The RHS Resource Center provides you with the financial tools
you need to achieve your goals and dreams.


Are you unsure how to build and strengthen your personal credit history? Wish that you could feel more in control of your money or need some advice on how to do so? Congratulations! You’re in the right place. RHS has you covered.


All About Credit Reports

By | Credit, Credit Reports, Financial Education | 14 Comments

A credit report is a record of how you have paid your credit card debt and other loans.  Your credit report information shows whether or not you have paid your bills on time, the amount of money you owe to your creditors, and if you have loans that you have not paid back.  Credit reports are compiled by three major credit reporting agencies – Equifax, Experian and TransUnion.

Review your personal credit report at least once a year and especially before making a large purchase, like a house.   Review the four types of information found on your credit report:

1. Identifying Information – Your name, address, Social Security number, date of birth, and employment information.

2. Trade Lines – These are your credit accounts. Lenders report on each account you have established with them. They report the type of account (bank card, auto loan, mortgage, etc.), the date you opened the account, your credit limit or loan amount, the account balance, and your payment history.

3. Inquiries – The inquiries section contains a list of everyone who accessed your credit report in the last two years. The report you see lists both “voluntary” inquiries, spurred by your own requests for credit, and “involuntary” inquires, such as when lenders order your report so they can make you a pre-approved credit offer in the mail.

4. Public Record and Collection Items – Public record information includes bankruptcies, foreclosures, suits, wage attachments, liens, and judgments. Information is also included about overdue debt from collection agencies.


Each of the three credit reporting agencies will provide you with a free copy of your credit report, at your request, once every 12 months.  Order your report from a central website for the three agencies, a toll-free telephone number, and a mailing address.

By Phone:

By Mail:
Annual Credit Report
Request Service

P.O. Box 105281
Atlanta, GA 30348-5281

How To Check Your Credit

By | Credit, Credit Reports, Financial Education | 14 Comments

If you already know that your credit score is low or that your credit is in need of restoration, the best thing to do is for you to pull your own credit (that does not create an inquiry). You will want to begin working on improving it before you apply or reapply for a any loans. Luckily Rapid Home Solutions can help you restore your credit very quickly with easy. Register Here!

How can I pull my own credit report?

You can pull your own credit report online and for free by going to

Note: This is the only authorized source for the free annual credit report that’s yours by law. The Fair Credit Reporting Act guarantees you access to your credit report for free from each of the three nationwide credit reporting companies – Experian, Equifax, and TransUnion – every 12 months. Although the information on the report is for free, you do have to purchase your score if you want to see it.

Working on your credit requires commitment and patience, and you should be aware that any improvement will be noticeable after about 45 days to several months. The good news is that, with dedication, you can definitely improve your credit.


*Actual RHS Client credit report screenshot after signing up with us.

What Is Credit?

By | Credit, Financial Education | 16 Comments

Credit means you are using someone else’s money to pay for something.  It also means that you are making a promise to repay the money.  There are different types of credit and each has different payment options:

  1. Installment Credit (for example, houses, car loans) – With installment credit, you sign a contract to repay a fixed amount of credit in equal payments over a period of time.
  2. Revolving Credit  (for example, bank credit cards, department store credit cards) – Revolving credit gives you the option of paying in full each month or making a minimum payment. As you pay the money back, it becomes available to borrow again.
  3. Open 30-Day Accounts (for example, travel and entertainment cards) – These accounts are required to be repaid in full each month.

You may use credit that is secured or unsecured.


Secured Credit

means you have to provide something of value to guarantee that you will repay your debt. With secured debts, if you fall behind on payments, the lender can repossess the item of value that originally secured the debt. For example, a mortgage loan is a form of secured credit. If you do not repay the loan on time, the lender can take your home.

Unsecured Credit

means you did not have to surrender anything of value to guarantee that you will repay the loan. Unsecured credit allows you to purchase items on credit in exchange for your promise to pay the creditor back. Examples of unsecured credit include credit card debt, medical debt, and personal loans.