Mike Clover asked: Your credit score report can be affect by more than your available credit history. We talk about how credit cards, mortgages, car loans, and any type of loan that reports to all 3 credit bureaus will affect your credit score. We don’t always talk about utility companies and how they can have [...]
Tarron Acuff asked: The three major credit bureaus are Equifax, Experian, and keep information on your credit history. If you don’t have any credit it should say is that the report does not exist because no credit has been established. If they do have credit established, it will tell you what is on your report. [...]
Jeremiah Perez asked: Experian – TransUnion – EquifaxThere are 3 major private, for profit Credit Reporting Agencies (CRA’s) also known as Credit Bureaus who gather information about consumer credit and their usage. The three major credit agencies are Equifax, Experian, and TransUnion. They accumulate all consumer financial transactions and inquires from all possible sources. The [...]
Tim Bock asked: Many times people are unaware of exactly what’s in their credit report, let along if there’s a collection account in there. There are usually 1 or 2 reasons why a collection account may exist.- The account went to collections – Mistaken identityFortunately it’s not the end of the world. There are steps [...]
Justin Hutto asked: NCO Financial is a collection agency. They work with financial services, healthcare, utilities, education and more.They have been in business since 1926. They do both first party and third party collections.They are located in 9 different countries with over 140 operation centers. They are headquartered in Horsham, Pennsylvania.They claim to be customer [...]
Robert Humphrey asked: 1. Introduction: The FACT ActAs of December 1st, 2004, a new federal law became effective called the FACT Act. This acronym stands for Fair & Accurate Credit Transaction Act. The main thing to understand is it means more change. The changes are for individual consumers, businesses, and the three (3) major credit [...]
Ed Nailor asked: Did you know that your credit score can vary depending on who pulls your score and why? Imagine this…. You need a new car and are thinking of buying a home too. You do your homework and pull your score online directly from the credit bureaus. Your score online is 650. The [...]
Jeanette Joy Fisher asked: It’s not well known, but if you have recently applied for mortgage credit, the information you shared was probably sold within twenty-four hours of your mortgage application. Credit reporting agencies commonly sell what they term “trigger lists” of folks who have recently contacted mortgage lenders for rates or loan preapproval and [...]
Marc Marseille asked: A 3 credit bureau report can be useful for various reasons. There are 3 key credit bureaus: Experian, Equifax, and TransUnion, and each of them have their own knowledge about your credit, so to obtain a good credit score, you need all three.Several financial institutions require a good score with all 3 [...]
Samantha Monroe asked: People who are keen on maintaining high credit score know the importance of a credit report. Having a very detailed credit report is the first step towards ensuring your credit score remains high.Getting a detailed report from any of the bureaus may cost you some money. If you are really serious about [...]