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Most Recent News in Credit Report Advice

  • File your credit report correctly

    by Andy Snyder

    A credit report is very important information that can be used by creditors to decide whether you are worthy of a loan. Many a times, the information on the credit report is inaccurate or wrong. This can lead to serious consequences to the person to whom the credit report belongs. The credit report basically contains the following parts. It has the personal information which includes name, bank accounts numbers, and social security number etc. it also has your credit history, … (more) March 19, 2010

  • Manage debt settlement well for a good credit report

    by Andy Snyder

    The credit report is a very important document which reflects one’s ability to handle various credit instruments and hence makes a creditor want to give him or her loan. It is something like a background check and hence must be kept untarnished. There are several ways that one’s credit report can be spoilt. Debt settlement is one such issue which will definitely have a huge impact on the credit score. Debt settlement is something that is done when a person … (more) March 11, 2010

  • Manage your Credit Report Better

    by Andy Snyder

    A credit report is very important to analyze the various credit activities that one undertakes. It is like the report card that a school going kid receives for the academic work that he or she has done. The credit report can be broadly categorized into four different categories, the personal information, the credit history, public hearings and enquiries. Each of these categories has their own importance associated with them. The personal information consists of your name, your banking account numbers, … (more) March 3, 2010

  • Threats to your Privacy Protection

    by Andy Snyder

    Fair credit Reporting Act was created for reasons which include the protection of consumers’ privacy. According to this law, access to your credit report is limited and that there are certain sets information like those asked by employers and medically-inclined information could not be disclosed by credit reporting agencies without your approval. It is indeed a good credit report advice to keep knowledge about your rights and the CRA’s legal obligation.  In spite of this, there are certain instances nowadays … (more) February 23, 2010

  • We are not Left with no Rights

    by Andy Snyder

    Tracking down history one will find out that credit reports started 100 years ago utilized to file just the negative financial information about a person. It is also inaccessible even to the person whose name is written on the document.  Addressing this issue, in pursuit for increasing accuracy and protecting privacy grounded on fair information practices, Fair Credit Reporting Act was passed in 1971. This act made a lot of difference on how credit reporting agencies work before as compared … (more) February 16, 2010

  • Freezing points in your Credit Score

    by Andy Snyder

    Identity theft is a serious threat to everyone. It is not just about your financial aspect that can be greatly damaged but you and your entire reputation can also be put at stake. Following credit report advice on how you must handle disclosing of information to others however can help in lessening the probability of being a victim of this crime.  To protect our credit reports we can actually request the credit bureaus to flag a fraud alert on our … (more) February 9, 2010

  • How to do a Rapid fix for your Credit Reports

    by Andy Snyder

    Credit reports are important documents that are known for their imperfections. The erroneous reports credit bureaus are mostly generating are causing troubles to both the lenders and consumers.  Too many people are denied of loan services and are subjected to high interest rates as a result of having low credit scores which may be caused by inaccuracies in their credit reports.  Lending professionals are also having their share of misfortune in this picture since errors in credit reports give low … (more) February 2, 2010

  • Credit Report Advice-Should you trust a free credit report?

    by Andy Snyder

    Credit reports hold the key for any and all of your future investments. Any creditor or lender has to first check your credit report to take a decision regarding your loan application. Credit is basically the money given by a creditor to a borrower with the promise that the borrower will repay the money through periodic repayments without any delay in the payments. These payments are known as instalments. Therefore, for a creditor to be assured of your paying the … (more) January 24, 2010

  • Why should you avoid frequent credit enquiries?

    by Andy Snyder

    The credit score has become a very important indicator of a person’s credit activities. It is important to lenders who want to find out how reliable the person is and it is also of very great importance to the common man who wants to go out and get a loan. We will now try and understand how exactly a credit report enquiry will affect your credit score. An enquiry is generally done by a lender or person who is interested … (more) January 17, 2010

  • Understand factors affecting your credit report

    by Andy Snyder

    The credit score is based on a number of factors, but before going into that let’s try and define the credit score. The credit score is a three digit number which defines how credit worthy you are. It is basically based on the credit report. The credit score was first developed by the fair Isaac and company, a company which records all the credit information of people. The credit score was previously not available to the public, but after a … (more) January 13, 2010

  • Credit Report Advice to know you credit report in and out

    by Andy Snyder

    Credit is the most basic term in the financial world today. This term denotes the actions when a person wishes to buy some goods or services. He then proceeds to borrow the money from a creditor or lender. When a person borrows money, he also enters into an agreement that he will repay the money in a timely manner in the form of periodic instalments as agreed. But before the creditor actually gives a borrower the money, he must make … (more) January 6, 2010

  • Know your Credit Report Better

    by Andy Snyder

    Before we get into understanding the finer details of credit reports, let us first try and define it. A credit report is a record of all your credit activities. For example, it shows what loans are outstanding, it shows how fast you repaid your previous loans, and it also shows whether any action was taken against you because of unpaid loans. In the previous days, banks or lenders would actually ask for a list of all your previous creditors. Then … (more) December 30, 2009

  • Don’t let your credit report affect your job prospects

    by Andy Snyder

    Credit is the most important factor in financial matters in the United States. Credit is when a borrower borrows some money to pay for goods and services from a creditor. It also includes a promise to pay the money back in periodic instalments with no delay in payments. Your entire credit history will be listed on your credit report. Details of every single credit along with any late payments and due amounts will be mentioned. Your credit history will be … (more) December 28, 2009

  • The Kind of Help we really need on Credit Reports

    by Andy Snyder

    When we are in trouble, whatever it may be, we tend to ask ourselves “Do I need help?” and if we are overwhelmed by digits zooming from the details of our trouble list we then have the answer for that question, YES!  To whom do we seek help? We mostly consider going to the subject matter experts. Those who know more about the issue we are dealing with. Those who have more experience related to what we are experiencing and … (more) December 26, 2009

  • Things we need to know about Credit Reports

    by Andy Snyder

    Credit reports contain vital information about a person’s credit worthiness. By now I would suppose that we already know several things about this document since whatever it has in store for us, for the lenders, for credit report agencies, for creditors, for financial institutions and for all others who can browse our files, has profound effects on our financial credibility and stability. We know this. We also have credit report advice that we can utilize to fix existing errors on … (more) December 24, 2009