Credit Report Archive for December, 2009

• Things we need to know about Credit Reports

  by Andy Snyder

  Credit reports contain vital information about a person’s credit worthiness. By now I would suppose that we already know several things about this document since whatever it has in store for us, for the lenders, for credit report agencies, for creditors, for financial institutions and for all others who can browse our files, has profound effects on our financial credibility and stability. We know this. We also have credit report advice that we can utilize to fix existing errors on … (more) December 24, 2009

• Scammers Targeting Deployed Soldiers

  by Faye Mergel
  

  It might sound like a parody, but the thing is no joke for soldiers whose identities are stolen by scammers. “Operation Desert Scam” is a term coined by investigators in referring to this latest scam which targets deployed soldiers. Specialists say there is no steadfast way for soldiers and their family to protect themselves, but they can check their credit report to deter any scam artist attempting to victimize them. This week, a scammer attempted to steal the identity of … (more) December 23, 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

• Majority of Consumers Support New Rules for “Free” Credit Report Sites

  by Faye Mergel
  

  Though figures are not released yet, the Federal Trade Commission announced yesterday that an overwhelming majority of consumers who submitted their comments support proposed changes regarding “free” credit report websites. The FTC proposed new regulations after many consumers across the country complained about being misled by some websites into monitoring services they did not really want. Regulations are scheduled to be implemented as part of the CARD of 2009, a bill aimed at providing more protection to consumers against predatory … (more) December 22, 2009

• Entrepreneurs Advised to Check Business Credit Report

  by Faye Mergel
  

  Doing business involves a lot of risks but entrepreneurs can minimize them if they know how well their potential partner is doing financially. They can do this if they pull out a business credit report, which tells them everything they need to know about a company. A business credit report is a document which shows the financial standing of a company. According to finance specialists, many companies get into risky investments and partnerships because of their lack of knowledge about … (more) December 21, 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

• Americans Can Still Find a Home after Foreclosure

  by Faye Mergel
  

  After losing their homes to the bank, many Americans are going through another struggle—finding an apartment. With the big black foreclosure mark on their credit report, it is quite difficult for them to get a landlord’s approval. If they do, they will almost certainly be charged higher rates than other tenants. However, experts say there are still ways for a person to get a nice lodging at a good rate, even if his credit report is still ravaged with a … (more) December 20, 2009

• Your “I” can be stolen

  by Andy Snyder

  What if someone at some certain point in time stole your most private ownership-your identity? This is not a metaphor or a hypothetical question for such scenario really can happen. This kind of theft is called identity theft. With the economy leaning to being a credit-based, credit identity theft is at bloom as well. Credit identity theft is a serious threat for this can ruin not only your credit line but also your identity per se. Thus it is important … (more) December 20, 2009

• Identity Theft Rises as Christmas Nears

  by Faye Mergel
  

  Long checkout lines and filled parking spaces—these are just some signs that the holiday shopping season is near its peak. Unfortunately, there is another indicator that Christmas is well on its way: the rise in identity theft. The number of consumers falling victim to ID fraudsters increases during holidays, creating serious trouble for shoppers who have to carry negative marks on their credit report they did not create. Federal investigators say people write more checks and use their debit and … (more) December 19, 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

• Shoppers Advised to Close Store Cards Wisely After Holiday Season

  by Faye Mergel
  

  It is holiday season once more, the time when gift offers and huge discounts are everywhere. It is also a time when shoppers sign up for those store cards offering 15 to 30 percent savings. However, experts note that there are many consumers who do not know how to close their store cards properly after the holiday season. This creates negative marks on their credit report, which affects their finances the whole year round. Specialists advise against the use of … (more) December 18, 2009

• Credit Report Advice: Why Prevention is better than cure

  by Andy Snyder

  Life is a busy road. Everyday you encounter traffic of stimulus all wanting your attention. It is indeed an age of information where everything is specified and is heavily detailed. And sometimes you happen to be too preoccupied that you tend to overlook some of these details which at the end of the day surprise you-in a negative manner-because they are mismatched and erroneous-like credit reports. This article presents some credit report advice that you can use in dealing with … (more) December 18, 2009

• Maine AG Supports Crack Down on Bogus Free Credit Report Ads

  by Faye Mergel
  

  Anytime a person turns on his TV set, he is likely to see an ad about a person who bemoans his financial crash. It could have been avoided if he checked his credit report for free with them, the ad suggests. However, many consumers found out that they are being billed monthly after signing up for a service they thought would provide them with a free credit report. Now that the calls are widespread, Maine’s Attorney General thinks it is … (more) December 17, 2009

• Knowledge is Power: Understanding Credit Reports

  by Karen Anderson

  Credit reports are the narrative version of credit scores. The ratings of these two evaluative tools directly affect each other. Better credit reports will result to better scores and vice versa. However, the inaccuracy of credit bureaus deals great damages to these evaluations. There are general credit report tips on the right attitudes toward these credit bureaus. It starts with… do not fully trust the credit bureaus. The law mandated the right of individuals to have free annual credit reports … (more) December 17, 2009

• Goodwill Resident Get Credit Report Check

  by Faye Mergel
  

  Many people who seek the help of Goodwill Family Center in Evansville are aware that they are in bad financial shape. However, they may not know how bad they are doing financially. That is why staff members help clients check their credit report so they would know where to start rebuilding their finances. Michelle Smith, who directs the transitional housing facility, notes that many of the residents have been struggling for quite a while. However, sometimes, they are not aware … (more) December 16, 2009