credit reporting bureaus

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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The Statute Of Limitations Regarding Negative Credit Reporting

October 28, 2010

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 [...]

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Credit Rating Agencies

August 5, 2010

TransUnion, Equifax and Experian are the big three credit rating agencies in the United States. Each have their own credit report, their own credit scores and their own records. They all collect the information on you and your history. Their profits come from sharing that information with banks, mortgage lenders, potential landlords and even sometimes [...]

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Can Your Credit Be Too Good?

July 26, 2010

Probably not if you look at it from a personal perspective. Good credit offers you peace of mind, security and more but…. Your credit can be too good to get a credit card these days. Card issuers have counted on profits for years from penalty fees and high interest rates paid by the consumers who [...]

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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 [...]

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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 [...]

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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 [...]

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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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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 [...]

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