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Most Recent Articles in Credit Report

  • How Credit Triggers changed Credit Reports

    by Ruth Racey

    The financial world will always be the home of the new schemes and procedures that would try to make the existing financial processes more reliable and relatively better. In the financial field of credit worthiness ratings the three major reporting bureaus, which are Experian, Equifax and Trans Union, have devised … (more) October 25, 2011

  • The Effects of Inquiries to Credit Worthiness

    by Ruth Racey

    Account holders are constantly advised by finance experts to practice checking their finance stability through credit reports. The actions of requesting for a report to check one’s financial stability and capability are called inquiries. Checking for them too much can result to devastating worthiness ratings depreciation. On the brighter side … (more) October 18, 2011

  • Low Interest Rates through High FICO Scores

    by Ruth Racey

    FICO score is the numerical equivalence of the long years of accounted financial transactions and payment history found in credit reports. These two are the internationally accepted and used worthiness rating schemes which are ordered by lending agencies to assess whether the potential borrower is worthy enough to be entrusted … (more) October 16, 2011

  • The Implications of FCRA in Credit Reports

    by Ruth Racey

    Recipients of credit reports and FICO scores are always confronted with the dilemmas of the technicalities and difficulties in fully understanding their rights regarding credit worthiness evaluations. Many account holders are unaware of the benefits that they can summon from legal mandates passed by the legislation to support account holders. … (more) October 4, 2011

  • Closing an Account is bad for Credit Reports

    by Ruth Racey

    Credit account holders and other members of the financial market usually get the wrong impression that by closing credit card accounts they are increasing their FICO score for the better. This can be true if the individual is looking at short terms solutions for his or her problems. However, in … (more) October 1, 2011