More Related Content Similar to Money creditlesson Similar to Money creditlesson (20) Money creditlesson1. Understanding Credit This is a simple guide to understanding your credit and how to ensure a healthy credit rating for major life purchases including vehicles and homes. 11. Updates to this information comes from data collected by your loan officer. 17. Voluntary – You have requested a loan or credit card and the bank is accessing your report to establish a new line of credit. 28. You can regain those points by not requesting any new credit accounts until prior inquiries drop off. 35. Time since past due accounts were added to your report and since payoff 49. If offered a settlement, agree to the dollar amount, but stipulate that the negative item MUST be removed from your report.