Credit is an arrangement to borrow money now with a promise to repay it later, often with interest. Your credit score, however, is determined by your credit history and determines your credit risk, an indication as to how likely you are to repay your loans. Potential lenders use the credit score to determine whether they want to issue you credit, such as a mortgage, credit card, auto loan, etc. Your credit report is issued by credit bureaus (Equifax, Experian, TransUnion, Innovis) that shows your credit history (lines of credit you have open). Remember to check your reports at least once a year to make sure there are no errors. This piece is one in a series of Helpful Hints brought to you by the Consumer Assistance Program’s (CAP) service-learning interns.
Small Business Flood Relief Resources and Action Steps
On behalf of the entire Vermont Attorney General’s Office, our thoughts are with those affected by this summer’s flooding. As businesses rebuild what was lost and purchase new items after the floods, we urge businesses with concerns to reach out to the Attorney General’s Consumer Assistance Program (CAP) for help. Vermont businesses are covered by… Continue reading Small Business Flood Relief Resources and Action Steps
Vermont Flood Recovery: Beware of Scams and Price Gouging
nfortunately, scammers take advantage of people’s heightened emotional state following disasters, and the Vermont Consumer Assistance Program wants you to be aware of targeted disaster relief scams to avoid while our communities recover from the flooding.
Considerations in Online Car Buying
Purchasing a vehicle online gives you a vast variety to choose from especially if there’s a specific car, make, and model you are interested in. . Unlike buying a car at a dealer where you can stop by and test drive the car, purchasing online is a different experience. It’s advised to closely read the terms and conditions when deciding to close on a vehicle. Assess the return policy. Before even beginning you search, figure out your budget and how you will be purchasing the car (whether that’s paying cash of financing). This piece is one in a series of Helpful Hints brought to you by the Consumer Assistance Program’s (CAP) service-learning interns.
Tips to Ensure Your New Home Has Reliable Internet and Cell Service
Having a reliable internet and cell connection is essential nowadays, especially if you work from home or regularly video conference. If you’re moving to Vermont or moving within the state, it’s a good idea to check if your new home will have good internet and cell service. This piece is one in a series of Helpful Hints brought to you by the Consumer Assistance Program’s (CAP) service-learning interns.