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Most Recent News in Credit Report News

  • Free Credit Reports End Up Charging A Fee

    by Faye Mergel
    Free Credit Reports End Up Charging A Fee

    A federal disclosure is being skirted on as a compulsory requirement by those companies that offer credit reports for free. This disclosure is to bring down the advertisements that mislead customers into believing false information. This requirement states that the companies that sell monitoring of credit tagging along a free credit report must clearly inform customers about the authorized government website called annualcreditreport.com which gives an absolutely free credit report to the customers. This requirement was made compulsory from February. … (more) May 3, 2010

  • Follow These Rules To Avail Free Credit Reports

    by Faye Mergel
    Follow These Rules To Avail Free Credit Reports

    Free credit reports might actually be effective after the coming Friday. The commission for federal trade decided to reduce advertisements that were misleading and made it a compulsory requirement for the companies that do offer free reports to state that there is just one site to get them. These rules being new were looked upon after last years reform bill for credit cards. This is now targeted at advertisements online, the TV and radios. Many consumers were deceived into paying … (more) May 1, 2010

  • The End Of Free Credit Report Ads

    by Faye Mergel
    The End Of Free Credit Report Ads

    A new law that has come into place will protect users from the surprise charges they get for their “free” credit report. For many customers this will prove beneficial, for Mafalda Signore, its too late. Mafalda visited a website that offered her a free credit report, and ended up with a recurring charge of 29.95$ billed to her credit card. The 80 year old Cape Coral resident went on record saying that she is pretty sharp; but didn’t catch the … (more) April 29, 2010

  • The Debate Over The Existence Of Free Credit Reports

    by Faye Mergel
    The Debate Over The Existence Of Free Credit Reports

    Credit scores are the best way to determine the health of your credit rating. Consumers by and large aren’t really aware of what their credit report comprises of, or what effect it has on ones credit score. There are many advertisements which claim free credit reports and the like; truth be told this is just a marketing gimmick to get consumers to purchase their credit monitoring and credit repair services. Daru Burdge, president of Consumer Credit Counseling Service (CCCS) of … (more) April 27, 2010

  • FTC rule, targets Credit Report Sites

    by Faye Mergel
    FTC rule, targets Credit Report Sites

    Undoubtedly you have seen those advertisements on the internet to visit a website where you can get a free credit report. The truth of the matter is that the customer is requesting far more than a free credit report. Most consumers who visit sites like this end up signing up for a free credit report, along with which they also end up signing up for a host of other programs and services. These services are “free”, for the first seven … (more) April 25, 2010

  • Free Credit Report Rule To Apply For TV, Radio

    by Faye Mergel
    Free Credit Report Rule To Apply For TV, Radio

    New FTC regulations require a website offering “free credit reports” to display a disclaimer on their websites. The ads are required to remind customers that they are permitted to request one free credit report per credit bureau per year as per federal law; they are also required to provide a link to AnnualCreditReport.com. The Federal Trade Commission mandated this new regulation to illuminate ambiguous ads posted by companies which promise a free credit report, but actually include credit monitoring and … (more) April 23, 2010

  • No more “Free” Credit Reports

    by Faye Mergel
    No more “Free” Credit Reports

    Websites offering free credit reports can no longer enroll people in their schemes under false pretences. Now websites are required to give more clarity to consumers by the law. Credit Bureaus now are compelled by the law to show a warning tag stating that the free credit report which consumers are entitled to by law is not the same free credit report marketed by the company, under the new CARD Act of 2009. According to The Federal Trade Commission, free … (more) April 21, 2010

  • “Free” Credit Reports reformed

    by Faye Mergel
    “Free” Credit Reports reformed

    “Free” Credit Cards now face the possibility of being free. To bring around reforms on advertisements bringing in customers under false pretences, the Federal Trade Commission orders Credit Bureaus to state in their advertisements that the approved site for credit reports is annualcreditreport.com only. The bill passed is to prevent companies from hoodwinking customers into taking “free” credit reports by misleading them with mass media ads that grab customers with promises of “free” credit reports. The FTC said “Consumers were … (more) April 19, 2010

  • Do You Know Who Is Watching Your Credit Report?

    by Faye Mergel
    Do You Know Who Is Watching Your Credit Report?

    Free Credit Reports can now be found with greater ease but what are the problems this can lead to!? The Federal Trade Commission has passed a rule which expects websites to mention the government www.annualcreditreport.com. Mass media follows September 1st onwards. The ads do not explain that the free credit reports can cost consumers almost $15 a month. Equifax, TransUnion and Experian are to each provide one free credit report to consumers per year. People facing unemployment, or having corrections … (more) April 17, 2010

  • Tax Credit A Benefit For New Home Owners

    by Faye Mergel
    Tax Credit A Benefit For New Home Owners

    The Worker, Homeownership and Business Assistance Act of 2009 bring joy to possible home buyers, giving them a good reason to buy a home with an improved amount on their tax credit. This is also referred to as’ homebuyer tax credit’ and is an advantage for those who will buy a house before April. This 2009 act is also referred as “$8,000 available”, it is the value of the highest tax loan given to individuals buying a home. The Louisiana … (more) April 15, 2010

  • Figures On The NCR Report – An Increase In The New Credit Measure

    by Faye Mergel
    Figures On The NCR Report – An Increase In The New Credit Measure

    A quarterly review of the total value on granting new credit showed an increase in its value from June of 2009 at R50.92 billion to September of 2009 at R53.73 billion. NCR – National Credit Regulator claims, “This is an increase of 5.51% compared to the previous quarter, though still a decline of 25.71% compared to the previous year”. This new value credit update was released by NCR earlier on Wednesday as a part of the fourth Consumer Credit Report. … (more) April 13, 2010

  • “F” rating given to Clear Your Debt and Swift Rock Financial Services by BBB

    by Faye Mergel
    “F” rating given to Clear Your Debt and Swift Rock Financial Services by BBB

    Austin-based debt settlement businesses Clear Your Debt and Swift Rock Financial Services received “F” ratings from the customer complaints based on the increasing debts and not living up to the expectations. This rating was given by the Better Business Bureau. Complaints to BBB were based on the Clear Your Debt and Swift Rock Financial Services not willing to lower the debts as promised to their consumers, although the businesses did make offers to settle the amount with a fee to … (more) April 11, 2010

  • Annual Credit Report Vs Other Free Misleading Promotional Advertisements

    by Faye Mergel
    Annual Credit Report Vs Other Free Misleading Promotional Advertisements

    “Free credit reports” many credit bureaus through ads and promotions promise to provide and have the customer pay for something that is free. As the banners claim the report to be free, in reality not so. Consumers pay for this report as they use the promotional ads they see. Some consumers are also misled into paying for various services or products in exchange for their credit report. As per the Federal US laws it is mandatory for this credit report … (more) April 9, 2010

  • A Positive Credit Report To Accelerate Your Career Graph

    by Faye Mergel
    A Positive Credit Report To Accelerate Your Career Graph

    The last reasoning on one’s mind for not being appointed for a job would be one’s credit report. Apparently it is a fact that many companies irrespective of the relevance check the credit rating and a detailed report of a new recruit before hiring them. If the report is not fit and has a few negative facts, the employer can use this as an excuse to not hire the individual. Many have questioned the need for this report being looked … (more) April 7, 2010

  • Include the Credit Report for a Loan

    by Faye Mergel
    Include the Credit Report for a Loan

    Including the credit report from your bank along with the application form while applying for a loan increases the chances of getting it approved. This is the result of a new survey that has been conducted by FRANdata. This company has experience of over three decades in collating the information of the banking and financial industry which is then analyzed by a team of professionals who come up with the results. The credit report of the bank helps analyze the … (more) April 5, 2010