Credit Report

Check Your Credit Report

April 4, 2011

Today is April 4, leaving just 11 days until tax day 2011. And while your financial mind may be on other things at this point, tax day can serve as another reminder that if you haven’t checked your credit report lately, you need to do it. If you haven’t checked your credit report yet for [...]

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Negative Credit Reporting Has A Specified Statute Of Limitations

November 26, 2010

Negative credit must be removed from your credit report within a specified time period due to provisions within the Fair Credit Reporting Act or the FCRA that was enacted into law back in 1970. This law came about in order to protect consumers from unfair credit reporting. The majority of credit reports contain some types [...]

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Your Credit Score And the 3 in 1 Credit Report

November 5, 2010

All of the three major credit bureaus issue their own credit report. If you want a summary of all of the reports combined you can get a 3 in 1 report. The 3 in 1 report comprises the financial history of an individual or a group in order to “report their credit-worthiness”. It is an [...]

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Who Can See Your Credit Report?

August 25, 2010

With or without permission? Did you know that a collection company who is trying to collect a debt from you can access your credit report without your permission? They do it to try to get accurate information about you, like your current address. Potential employers can also access your credit report, in most states anyway. [...]

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Barely Late?

June 14, 2010

And it can still show up on your credit report. Depending upon your lender and oftentimes depending upon your past history even a barely late payment can show up on your credit report, bringing your credit score down as much as 60 to 100 points. There is a myth out there that a payment must [...]

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The Truth About Free Credit Reports

November 23, 2009

While a funny jingle may play out in your head and help you to remember that you can get a credit report for free, you may want to think twice about getting that report from the people in the commercial for freecreditreport.com Because (big surprise!!) it’s not free!! Nope. Not free! Over 11,000 people have [...]

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Surprising Things That Can Damage Your Credit

November 21, 2009

You would be surprised at a few of the things that can damage your credit.  Often we take measures that we think are best for our finances and our budget but these very same things can negatively affect your credit score. For example, if you are not using a credit card you might think it [...]

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Why You Need To Know Your Credit Report

November 19, 2009

A smart consumer will get a copy of their up-to-date credit report before making any major purchase that involves financing.  The reason for this is that a credit report and score can make or break your purchase and most credit reports do contain inaccuracies.  The problem is that most people are unaware of the erroneous [...]

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Misunderstandings and Myths About Credit Scores And Credit Reports

November 17, 2009

Can you check your own credit report without a penalty to your score? Does your income affect your credit score? Should you just close out a credit account to raise your score? Do all lenders use the same credit score and reports? Is paying cash for items a good credit strategy? No, No, No, No, [...]

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How To Get Your Free Credit Report

November 12, 2009

You are entitled to receive a current copy of your credit report from each of the three main credit reporting agencies at no cost to you one time per year. A 2003 amendment to the Fair Credit Reporting Act mandated that consumers could receive a copy of their own credit report for free one time [...]

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