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Most Recent News in Credit Report Tips

  • The changing face of FCRA

    by Karen Anderson

    Credit histories existed about a hundred years ago. It was not as well established as it is today. Credit histories were used by merchants to assess their possible customers. It was a record of negative information about the person involved. Also these records cannot be viewed by consumers. As years passed credit records change face. Fair Credit Reporting Act was created to regulate the activities involved in by credit reporting bureaus. This law sets restrictions of who can access consumers’ … (more) November 10, 2010

  • Can rapid fix really help clear your credit history?

    by Karen Anderson

    Quick fixes always sound good but from the moment scams became associated with these words people started having second thoughts about this unusually fast way of solving problems. This is one of the main reasons why people mistakenly believe that rapid rescoring is nothing but a scam. Well we can’t blame them for there are really some people who do scams with this rapid rescoring service however we must not forget that legitimate offers catering such service really exist. If … (more) November 3, 2010

  • A review on credit reports

    by Karen Anderson

    We mostly hear of the words credit reports but how well do we really know credit reports? Well now is the time to review the basic things we need to understand about credit reports. Credit reports are records of consumers’ financial activities and behavior. Credit bureaus like the three major credit bureaus- TransUnion, Equifax and Experian have these credit histories of people. Credit histories carry crucial information about consumers. These reports include identifying information including the name, previous addresses, and … (more) October 29, 2010

  • Making inquiries about entries on your credit history

    by Karen Anderson

    Credit reports carry crucial information about one’s credit worthiness. You can actually be defined by the credit score derived from these credit records. You can be denied of loans in an instant just because of having a good credit score. You can also be deprived of experiencing favorable rates if you carry a bad credit record. You can even be rejected with your job application because you did not handle your credit lines well. This is how piercing this credit … (more) October 20, 2010

  • A good credit report awaits you

    by Karen Anderson

    Having a good credit record must be one of the things that’s keeping you busy nowadays. If you are able to set a good start in your credit report well things would not be hard for you. You just need to be consistent with being financially responsible and credit worthy. Keeping a good credit report may not be easy for you if you have an already messed up credit record. The thing is whether you have a good credit standing … (more) October 11, 2010

  • Protect yourself from identity thieves – check your credit report regularly

    by Karen Anderson

    Credit reports hold vital information about consumers. They play pivotal role in assessing how risky one can be. Lenders primarily utilize credit reports to determine what rate will be given to their customers or whether to make business with them on the first place. It is not surprising to know how credit report can influence people’s lives for now even non-credit institutions make use of credit reports in their own business-related ways. If you are confident enough with your credit … (more) October 5, 2010

  • How to handle disputes on your credit history

    by Karen Anderson

    Your credit report contains information about your credit worthiness however this record of yours can be prone to errors thus threatening your reputation. There can be purchases made under your account that you are not aware of. There may be accounts opened under your name that you are not responsible of. There maybe accounts that you have closed in the past that were recorded as existing accounts. There may be balances that you were able to settle but were reported … (more) September 27, 2010

  • Check your credit report before it’s too late

    by Karen Anderson

    Your credit report is one important record not just for you as a consumer but also to creditors, employers or any potential lenders. Credit reports contain public records, personal data, credit information and inquiries. Your identification and contact information completes the section of personal information. It contains your name, social security number, addresses current and previous, date of birth, telephone number/s and your current and previous employers. Focusing on sourcing information from governmental sources is the section of public record … (more) September 18, 2010

  • Taking Advantage of Your Free Annual Credit Report

    by Karen Anderson

    Whenever we request for a complete credit report from credit bureaus, they charge a fee for it whether it was ordered online or by mail. But to protect us from abuses like these by the credit reporting agencies, it is stated in our law that they are required to give us a free annual credit report. Each of the credit bureaus entitles us to have one credit report in a 12-month period free of charge. So, if this is the … (more) September 12, 2010

  • Tips on Keeping Your Credit Report Clean

    by Karen Anderson

    We maintain a good credit history because we want to make sure that whenever we need to apply for a bigger balance, we deserve to be approved for it. People who prefer using cash over credit are usually under the impression that they do not need to build credit history because they can pay upfront. However, it is always good to be safe. If ever there comes a time that we run out of cash, all that is left would … (more) September 2, 2010

  • Tips on Filing a Dispute on Your Credit Report

    by Karen Anderson

    Credit reports are rarely 100% accurate. More often than not, information that is sent to the credit reporting agencies’ database are erroneous. One of the reasons why it is inaccurate is because different people have different interpretations on the data given to them. So, when the encoders type this in the system it will come out erroneous. Also, because they are dealing with billions of pieces of information, it is usual that these are mixed up. Having inaccurate data on … (more) August 25, 2010

  • Tips on Fixing a Bad Credit with Your Credit Report

    by Karen Anderson

    Having bad credit is becoming unavoidable these days. The economic crisis has brought us to a point where it is becoming more and more difficult for us to pay our debt on time and keep up with the terms our lenders and our creditors laid out. As much as we want to keep good credit and a high credit score, it seems that the only choice that we have is to learn how to manage our finances given the circumstances. … (more) August 18, 2010

  • Tips in Understanding and Taking Care of Your Credit History

    by Karen Anderson

    Your credit report is an essential file that can determine your financial fate. This is the information lenders use to decide on your application for a credit card, a loan, or any type of debt. Employers also use them on evaluating your person. Landlords request for them so they would know how well you pay. If you want to be granted any loan amount that you request, a low interest rate, a good apartment, and a good job, you must … (more) August 11, 2010

  • How Students Could Improve their Credit Scores

    by Karen Anderson

    For whether you are a tenured employee or just an ordinary student, there is always a need for you to work hard in order for you to have good credit ratings. FICO scores are very essential especially if you are trying to build a reputation worthy of future credit activities. As students, there is no excuse for you to establish a reputable credit line. Its not because you don’t have work that frees you from standing for your financial obligations. … (more) August 4, 2010

  • Understanding How Credit Bureaus Work

    by Karen Anderson

    Consumers may find it hard to understand the roles of the credit bureaus especially if they are not geared to attaining good FICO scores. But every consumer should acquaint themselves on the important roles done by the three reporting agencies in order for them to know what interventions or credit report tips could be used to improve ratings. Credit bureaus are important if you want to have a good chance for financial enhancement. Not only do they affect credit opportunities … (more) July 23, 2010