Credit Report News, Tips & Advice
Website CertifiedPrivacy Protected

Most Recent News in Credit Report News

  • How your credit score can cost you if you are insuring your home or car

    by Faye Mergel

    The cost of insuring your home or car could increase if the credit history is not good, as increasing number of auto insurance companies consider the credit history of policy holders before giving credit.  The insurance sector has always believed that the credit history plays a vital role as it reflects the customer’s payment patterns and hence the risk is greater with customers who have a poor credit history.  While providing insurance cover to policy holders insurance companies are wary … (more) December 13, 2010

  • How job seekers can benefit from a 100-word letter of explanation

    by admin

    While job hunting most job seekers will be required to furnish their credit reports along with their resume.  This credit report will be one of the most crucial bits of information which would help employers in the decision making to hire employees.  If the credit report is not very good chances are that the employees might hit a road block when it comes to their employment prospects.  So it makes sense to attach a 100-word letter explaining the causes for … (more) December 11, 2010

  • How free credit reports can be used to increase the employment potential

    by Faye Mergel

    As more and more employers in the US are relying on credit reports to take a decision on employing prospective job seekers, obtaining a free credit report might become more necessary while applying for jobs.  This typically means that someone with a bad credit history would have little chance in securing a job.  Hence, it would be worthwhile to avail this facility that is offered free of cost and get to the bottom of the credit history. Although there are … (more) December 9, 2010

  • Borrowers can now avail free credit scores

    by Faye Mergel

    Starting January 1, 2011, consumers will have a reason to celebrate as the first New Year gift is being doled out.  Credit card reports had always been surrounded by some amount of mystery until recently.  These documents are indicative of a person’s creditworthiness and are very useful.  Consumers will now have access to their free credit card reports once a year upon request. As per the recent Federal regulation issuers and other lenders will have to provide consumers with the … (more) December 7, 2010

  • Avail free credit report by post once a year

    by Faye Mergel

    Customers can avail a free credit report once a year via post and it is absolutely free, safe and secure.  However, the customers must make the requisition from any of the three credit reporting agencies to avail the same.  The significance of the credit report is certainly undeniable as the credit reports generate credit scores.  This is very important especially while availing mortgage loans from lending agencies.  These lending agencies as well as other financial institutions lend only after thoroughly … (more) December 5, 2010

  • All that you need to know about your credit report

    by Faye Mergel

    All of us are aware of the importance of our credit reports in our daily lives and that it makes sense to avail the same at least once a year.  Well, getting the credit reports once a year is just part of a bigger puzzle as there are a whole lot of other things that one needs to look into as well.  Firstly, check to see if there are any errors in the credit reports and ensure that there are … (more) December 3, 2010

  • A good time to review your credit reports is in the month of january

    by Faye Mergel

    Reviewing the annual reports on credit cards is free and does not require any signing up or any such formalities as one is entitled to one free report from any of the three credit reporting agencies per year.  Hence, one must make this a part of their tasks in the New Year. Many years ago Congress had passed a law that required the 3 credit reporting agencies Trans Union, Experian, and Equifax to provide a copy of the credit report … (more) December 1, 2010

  • Credit improved among americans

    by Faye Mergel
    Credit improved among americans

    Americans are expecting a major leadership with the most recent government election in the nation. But besides an anticipated political victory, the people of America have one more reason to feel victorious. Fitch Ratings has reported that more and more card holders are able to pay of their debts and the yes, on time as well. The previous month, it had been reported that the Prime Credit Card charge off index for Fitch plunged below ten percent; 9.22 percent that … (more) November 29, 2010

  • FTC warns public from malware attacks

    by Faye Mergel
    FTC warns public from malware attacks

    One of the ongoing problems of the US government is the recurring issues on ID and credit card theft. From January 1, 2005 up to the present, there are around 540 million cases of such crime according to Federal Trade Commission or FTC. This figure includes both businesses and common households. 540 million victims is an alarming number. 393 of these cases are due to inflicted malware and virus inflicted onto someone’s computer system. Just in America alone, there are … (more) November 27, 2010

  • Fed helps in improving US economy

    by Faye Mergel
    Fed helps in improving US economy

    November 3, 2010, Wednesday, there was an announcement made by the Federal Reserve regarding its plan in supporting and improving the now weak US market and economy. The Fed would like the public to know that the plans they are coming up with are not that similar with the traditional changes which involves changes in the policies on monetary aspect. Fed also cleared out that such policies taking place in few weeks or months will have no direct effect to … (more) November 25, 2010

  • Bad news: credit card will register huge jumps in APR’s

    by Faye Mergel
    Bad news: credit card will register huge jumps in APR’s

    Bad news for new credit card owners: interest rates on newly offered credit cards in the market are now sky-rocketing. Just this week, a lot of credit card issuers have announced of their new rates and plans of increasing their interest rates. After the announcement by some lenders, Walmart also said that they are increasing the rates on their Walmart’s Discover credit cards. Reports say that credit card issuers as applying a rate which could be as high as 14.76 … (more) November 23, 2010

  • Credit balance dropping in consecutive months

    by Faye Mergel
    Credit balance dropping in consecutive months

    For twenty-five straight months, consumer debts have plunged to eight million dollars in the third quarter of the year 2010, according to the Federal Reserve. This is considered to be a record. With the economy still in the period of recovery, more consumers still opt to use their credit cards as a means of survival. As a matter of fact, the Fed said that there was a 12.1% plunge on consumer balance on their credit cards and the decline started … (more) November 21, 2010

  • MasterCard still #1 for non-us shoppers

    by Faye Mergel
    MasterCard still #1 for non-us shoppers

    With more consumers opting to use their credit cards rather than cash, some credit card companies have seen an increase in profit on the third quarter of the year. Just for MasterCard alone, there had been a fifteen percent increase of earnings for the third quarter of 2010. But the increase can be accounted more to the larger volumes of purchase made by credit card holders outside America. For the third quarter, an income of $1.43 billion was added to … (more) November 19, 2010

  • US military releases details on data breach

    by Faye Mergel
    US military releases details on data breach

    The US Military has reported on Wednesday, November 3, 2010 of the most damaging breach that ever took place in the history of the nation. The said major breach happened during one of the operations of the military in the Middle East in the year 2008. During an operation, it had been said that a USB device had been used in one of the Military computer ports by someone who has a malicious intention with the Military files. According to … (more) November 17, 2010

  • Protect your credit from virus and malware

    by Faye Mergel
    Protect your credit from virus and malware

    Any person who uses a computer is aware on the dangers that are caused by computer virus. The recent statistics though show that the concept and issue about computer virus and malware is actually being ignored by a lot. The purpose of the virus is to corrupt or destroy the computer or lurk around and see what you’re doing. There is always a malicious intention when virus in inflicted to a computer system. But for whatever purpose the virus or … (more) November 15, 2010