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Most Recent News in Credit Report Tips

  • Why Companies Sometimes request for your Credit Report

    by Karen Anderson

    There are three major and recognized credit bureaus, Equifax, TransUnion and Experian. These three credit reporting and scoring companies are the ones responsible for the credit worthiness ratings that credit account holders receive. As mandated by the law in the Fair Credit Reporting Act or FCRA, credit account holders have the right to annual and free credit reports and scores from these three credit bureaus. However, the mandate of the law is not enough to make people have better credit … (more) February 26, 2010

  • FICO SCORES: The Percentage Needed to Succeed

    by Karen Anderson

    The Fair Isaac Corporation method of computing for the credit score of a credit account holder is the only official way of computing for credit score. The credit score or FICO score is the numerical equivalence of the narrative credit documentation or credit report. No matter how people may try to understand the process of computing for the FICO score, it is too complicated to comprehend. On the bright side, credit account holders can boost their credit worthiness rating in … (more) February 19, 2010

  • The Problem of owing too much

    by Karen Anderson

    The credit bureaus in their own ways can direct the financial status of many individuals. In the United States alone the three major credit bureaus are taking care of 250,000,000 of credit account holders’ information. The personal information of the credit account holders will be the basis of credit bureaus in assessing their credit worthiness. There are many technicalities in the credit bureaus’ processes of making their credit worthiness measures. Among the technicalities and problems that credit bureaus can bring … (more) February 12, 2010

  • Everything Counts: Don’t Miss Minor Details in your Credit Report

    by Karen Anderson

    Perfect does not exist in the world of credits. There are no perfect record, no perfect history and no perfect information. The world of credits evolves and revolves in its own plain imperfections. But unlike other imperfections that can be repaired; in the world of credits there are imperfections that are beyond repair if left unchecked for a long time. Credit report tips are dedicated in changing imperfections to new chances and new opportunities to improve as a credit consumer. … (more) February 5, 2010

  • Ignorance and Arrogance, the Deadliest Sins in Credit Management

    by Karen Anderson

    Ignorance is one of the worst enemies of credit account holders. The nature of mastering the credit worthiness assessments tools greatly depends on the attitude toward the system itself. As mandated by the law, credit account holders are to be granted three free annual credit reports and credit scores from the three recognized credit bureaus. Credit report tips from experts will not miss to remind the general public that they have three options regarding their credit reports and credit scores. … (more) January 29, 2010

  • Knowing the Law and your Credit Report

    by Karen Anderson

    The numerous numbers of constraints, laws and implications that credit bureaus impose unconsciously on the credit account holders through its bylaws can make movements in the credit business difficult. Luckily, credit repair companies and credit experts compensate for these constraints through credit report tips. These credit report tips enable credit account holders to discover innovative ways to make use of helpful tactics that can make the process of dealing with credit reports and credit scores a lot easier. But behind … (more) January 20, 2010

  • Being in the Know with Credit Report Tips

    by Karen Anderson

    The pressures and frustrations of getting a high credit score and improving credit reports can be too pressuring and even too frustrating for a credit account holder to handle. But pressures can be lessened and frustrations can turn into motivations if credit account holders will see the beauty and necessity of using credit report tips to their advantage. This advantage can only be achieved if the credit account holder will integrate these tips with the actual situations and dilemmas in … (more) January 14, 2010

  • Useful Tips for Credit Reports and Credit Scores

    by Karen Anderson

    Understanding Importance of a Credit Report People who apply for a credit card, a loan for buying a house or a car, or a type of credit to use in purchasing large amount of commodity or service, are reviewed of their credit report by a potential lender. Information or data shown on credit reports are collected by Credit Bureaus or also known as Credit Reporting Agencies (CRAs) from merchants, lenders, landlords, and the likes, and then sold to businesses to … (more) January 5, 2010

  • Credit Shopping and your Credit Score

    by Karen Anderson

    The idea of credit shopping is an over used shopping style that is used by many to decrease their utilization measurement in the hope of increasing their credit score and having a better credit report. However, over shopping for credit is also bad because of its long term potential detriments to the overall credit worthiness of the individual. Borrowers and credit reports recipients should avoid over doing the credit report tips on decreasing utilization. The tips prescribe to lessen utilization … (more) December 31, 2009

  • Debt Settlement, Debt Utilization, and your Credit Score

    by Karen Anderson

    Everything is at its best if it is in the right amount and proportions, nothing more, nothing less. In the businesses of credits, debts and payments the same truth applies, everything should be just right. This is the same nature that puts credit experts in an obligated position to give the best credit report tips. These tips would cater individuals to further understand the nature of credits and in answering the questions that continually bug the minds of individuals with … (more) December 29, 2009

  • Time is Gold in the Credit World

    by Karen Anderson

    Time is always of the essence in making credit reports. The time factor in documenting credit reports is seen in its stress and emphasis on the Date of Last Activity or DLA. This DLA is the guideline followed by credit bureaus in documenting the needed information in an individual’s credit report. Credit report tips are available almost everywhere, the fast development of technologies like the internet made these tips more available to the public. On the other hand, the individuals … (more) December 27, 2009

  • The Negative Effects of Closing Credit Card Accounts

    by Karen Anderson

    There are many companies out there that claim to have the capabilities to increase credit scores and repair credit reports in a flash. However, the lucrative nature of credit repair and troubleshooting business makes it very attractive even to those who would opt to make money from wrongful means.  If there is one most commonly advised wrong strategy in increasing credit score and repairing one’s credit report it would probably be-to close unused credit card accounts. This is one of … (more) December 25, 2009

  • Understanding the Simplicity of Credit Reports

    by Karen Anderson

    Credit reports are the new benchmark of competence in the field of financial dealings. Mastering the proper uses of these credit reports through credit report tips will allow individuals from all walks of life to have a possible chance of making it big because of good loans. Not everyone is able to start and make it big out of his or her own finances; there are situations that push individuals to seek help from financing institution like banks and individual … (more) December 23, 2009

  • Knowing it First Hand: Fighting Identity Theft

    by Karen Anderson

    There are many ways on how to protect your credit report identity in connection with the prevalence of crimes on identity theft and identity fraud. These two identity crimes are usually committed by lawless elements to get hold of credit accounts free of financial responsibilities since different identities are used. Credit scores are stolen to make the criminal’s credit worthiness ranking to increase and look viable for loans and borrowings. On the other hand, credit reports are stolen because of … (more) December 21, 2009

  • Credit Scores: Making it Different and Bigger

    by Karen Anderson

    Credit reports and credit scores are the most widely used evaluative systems by financial firms that operate their businesses. However, the sad truth is that even at the age where money and everything that goes along with it are important, there are still people who are ignorant of the importance of these evaluations. Fortunately, materials for understanding these evaluations, like credit report tips and credit score analyzers, are made available to the public through the internet and credit repairing firms. … (more) December 19, 2009