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Most Recent News in Credit Report Tips

  • Credit Rights: A Consumer’s Essential Armor

    by Karen Anderson

    There are various credit report tips available that talk about the importance of having a good credit score or understanding a credit report. Although all of these are well and good, there is an even more pressing concern that has to be addressed. The main problem on why consumers are easily scammed, misled, or discriminated against is that they are unaware of their rights.  Whether applying for credit or loan, correcting errors in our report, or battling against identity theft, … (more) November 17, 2009

  • Deciphering Our Credit Score

    by Karen Anderson

    We often read about the importance of our credit scores in credit report tips. Apparently, this three-digit number is one of the most important indicator of our creditworthiness. Whenever we apply for credit, lenders and other financial institutions primarily base their decisions on our credit score. It is therefore a misconception to think that  it is our age, race, gender or even income that primarily determines if we are to be granted credit. Thus, the more we know about our … (more) November 15, 2009

  • The Advantage of Professional Credit Repair Services

    by Karen Anderson

    Credit report tips usually advice credit repair when consumers have either low credit scores or inaccurate credit reports. However, this does not necessarily mean that one should run to the nearest credit repair company. In the Fair Credit Report Act, consumers are able to dispute errors in their credit report for free. So this means that consumers have two options for credit repair: either they do it themselves or they hire a professional to do it for them. Since individuals … (more) November 13, 2009

  • Unveiling Credit Report Scams

    by Karen Anderson

    Credit report tips usually advice credit repair for those with bad credit. However, credit repair scams abound that promise quick credit fix. Unfortunately, many are deceived by these false claims either due to desperation or ignorance. We should remember, however, that quick and easy solutions for bad credit do not exist. On the contrary, they may even come at a high price such as identity theft. Fortunately, there are several indicators that would allow us to unveil credit repair scams. … (more) November 11, 2009

  • The Major Pitfalls of Credit Scores

    by Karen Anderson

    Being creditworthy is an important thing for it means that we are better able to get approval from creditors and lenders when applying for loans. Because decisions are made primarily by the analysis of our credit history, our credit report should therefore reflect our good standing. Among the credit report tips to consider is avoiding common pitfall that negatively affect our credit score. The first pitfall is paying late. Our payment history comprises thirty-five percent or almost one third of … (more) November 9, 2009

  • How to Correct Errors in our Credit Report

    by Karen Anderson

    Our credit reports usually come from a credit reporting agency or a credit bureau. They are the one responsible for gathering and compiling our financial information. These reports in turn are what lenders and other companies use in assessing whether they would do business with us or not. Thus, it is very important that the reports are accurate. However, instances do occur wherein there may be errors in our report. This is because so much information is processed that mistakes … (more) November 7, 2009

  • The Basics of Credit Report

    by Karen Anderson

    Before we go into the intricacies of knowing credit report tips, we must first answer the basic question of what a credit report is. How much do we now about them? More importantly, do we really understand them? Having a good grasp of a credit report is important for it enables us to analyze the things that we could improve or avoid in order to maintain a good credit record. A good credit record in turn is indispensable in widening … (more) November 5, 2009

  • The Importance of Good Credit Standing

    by Karen Anderson

    The saying “money makes the world go round” may not be as true nowadays. As we all know, the use of monetary currency is now being displaced by the increasing use of credit. We finance our homes through mortgages and obtain loans to pay for our college education. Especially with the financial crisis we are experiencing, we do all these transactions through the use of credit cards. So perhaps it is more accurate to say that “credit makes the world … (more) November 3, 2009

  • How to Request for Reinvestigation for Credit Reports

    by Karen Anderson

    How much are you getting from credit report tips? By now, you should know that credit report bureaus make mistakes more than half of the time and you should also do an investigation of your own. This is true for everyone, even those who do not have poor credit history. This is also especially true for people who are planning to make a big purchase such as a car or a house. If you have plans of making a big … (more) November 1, 2009

  • Credit Report Errors Should be Disputed and Reinvestigated

    by Karen Anderson

    If you lack action upon stumbling on a credit report error, you will end up with nothing no matter how many credit report tips you read. Your credit report is crucial when it comes to the future of your financial status. There will always be a point in your life when you may need to open a credit line, apply for loan or apply for mortgage. All these situations will require you to have your credit report prepared by a … (more) October 31, 2009

  • Act When You Find a Credit Report Error

    by Karen Anderson

    Your credit report is prepared by credit bureaus but most of the time, the information that they put in their report are erroneous. In fact, 76% of the time, credit bureaus are making inaccurate assessment of your credit scores. This is why credit report tips contain information on how you can be prepared should you encounter an inaccurate assessment on your credit report. You should take action if you are wrongly assessed. You should be familiar with your credit … (more) October 30, 2009

  • The Difference between Credit Report and Credit Score

    by Karen Anderson

    There are distinctions between credit report and credit score and this is one of the most helpful among credit report tips that you are currently looking for. If you have been a credit card holder for along time, you are probably among those who took information regarding credit report and credit score for a long time. After the impact of financial crisis, more and more people are recognizing the need to be well-informed on how credit cards, loans and mortgages … (more) October 28, 2009

  • Do Not Be Victimized: Know Your Credit Report

    by Karen Anderson

    One factor that triggered the financial crisis is the credit crisis. Given that people have become reliant with credit cards, there were so many credit companies who came out of nowhere and got into the very profitable business of credit cards. Unreliable credit card companies have given unreliable service and mediocre credit cards causing interests to soar until such time that there were so many credit card users who could not pay. Do not let this happen to you or … (more) October 26, 2009

  • Knowing the FICO Scoring and Your Credit Score

    by Karen Anderson

    Did you know that 78% of American households had one or more credit cards in 2008? This was according to a Nilson Report that was released in April 2009. This is a proof of how Americans have become reliant to credit cards making it inevitable for information on credit report tips to be made available. This is to arm every credit card holder with knowledge on the advantages and disadvantages of holding a credit card. Inasmuch as a credit … (more) October 24, 2009

  • Reading Your Credit Report the Easy Way

    by Karen Anderson

    Useful credit report tips should tell you how to read your credit report. Sometimes, people take their credit reports for granted because it looks lengthy and full of technical terms. However, you need to understand everything that is contained in your credit report so you can keep tabs on your various accounts and also so you can also handle your debts easily. Do not get overwhelmed with all the technical terms and the length of your credit report. It does … (more) October 22, 2009