New Fed Guide Gives Consumers Credit Report, Scoring Info

This week, the Federal Reserve published a new, online guide for consumers that explains a lot of the confusing things about credit reports and credit scoring. A lot of regulatory changes have been made recently when it comes to financial regulation and consumer protection, so this new document is meant to help consumers know their rights and how to exercise them.

Your credit score is obviously a very important number if you want to buy a home, finance a car, take out a loan, even rent an apartment or get a job in some cases, but it's not always clear what goes into making that number as high (or as low) as it is.