What is a Credit Report? - Whenever you apply for any type of credit or financing, a credit report is pulled from at least one of the three major credit bureaus. While there are hundreds of smaller credit bureaus around the country, virtually every credit bureau is affiliated with Trans Union, Experian, or Equifax. These credit bureaus collect and maintain information on the vast majority of Americans, but they are not affiliated with the government in any way. The credit bureaus are for-profit corporations that sell your personal information for money. More.....
The Fair Credit Report Act(FCRA) - The Fair Credit Reporting Act (FCRA) allows a consumer to challenge the information on his credit report on the basis of "completeness and accuracy." If, after a reinvestigation by the credit bureau, the disputed information "is found to be inaccurate or can no longer be verified, the [credit bureau] shall promptly delete such information." More.....
Can Bad Credit be Deleted? - Yes, it can. Despite the fervent proclamations of bureaucrats and credit bureaus everywhere, a simple fact remains: negative credit listings are deleted from peoples' credit reports by the thousands each and every day. More.....
Understanding Your Credit Score - Credit rating system is meant to develop a snapshot of the risk you currently represent to a lender. Several parameters in your credit file, including length of credit history, number of open accounts, loans, mortgages, public records, and others are formulated to produce a three-digit score between about 300 and 950. More...
Common Myths of Credit Repair - There are thousands of credit repair companies out there trying to get your business. but can they always repair your credit? Answer is "NO". It is quite difficult to repair your credit without somehow satisfying your outstanding debts. Make sure you understand the process before spending your money to get your credit report fixed and taking more debt in the process. More...
How Bad Credit Affects You - Very few things in life can have a more devastating effect on your lifestyle than a poor credit score. A low credit score can cost you hundreds or even thousands of dollars per month. Start paying attention to your FICO scores and credit report to make sure you're not robbed by lenders everytime you apply for a loan. More .....
Legal Credit Repair Methods - Legal Credit Repair consists of removing the negative items on a credit report. There are a few different methods of going about this, the most common and effective methods involved negotiating with your lenders and following up on the negative items that you believed are on your report incorrectly. More......
Five Reasons to Check Your Credit Report - In much the same way that a resume displays your work experience to a prospective employer, a credit report provides prospective creditors (and in some cases employers and insurers too) with a detailed picture of your credit history. And like a resume, your credit report can influence whether you will receive what you are applying. More.....
Credit Options for Your New Life Together - Many people planning to be married take time to reexamine financial priorities, set a new budget, and establish savings or debt reduction goals. Being credit-wise consumers means realizing that managing your credit requires similar planning and care-and doubly so when you are entering into marriage. More.....
Can Consumers Fight Back Against Credit Fraud? - In this age of information, credit fraud is not a difficult crime to perpetrate. The idea that a thief could gain access to your account information or personal data is not as implausible as you might think--social security number misuse has increased over the last two years, resulting in a variety of credit-related crimes. More..... |
