Identity Theft Archive for September, 2009

• Settling Collection Accounts in a Credit Report

  by Ruth Racey

  For a cardholder struggling with poor credit ratings and tarnished credit scores, nothing could be worse than a collection account in a credit report. But what exactly is a collection account? Well, basically, these are records of a previous creditor giving up on collecting a debt from the consumer. Lenders … (more) September 20, 2009

• Securing Personal Data when Getting a Credit Report

  by Ruth Racey

  Credit reports are essential for banks, card issuers, and lenders to determine the credit worthiness of an applicant. These reports contain valuable information about a consumer’s financial standing and spending habits. Credit reports essentially contain everything that companies are looking for whenever potential clients apply for car loans and mortgages. … (more) September 20, 2009

• Repairing Bad Credit Reports

  by Ruth Racey

  A credit report is essentially one of the ultimate basis used by credit card companies and lenders. By reviewing a potential client’s credit history, a firm can assess the financial capability of the applicant to make payments. Conversely, bad credit reports can ruin the chances of a consumer trying to … (more) September 20, 2009

• Late Payments and their Effects on Credit Reports

  by Ruth Racey

  Cardholders who regularly monitor their credit expenses often fret about late payments and how they can affect their credit scores and ratings. For diligent consumers, keeping a clean credit report is essential to get low interest loans, extended credit, and other benefits. While delayed payments do actually have a direct … (more) September 20, 2009

• How to Improve an Ailing Credit Report

  by Ruth Racey

  Any American who has had a bad credit report knows just how much problems they can cause. While these reports may provide lenders and card issuers with crucial information about the financial stability of consumers, they can also ruin the chances of getting better credit. Credit reports are a convenient … (more) September 20, 2009