Credit Report

Three Simple Rules To Improve Your Credit Score

July 22, 2010

The three simplest things you can do to improve your credit score are 1. Never close credit card accounts. And try to make sure that your credit card company never closes it for you. Closing an account has a detrimental effect on your debt to available credit ratio, which is a crucial component of your [...]

Read the full article →

Credit Score Facts

July 16, 2010

Some surprising and important facts about credit scores… · Your income level does not affect your score. Never. Income level is completely irrelevant when it comes to your credit score. But….on most purchases your income level will affect whether you can qualify or not. Most lenders will take into consideration many factors including your credit [...]

Read the full article →

Credit Myths Along The Way

July 14, 2010

There are only a few things that can affect your credit score and your credit report. Your job, age, gender, sexual orientation, race, amount of money in the bank, inheritance, genetics, and almost anything else you can think of along those same lines cannot and do not affect your credit score. What does affect your [...]

Read the full article →

Financial Reform Will Provide Credit Scores

July 9, 2010

The current financial-reform bill that is being debated in Congress right now will allow consumers to actually get their credit scores along with the free credit reports that they can now get. Previously, a consumer could pick up a free copy of their credit report but they had to pay a fee of $15.00 in [...]

Read the full article →

Add Favorable Info To Your Credit Report

July 8, 2010

The FCRA or the Fair Credit Reporting Act allows you as a consumer to add favorable information or explanations to your credit report. If you do not have any credit history you may consider adding unreported paid debts, rent payments or utility payments. If you have bad credit but feel you could benefit from explaining [...]

Read the full article →

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 [...]

Read the full article →

Security Freeze For Your Credit Reports

June 9, 2010

There may be some instances in which you would want to control who can access your credit report. Instances such as a divorce or other type of court proceeding or if you have a concern about identity theft you may want to make sure that no one is able to access your credit report without [...]

Read the full article →

Pay More Or Pay The Minimum?

May 21, 2010

Most people realize that if they pay the minimum payment on their credit cards that it may take years upon years to get it paid off. In fact, now that fact should be in plain view on every single one of your credit card statements, exactly how long it will take to pay off the [...]

Read the full article →

Facts For Consumers About Credit Repair

May 17, 2010

Due to the economic downturn and the many problems that people have faced with high unemployment numbers, loss of value in the housing market and just the general difficult economy, many people are interested in doing whatever they can to repair and improve their credit. The FCRA or the Fair Credit Reporting Act was established [...]

Read the full article →

Consumer Rights In Credit Repair

May 11, 2010

The Fair Credit Reporting Act or the FCRA gives consumers certain rights concerning their credit report and any type of credit repair that they may undertake. 1. You have the right to receive one free credit report one time per year from each of the 3 main credit-reporting bureaus, Experian, Equifax and TransUnion. You can [...]

Read the full article →

← Previous Entries

Next Entries →