Credit Report Archive for January, 2010

• Credit Report Check First Step towards Becoming Financially Fit in 2010

  by Faye Mergel
  

  Financial resolutions have become popular over the last few New Years largely because of the economic downfall that started hitting the United States in 2007. Many economists noted that the financial crisis which lasted from 2007 to 2009 is the worst that the country has seen since the Great Depression of the 1930’s. As Uncle Sam slowly moves his way towards recovery, finance advisers say 2010 is also a great time for consumers to recover financially. Checking their credit report … (more) January 7, 2010

• Connecticut Better Business Bureau Releases Top 10 Scams of 2009

  by Faye Mergel
  

  The Connecticut Better Business Bureau recently released a top 10 list enumerating the different methods scammers rob consumers of their money. Analysts noted that the scams are aimed at the most desperate consumers—those who are struggling to find jobs, facing foreclosures, and fighting to keep debts off their credit report. Howard Schwartz said scammers hit hardest when the economy was at its toughest, with many of the scams intended to deceive consumers who need help with their debts and credit … (more) January 6, 2010

• Credit Report Advice to know you credit report in and out

  by Andy Snyder

  Credit is the most basic term in the financial world today. This term denotes the actions when a person wishes to buy some goods or services. He then proceeds to borrow the money from a creditor or lender. When a person borrows money, he also enters into an agreement that he will repay the money in a timely manner in the form of periodic instalments as agreed. But before the creditor actually gives a borrower the money, he must make … (more) January 6, 2010

• Cardholders Encouraged to Fight Internet Fraud

  by Faye Mergel
  

  Consumers can do little about stopping fraudsters from victimizing others, but there is one sure way they can stop this $1 trillion crime from growing—keeping their accounts secured. Industry specialists estimate that online credit card fraud is costing consumers and merchants $8 billion in the United States alone, with its total damage to the industry worldwide estimated to reach $1 trillion soon. The federal government has increased its security efforts, but cyberspace remains a menacing place for cardholders. While law … (more) January 5, 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

• Identity Theft a Major Concern this New Year

  by Faye Mergel
  

  This year, a Salina, KS woman became victim to identity theft after someone fraudulently opened an account under her name, causing her to run up almost $6,000 in card debts. She discovered about it when she pulled out her credit report to apply for a loan. Amanda Kirkbride is now working with authorities to solve the crime. While Amanda’s case is quite devastating, ID theft no longer seems to be an unusual crime during holiday seasons, with the number of … (more) January 4, 2010

• Consumers Advised to Save This New Year

  by Faye Mergel
  

  It is New Year once again, another time for consumers to make their financial resolutions Aside from focusing on making the best resolutions; consumers are advised to keep track of their credit report to avoid any financial disaster in 2010. Meanwhile, Harvard professor David Laibson has one for investors—something that would have saved them thousands and millions of dollars if they knew about it sooner. The economics professor advises investors not to time the market next year, noting that many … (more) January 3, 2010

• Consumer Credit Report Reveals Another Drop in Card Debts

  by Faye Mergel
  

  The Federal Reserve released its consumer credit report this month revealing that credit card debt fell once again this October, the 13th straight month consumers have shown reluctance to use their plastic. This report also revealed that revolving credit, majority of which is made up by card debts, decreased at an annual rate of 9.3 percent during that same month. In October 2008, card debts totaled at $976.1 billion, but they went down to $888.1 billion on October this year—an … (more) January 2, 2010

• 1000 Anchorage Residents Need to Pull Out their Credit Report Soon

  by Faye Mergel
  

  One thousand residents in Anchorage, Alaska may have to check their credit report soon for mysterious or fraudulent items after a recent computer hack left them vulnerable to identity theft. Investigators are yet to determine who is behind the hacking, but Jan Jones of the Consumer Counseling Service of Alaska warns that the case could be quite complicated. Police officials believe that it is a computer hacking after eliminating possible angles of the case. However, they refuse to release the … (more) January 1, 2010