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 [...]
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 [...]
Hector Milla asked: There are three credit reporting bureaus which although do similar business, may come up with varying reports. Different individuals and professionals work in the firms and thus it’s expected that their conclusions even on similar things is different. With this in mind, a consumer would therefore be better off if he considered [...]
Rachel Altman asked: I believe that once you’ve paid a debt, it should be removed from your credit reports. However, the credit bureaus disagree. In fact, by law they are able to report it for up to 7 years from the date it was paid. But, here’s the good news: Also by law, you are [...]
Rachel Altman asked: A bankruptcy can have a devastating effect on your credit score. A bankruptcy listing on your credit reports to many lenders is the only thing they need to see to determine you are completely unworthy of credit.Many people will tell you that it is impossible to remove a bankruptcy from your credit [...]
Tamara Rasheed asked: First, let’s begin with some simple rules to help you dispute your negative and erroneous credit report information.1) You should dispute everything negative on your credit reports. Everything negative on your credit reports should have the chance to be deleted.2) The older your negative account is, the easier it is for it [...]
Jared Wright asked: Credit report companies offer their services to people who need to get their credit score and other information about their financial status. A credit report is required when you apply for a loan such as a home mortgage, and may also be required when you want to apply for a credit card. [...]
Tony Banks asked: The truth of the matter is that repairing your credit can take some time but its surely not impossible, it takes time for a few reasons. If you discover that there are errors on your credit report or you want to challenge certain entries, the dialog via mail that you have with [...]
Justin Fox asked: Credit Report No Credit Card – You want your Credit Report now but have No Credit Card! frustrating! what to do, well you be happy to find out there are a few places where you can get your report without the need for a Credit Card, but you need to know a [...]
Freddie Stewart asked: Whether or not lending or financial institution will give you a loan or credit depends on your credit score. Your credit score is based on how you pay off your previous and existing loans. It gives lender a pretty good picture of how good you are at managing and paying off your [...]