Credit Report Archive for November, 2009

• Credit Report Mistakes Blocked Man for More Than Two Years

  by Faye Mergel
  

  A Forsyth County man was not able to get credit for nearly two and a half years after two of the three major credit reporting agencies (CRAs) recorded him as dead. Ron Snow would now laugh at the mistake and would even joke about it with family members. But the error of two CRAs was not that easy to correct. Some lenders believed that he was using another person’s identity to get a way with a loan while others simply … (more) November 30, 2009

• Basic Factors to Keep in Mind to Get a High Credit Score

  by Andy Snyder

  Financial difficulties are just around the corner for everyone. Professionals, Fathers, Mothers, even students have loans. But if you are in way too deep in your debts, then the best solution is to get a credit report advice, because this will help you have an overview of your accounts through organizing your bills and helping you estimate how much you need to pay to each credit at a certain time table. This will of course help you save money by … (more) November 30, 2009

• Foreclosures Plaguing Colorado Credit Report

  by Faye Mergel
  

  More Colorado consumers will be carrying negative items on their credit report in the next seven years as the state’s foreclosure rates soared to nearly-record high last quarter. If the trend continues, 2009 could be one of the most devastating years for homeowners, and would beat previous record lows that hit residents in 2007. According to Ryan McMacken of the Colorado Division of Housing, there were 39,000 foreclosures recorded in 2007. But he predicts a significant increase as the year … (more) November 29, 2009

• Reestablishing Creditworthiness after Bankruptcy

  by Karen Anderson

  More and more individuals find themselves falling under the strain of their financial difficulties. Especially with the global financial crisis, many have declared bankruptcy. Credit report tips constantly warn individuals against this action for it could severely damage their credit standing. Thus, for individuals who have declared bankruptcy, it seems as though the end of the world has come. However, they need not despair for there is still some hope left. Regaining financial security is surely a long and winding … (more) November 29, 2009

• Poor Credit Shoppers May Have a Cold Holiday This Year

  by Faye Mergel
  

  Consumers who plan to open store cards this holiday season are advised to check their credit report first before signing up for any plastic. Florida financial experts say those who open store cards before checking their credit report often have to shoulder high interest fees and, at times, rejected by creditors. Identity theft and inaccuracies by lenders are two of the main reasons specialists cite why consumers are suffering from poor credit, aside from being unable to meet bills and … (more) November 28, 2009

• Getting a Credit Report: Saving Your Time and Energy

  by Andy Snyder

  Getting a credit report advice has never been easier with the help of the internet. Within a few minutes, you will have a simple overview on what your credit looks like and where you are in your account. The biggest benefit of getting a credit report is that it will summarize every single account for you including every little detail to help you get a faster chance of applying for a new loan, mortgage or for a new credit card. … (more) November 28, 2009

• How to Correct Credit Billing Errors

  by Karen Anderson

  It is of prime importance that our credit reports reflect accurate and up to date information. This is because when we apply for loans or credit, our report is one of the key tools that our creditors analyze. This means that favorable decisions are usually based on whether we have a good credit standing or not.  Proper monitoring of our credit reports is an essential advice among credit report tips. This is because credit reports are not fool proof. Many … (more) November 27, 2009

• Consumers Advised to Track Credit Report Changes

  by Faye Mergel
  

  Specialists say the best way to prevent the fastest growing crime in the United States is through a regular check. Consumers are advised to check their credit report at least once a year to prevent fraudulent items from accumulating under their name. It also helps consumers in making sure that their accounts with the credit reporting agencies are updated and that no “honest” mistakes are made against them. The Federal Trade Commission (FTC) reports that last year, about 10 million … (more) November 27, 2009

• Woman Denied Mortgage Because She Was “Dead”

  by Faye Mergel
  

  A Seattle woman was denied a mortgage loan because she was listed dead when a  creditor checked her credit report. Ironically, the 78-year old grandmother only recently survived a battle that nearly took her life. Anne Howe just experienced one of the saddest moments in her life when the man she has been married with for 55 years has died in his sleep few months ago. The last thing she would want is another stressor. After her husband’s death, a … (more) November 26, 2009

• 5 Factors in Getting a High Credit Score

  by Andy Snyder

  Loans here, credits there, debts everywhere- these are the common problems facing people today. And the solution to these problems is getting a credit report advice, which will help you organize your bills and will help you estimate how much you need to pay per debt or credit each month. This will help you not to lose your money all at once. In a credit report advice, you will get 2 parts, a credit report and a credit score. The … (more) November 26, 2009

• Take Action: Correcting Credit Repot Errors

  by Karen Anderson

  Credit report tips usually relate the importance of the correcting errors in our credit report. However, most of us are unable to do so. There are several reasons for this. The most basic is that we don’t know how to read our credit report. Thus, we don’t know how to spot errors if they occur. Another reason is ignorance of our basic credit rights. Still another reason is that we don’t know what to do in the event that an … (more) November 25, 2009

• Obama Loan Modification Program Opens Door to Struggling Homeowners

  by Faye Mergel
  

  Homeowners who are about to lose a huge part of their American dream may want to take a look at the federal loan modification program that has been recently offered by the Obama administration. There are only a very few requirements, including a credit report that consumers can get for free from a government-sponsored website. The modification program helps consumers meet their credit obligations by altering some mortgage terms they have with their creditors. Specialists say the program is much … (more) November 25, 2009

• Taking Care of your Credits the Right Way: Knowing how Credit Reports Work

  by Andy Snyder

  Auto loans, credit card debts, mortgages- there are just a few people’s financial problems nowadays. And that is why getting a credit report advice has been discovered for the conveniences of people experiencing these problems. Dealing with debts and numbers is always a headache. It is never pleasing to the eyes to read about them, and to the ears hearing about them. A Credit report advice will help you to stop enduring the pain, and will make it sound even … (more) November 24, 2009

• Scammers Using Credit Report to Lure Victims

  by Faye Mergel
  

  Consumers reported that they have been getting electronic mails from Equifax telling them to check their credit report because of negative items that could affect their rating. But experts tell consumers that the credit reporting agencies (CRAs) will not send those kinds of e-mails. Worse, they could come from scammers. According to specialists, Equifax will not send consumers an e-mail advising them to check their credit report because it has a problem. It is the responsibility of consumers to keep … (more) November 24, 2009

• How to Counter Abusive Collection Practices

  by Karen Anderson

  One of the most common credit report tips is avoiding having our accounts sent to collections. However, there are cases where we are unable to prevent this. It may be that we have been unable to pay our debt or loan to our respective creditors due to various reasons. In such cases, our creditors have the right to employ the help of third party collectors.  What or who are third party collectors? Accordingly these are people who collect debt for … (more) November 23, 2009