.

Download Our Brochure

Credit Restoration

When the three major credit reporting agencies (CRA’s or Bureaus) started collecting and reporting data earlier in the 19th century, the public found that inaccuracies abounded.

So Congress started taking notice due to the complaints of their constituents. In 1970, they passed the Fair Credit Reporting Act. It has had a profound effect on the public’s ability to correct errors. Over the years, it has become more and more complicated. In this section, we provide insights on today’s methods.

June 27, 2017

The Credit Report Revealed – Part II

Credit reports can be mysterious documents to read and understand.  In this section, we will dissect the document by sections so you can become more familiar […]
June 27, 2017

The Credit Report Revealed – Part I

A Credit Report is a database file that is kept by each of the three major credit bureaus[1].  It contains data that has been sent to […]
June 27, 2017

Myths I Believe About My Credit Score

Myths I Believe About My Credit Score Myth #1 – A Poor Credit Score Will Dog Me Forever. FACT:  Actually, it is important to know that […]
June 27, 2017

Credit Terms Glossary

Account An Account refers to assets, liabilities, income, expenses, and equity, as represented by individual ledger pages to which debit and credit entries are chronologically posted […]
June 27, 2017

Sample Credit Report

xample of a Credit Report, provided by:  Experian  (this is a PDF file.  To read it, you must have Adobe Reader on your computer.  If you […]
June 27, 2017

What are the Laws that Protect My Credit?

CROA[1] (Credit Repair Organizations Act) – The Credit Repair Organization Act was put in place to protect consumers from unscrupulous practices by organizations who claim to repair credit. […]
June 27, 2017

What is Credit Restoration?

What is credit restoration?  What does it mean to restore your credit…how do you do it? FCRA, The Fair Credit Reporting Act, was enacted in 1970 […]

Credit Scoring

Many years ago, merchants wanted to offer their products and services to the populace, but realized there were a number of people who needed to “run a tab”.

They didn’t have ready cash to pay for the items they needed, mainly food and tools, clothing and toiletries because they were mostly farmers who only harvested their crops once per year. They had to wait until they sold their crop to pay their “tab”. The merchants needed to find a way to determine which people were likely to pay their “tab” at a future date, and which ones were less like to do so. Find out how they do it.

June 28, 2017

How Can I Improve My Credit Score? – Part I

Wow…that’s a big subject.  Remember that 35% of your credit score is composed of your payment history.  The answers are complicated because it depends upon so […]
June 28, 2017

How Can I Improve My Credit Score? – Part II

30% of your score is determined by the amounts you owe.  Since this is such a big influencer, it is important to understand what this means.  Simply […]
June 28, 2017

How Can I Improve My Credit Score? – Part III

15% of your credit score consists of the length of your credit history, and 10% is based upon new credit.  This means simply that it makes […]
June 28, 2017

Credit Restoration Is Legal!

Every Day, We Are Asked This Question:  Is Credit Restoration Legal? The answer is resoundingly:   YES!  When the three major credit reporting agencies (CRA’s or Bureaus) […]
June 28, 2017

What is a credit score?

How is it conceived and constructed? Many years ago, merchants wanted to offer their products and services to the populace, but realized there were a number […]
June 27, 2017

Credit Terms Glossary

Account An Account refers to assets, liabilities, income, expenses, and equity, as represented by individual ledger pages to which debit and credit entries are chronologically posted […]
June 27, 2017

Sample Credit Report

xample of a Credit Report, provided by:  Experian  (this is a PDF file.  To read it, you must have Adobe Reader on your computer.  If you […]
June 27, 2017

What Is The Difference Between A FICO Score and A Vantage Score?

Just a few years ago, the three major credit reporting agencies (bureaus)…Experian, TransUnion, and Equifax…got together and decided to challenge the FICO score model.  They were […]

Your Money

Many of our customers ask us to enlighten them about various uses of money, from how to teach your kids about money, to how to buy a car. In this section, some of the most popular subjects are presented.

June 28, 2017

Your Kids and Money

As a responsible parent, it is important to teach your kids about the wonders and pitfalls of money management.  But if you are in financial trouble […]
June 28, 2017

Credit and Bankruptcy

Myth #1:  bankruptcy will solve my financial woes and clean up my credit. Truth:    Bankruptcy can eliminate the debt, depending upon what Chapter you filed.  The […]
June 28, 2017

Credit and Divorce

Unless you were married at 15 years old, you probably had a credit file before you married your spouse.  You did your thing, gaining credit cards, […]
June 28, 2017

Buying or Leasing A New Or Used Vehicle

You know you want it…that hot little number with the good gas mileage.  But you are concerned that your credit report won’t allow the lowest rates […]
June 28, 2017

Credit Terms Glossary

Account An Account refers to assets, liabilities, income, expenses, and equity, as represented by individual ledger pages to which debit and credit entries are chronologically posted […]
June 28, 2017

Home Buying – The Single Largest Investment in Life

Putting the housing debacle aside, 66% of Americans own their own home, and most of the rest of the nation wish they could get into homebuying.  […]

More Articles

As new subjects come up about money and credit, such as identity theft, we present timely articles about those subjects in this section.

June 28, 2017

What Do The Credit Reporting Agencies Do To Protect My Identity?

Knowing that our personal information is being transmitted monthly by our creditors to the credit bureaus can be cause for some anxiety about our safety.  So […]
June 28, 2017

How Do I Protect Myself From Fraud and Identity Theft?

Living in these times of digital growth, fear is a constant companion.  It is really scary to hear the stories of people who have had their […]
June 28, 2017

Credit Terms Glossary

Account An Account refers to assets, liabilities, income, expenses, and equity, as represented by individual ledger pages to which debit and credit entries are chronologically posted […]

Success Stories – Hear From Some of Our Satisfied Clients

Adam Thomas

I was quickly approved for business financing and was able to get money to start my new franchise. Thanks for the help!