Credit Report News, Tips & Advice
Website CertifiedPrivacy Protected

Most Recent News in Credit Report News

  • Tremendous support for new fed rules

    by Faye Mergel
    Tremendous support for new fed rules

    The Federal Trade Commission’s new rules on credit report advertising have seen wide support across the country. Among those supporting the changes are US Senator Carl Levin, the National Consumer Law Center, and the National Association of Attorneys General. The changes include clearing “advertising clutter” in websites offering free credit reports. Ways to do this range from adding disclaimers in ads to banning other special financial products. On the other hand, the issue on free internet commercial expression was raised … (more) January 13, 2011

  • A new FTC rules are required on free credit report advertising

    by Faye Mergel
    A new FTC rules are required on free credit report advertising

    The new Federal Trade Commission rules on free credit reports now require companies to make disclosures in advertising. FTC said companies must explicitly state in their TV ads the real nature of their free credit reports. The Fed refers to the fact that a company like TransUnion’s website is not the official government-authorized site to issue annual free credit reports. FTC wants TransUnion to announce this fact in their various ads. Other companies should also stop claiming they are government-endorsed. … (more) January 11, 2011

  • FTC’s guidelines to enhance accuracy and integrity of credit report information

    by Faye Mergel
    FTC’s guidelines to enhance accuracy and integrity of credit report information

    The Federal Trade Commission currently released the guiding rules that will further enhance the accuracy of the information furnishers provide to the credit bureaus or credit reporting agencies. The guidelines also involved the new way on how consumers may file dispute for any inconsistency with their credit reports. The guidelines issued included specific actions for furnishers to make certain that the information they provide to credit reporting agencies are correct and credible. In relation to this furnishers are expected to … (more) January 9, 2011

  • FTC cuts misleading advertisements

    by Faye Mergel
    FTC cuts misleading advertisements

    The Federal Trade Commission generated new guidelines eliminating the misleading advertisements in televisions, telemarketing call, print and websites companies are creating about free credit report. This is in response to the overwhelming numbers of complaints from consumers regarding the so called free credit report which turned out to be not free at all. The FTC’s regulation requires that companies offering “free” credit reports to consumers as proclaimed by their advertisements should make it clear to consumers that what they offer … (more) January 7, 2011

  • Extra credit report copy for unemployed: an unknown right

    by Faye Mergel
    Extra credit report copy for unemployed: an unknown right

    Out of work individuals are entitled to an extra free copy of their credit report. This right exists since 1996 however most consumers fail to exercise this particular right according to officials. According to the Fair Credit Reporting Act consumers are entitled to receive a free copy of their credit reports from each of the three major credit bureaus, Experian, TransUnion and Equifax once a year. The said act also includes an extra free credit report access for unemployed individuals … (more) January 5, 2011

  • More states proposed to ban credit check for employment purposes

    by Faye Mergel
    More states proposed to ban credit check for employment purposes

    Employers’ practice of running background credit check on potential employees or applicants has created a debate that is echoing until now. Currently four states already banned the said practice while 17 more states passed proposals to eliminate this credit checks for employment purposes. In 2009 the Society for Human Resource Management (SHRM) conducted a survey which revealed that employers who run credit check on their applicants or prospective employees have gone to 60 percent. This entails that, applicants who have … (more) January 3, 2011

  • Instead of free credit report, free credit scores are now offered

    by Faye Mergel
    Instead of free credit report, free credit scores are now offered

    To avoid going against the new rules implemented by the federal government, websites are no longer advertising “free credit reports” instead they now switched to using “free credit scores.” The “free credit reports” mostly advertised by websites gathered several complaints from consumers simply because the service is not free at all. Consumers usually fall into such tricks of “free” service with costly fees attached and hidden. Reality is that consumers can get a genuinely free copy of their credit scores … (more) January 1, 2011

  • The first month is a good time to review the credit report

    by Faye Mergel
    The first month is a good time to review the credit report

    One of the tasks for the New Year would be to review the credit report that you receive annually. Not only is it free for the consumers but it also doesn’t require signing up for anything. The Congress a few years ago had passed a law which required each of the 3 credit bureaus, Equifax, Trans Union and Experian to provide the consumer with a free copy of the credit report every year. Consumers also should understand that there is … (more) December 29, 2010

  • Secure a free credit report every year

    by Faye Mergel
    Secure a free credit report every year

    The criticality of a credit report cannot be denied by anyone. The credit score is in fact generated from this credit report. Whenever a person applies for credit, loan or mortgage, the creditor or lender asks for the credit report of the applicant to find out about the score of the individual. The credit score of the individuals will help the lending agency take a call. If the score of the individual is below 580, it only means that the … (more) December 27, 2010

  • Free credit scores are available more easily

    by Faye Mergel
    Free credit scores are available more easily

    Consumers can get ready for the first financial gift of the New Year. Now customers have a right to see one of the most important aspects of credit which is their credit history. It is very important for the customers to understand that this credit score as well as the credit history is a measure of their creditworthiness as far as the lenders are concerned. Thanks to the latest federal regulation which has come into effect, credit card issuers and … (more) December 25, 2010

  • Extra credit report for the unemployed

    by Faye Mergel

    There is a benefit for those who are unemployed with the Congress not to looking to take it away anytime soon. The federal law mandates that all the US consumers are provided free access to their credit reports at least once every year. Now unemployed people are entitled to an additional report while they are looking for a job. These credit reports can influence the employers’ mind to a great deal which is why it is all the more reason … (more) December 23, 2010

  • Complete information through free trial credit report

    by Faye Mergel

    Although some service providers claim so, getting a credit report might not be a free service all the time. However, borrowers have to find some way of getting the free credit report online as it would be tremendously helpful for their own cause. The credit report of an individual is an indication of all kinds of financial transactions of the individual especially when money has to be borrowed or repaid. The financial bureaus collect details of the individual across all … (more) December 21, 2010

  • A free credit report could be part of a greater puzzle

    by Faye Mergel

    Consumers must know that it is very important to order for a free credit report at least one time every year. This is because the onus is on the individuals to check if the credit report is fine and there aren’t any errors creeping into them affecting the credit score overall. The credit file from the credit bureaus is what will go to the lenders at the end of the day and it is imperative that it goes to them … (more) December 19, 2010

  • While applying for a new job always check the free credit report

    by Faye Mergel

    Once the employer accepts your job application, you may be under the impression that the job is assured and that you would be starting work in a couple of weeks.  But all of that can change especially if your credit report does not look good.  Late payments, bankruptcies, card debts, loan defaults etc will leave black marks and could affect hiring decisions as these credit reports are closely looked into by employers before they hire an individual.  So if you … (more) December 17, 2010

  • Unemployed workers get an extra credit report for free

    by Faye Mergel

    As per Federal regulations all US consumers are eligible for a free credit report once a year.  But the unemployed workers are eligible for two free credit reports each year.  This is done to facilitate to facilitate unemployed workers during their job searches.  Employers use credit reports while hiring employees and these reports have a serious impact on the decision making while hiring.  Consumers will have time to review their credit reports and make necessary changes which might help in … (more) December 15, 2010