List/Grid Tag Archives: Credit Report

Statute Of Limitations Regarding Negative Credit Reporting

Back in 1970 the Fair Credit Reporting Act or the FCRA was put into law in order to protect consumers from unfair and fraudulent credit reporting. Among the provisions of the law were some distinct limitations on how long negative credit can be reported. If you have mistakes and inaccuracies showing on your report, you have the right to dispute the information and attempt to get it removed. The credit bureaus will have 30 days from the receipt of your dispute in order to verify the accuracy of their information or completely delete it from your ...
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Three Unexpected Benefits Of Credit Repair

Most folks realize how crucial it is to have a clean credit report and a high credit score when they try to get a loan for a house or an automobile. Lenders take the credit information very seriously and they can charge a higher interest rate or even deny credit altogether based on the information from the credit report and credit score. But there are also a few things that most people are not even aware of concerning credit scores and credit reports. Negative credit can have an effect on many things that you may not even be aware of. Your credit ...
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A Step-by-Step Guide to Fixing an Error on Your Credit Report

You work hard to be responsible with money.  You pay your bills on time; you try to pay off your credit card balance each month; you earn a decent living. Yet, how is it possible when you pull your credit report, that you have a credit score similar to someone who is overextended, makes late payments, and sometimes even misses payments? The answer may be simple–an error on your credit report. How an Error on Your Credit Report Can Affect You CBS News reports that the National Association of State Public Interest Research Groups “discovered ...
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Surprising Things That May End Up on a Credit Report

Keeping a credit report in healthy condition requires constant vigilance and monitoring. A person might be surprised as far as some of the items that end up on a credit report that aren’t generally associated with those documents. Everyone expects things like vehicle loan payments, mortgage information, and credit card details to show up on a credit report, but there are a lot of other things that could negatively impact a credit score. One of the reasons why certain items could end up on a credit report is because of the ease with which any ...
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Check Your Credit Report

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 the year 2011, you have another reminder, another chance to do it now. You can do it later but you will be better off if you do it now. You need to do it. At least one time per year, more often if you have bad credit or if you are consciously trying ...
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My Credit Score and Report

The beginning of a new year is a good time to evaluate your credit score, your credit report and your finances in general. You can receive a free copy of your credit report to check for errors and mistakes and to see how you’re doing. Go to annualcreditreport.com Now you can also receive a free copy of your credit score. A higher credit score will allow you to be able to get the best terms if you do need credit or financing. Credit scores are a numerical representation of your past credit history and they range from 300 to 850. Those ...
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Negative Credit Reporting Has A Specified Statute Of Limitations

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 of errors. If you happen to find some inaccuracies or mistakes showing on your report you can send in a dispute and attempt to get them removed. The credit bureaus must verify the accuracy of their information within a 30-day ...
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Your Credit Score And the 3 in 1 Credit Report

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 estimate of whether or not they have the reliability to repay a new debt. A 3 in 1 report provides information from all three of the major credit-reporting agencies. Many financial organizations use the 3 in 1 report to assess an individual’s credit reputation ...
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