Most Recent News in Credit Report News

• Loan application and the job hunt can be affected by credit report errors

  by Faye Mergel
  

  The really bad news about the credit score is that false or incorrect information can also harm it. Recently, a consumer became intrigued about the fact that she was being turned down at job applications for which she was well qualified. While reviewing her credit score report, she found out that there were three fraudulent loans on her name. One of the fraudulent loans was for a home, while the other two loans were for cars. It took this unlucky … (more) April 28, 2012

• Trend in the rates of different types of credit offered

  by Faye Mergel
  

  During the month of February the consumer credit card rates concerning the rewards as well as non rewards have increased a lot. Whereas the rates of the business credit cards & the credit cards offered to students has remain fixed in these months. There is a visible mixture in the rates of the different types of credit cards offered, yet the trend suggests that the increase in the rates is inevitable among all types of credit cards. Information from the … (more) March 31, 2012

• Laws regarding the breach of data or credit reports in the US Senate

  by Faye Mergel
  

  The senate is now checking the balance on both the sides of the pitch before providing its decision on the pass of the Data Security & Breach Notification Act. This was confirmed by a report from the AXcess News house. The passing of the bill will mean that the companies are bound to provide the consumer with two years of free credit monitoring or credit report free of any charges, provided that the records of the customer were lost during … (more) March 29, 2012

• Do not expect credit scores to improve each time an entry is taken off the credit report

  by Faye Mergel
  

  One of the consumers in the country who had 3 liens on his home totaling up to $200,000 shared his first hand experience about this fact. The consumer managed to close all the liens he had on his property. Therefore, he assumed that his credit scores would shoot up since a huge debt from his repayment history had been removed. But this was not to be. In the hopes of a better score that would help you find a good … (more) March 27, 2012

• Improve credit reports for a better job

  by Faye Mergel
  

  If you have applied for a job and are waiting for a positive response, then expect a call from your prospective employer requesting permission to access your credit reports. Denying their request may not seem to be the wise thing to do considering your job is dependent on your credit history. Hiring managers are already looking into the Facebook and Twitter accounts of prospective employees, in addition to using Google to find out more information about prospective employees to gain … (more) March 18, 2012

• Now medical bills also hamper credit report

  by Faye Mergel

  Laura and Mike Park, a couple that managed their finances well, were in for a shocker when they last reviewed their credit history. This Texan couple prided on an impeccable credit report, thanks to their diligent management of credit cards and loans. This couple wanted to make the most of the low interest rates that are currently being offered by banks on home loans. With this intent, they put their current home on sale and decided to purchase a larger … (more) March 6, 2012

• Foreclosure record can affect ability to get new loans

  by Faye Mergel
  

  In pursuit of getting out of a tough mortgage loan through a foreclosure sale of property, though the lending institutions may get to accept an amount less than that of the actual debt, they still consider you to be a defaulter. It has been observed that consumers who settled their mortgage loans through a foreclosure in the past six years are finding it difficult to get a mortgage loan again. This is because the loan strictures have become much more … (more) February 29, 2012

• Foreclosure on credit report implies years to avail fresh loans

  by Faye Mergel
  

  Over the last six years, close to four million home owners all over the United States had to opt for foreclosures in lieu of the tough financial times that shook up the world’s economy. Unfortunately, they have to bear the brunt now since many banks and other financial institutions are wary about lending them any fresh loans. This is a problem that consumers have to face when they have an entry for foreclosures on their credit report. The silver lining … (more) February 28, 2012

• The one sure place to secure the free credit report

  by Faye Mergel
  

  The world is filled with all sorts of clever entrepreneurs that have managed to make their money through the implementation of a wise business strategy or maybe just thanks to a really good product or service. The incentive of course for the people to create that good business strategy and that quality product or service is so that they can provide themselves with a source of income that is sure to be successful and is reasonably predictable. Not every entrepreneur … (more) February 10, 2012

• The fair credit reporting act and what it will do for people

  by Faye Mergel
  

  When it comes to people’s credit there is no limit to the precautions that ca be taken and to the safeguards that can be set in place. Credit is incredibly valuable in this world and if it is any way false or misleading then it can cause some people some very serious problems. Another thing about credit is that because it is such a valuable piece of information what that means is that there are people out there that will … (more) February 4, 2012

• The latest credit report could dig further into credit histories

  by Faye Mergel
  

  Those who are looking for credit need to know that the lenders they are going to apply to for credit or loans have a lot more information at their disposal than they had previously. This information makes decision making related to an application much easier. With all the available information it is far easier to decide whether an individual is creditworthy or not. The credit report of an individual will actually determine whether they would get a loan for house … (more) January 30, 2012

• Don’t need a credit card for that free credit report

  by Faye Mergel
  

  A free credit report refers to your privilege of being able to check your credit score without a credit card and that too free of cost. There is one thing in common between applying for a new job, a credit card or a loan. All these need you to have an impressive credit score in order to qualify. This is because banks base their selection based primarily on the credit score or the credit rating of the individual. Some companies … (more) January 20, 2012

• Borrowers can benefit from an impressive rental history

  by Faye Mergel
  

  If you are thinking of buying a house in the next few months or in the coming year, a very important factor that can improve your chances for mortgage qualification is your rental history. In other words, whether or not you pay your house rents on time could actually affect your chances of getting a mortgage. Experian, one of the 3 biggest credit agencies introduced a new section to the credit reports of individuals. This new section showed whether an … (more) January 10, 2012

• The DMCC and their quest to eliminate credit report errors

  by Faye Mergel
  

  There are a lot of worthy causes in the world that people can devote themselves to. The cause that people may have is to provide a cure for some sort of terminal illness or to eliminate to a certain degree the prevalence of hunger in the world. These are noble goals to have especially for the purposes of eliminating human tragedy but there are certainly other ways to go about helping people and when it comes to their credit there … (more) December 30, 2011

• Seven states of the United States offer their residents extra free credit reports

  by Faye Mergel
  

  People need to stay on top of their financial status and all of the issues that are involved with it. That is why there has always been a high degree of importance that has been placed upon being constantly aware of one’s credit so that one is always aware of what is going on with them from a financial standpoint. With the constant need to stay on top of all the issues regarding credit, people have continually sought out ways … (more) December 25, 2011