There are a lot of things that people can share to make their burdens easier to bear, one of these things is cosigning for a financial agreement. Financial agreement varies from simple personal loans, long term business loans, payment installments and other agreements that require monetary compensation from one party. … (more) February 15, 2010
The law does not allow any entity both individuals and companies to remove accurate and timely negative information that appeared in an individual s credit report. Those who claim that they can do so are simply profiteering from those who lack knowledge that the Federal government has already standardized the processes … (more) January 25, 2010
The Fair Credit Reporting Act or FCRA has mandated creditors to get outsourced help from collection agencies in dealing with debts. This mandate has made collection agencies go to the limits just to collect amounts of payment from indebted individuals. Adding up to this mandate, if a credit account holder … (more) December 26, 2009
Credit reports and scores are the standard credit worthiness rating tool used by major credit companies to see whether an individual is viable for a loan, credit and other financial agreements. Indeed, these documents can change the course of the life of the individual being judged through them. After the … (more) December 23, 2009
There are many ways on how to get financing agreements from different companies and even individual lenders. Getting debts would mean two things for a borrower. First, it will hold the borrower accountable for his or her end of the deal. Second, the failure of the borrower to pay his … (more) December 18, 2009
Credit account holders have to wait for at least seven years before their bad debts will fall off from their credit reports. A credit account holder has to be patient enough to wait for their bad debts to fall off before they can take steps in increasing their FICO score … (more) December 15, 2009
The three towers of the financial business are TransUnion, Equifax and Experian. They are said to be towers not because they are major players in investing and financing but they are powerful enough to change the course of someone s life, more particularly those who would want to get credit accounts. … (more) December 12, 2009
Credit record repairing is neither easy nor instantaneous. It will require long years of constant credit record rebuilding to be able to achieve a good credit worthiness rating. The reason is simple a credit report and score are based on a historical account of the financial activities of an individual. … (more) December 11, 2009
The key in mastering the credit bureaus way of assessing credit worthiness can only be found in the knowledge of the individual regarding the technicalities of his or her credit report and score. It is a hard fact that credit bureaus have the tendency to focus on the possible negative … (more) December 9, 2009
The world of credit reporting and scoring is continually bombarded with accusations on inaccuracies and even tampering. Some of it maybe true because up to now 79% of the total credit reports and scores received by millions of people in the USA alone are inaccurate. Most of these inaccurate reports … (more) December 8, 2009