Credit Report Archive for March, 2010

• Essential Things to Understand about Your Credit Report

  by Karen Anderson

  Credit report conveys the history of your dealings with creditors. You need to look closely to your credit history. There’s information there that may seem innocent to you but not to potential creditors. Taking care of this relevant information in your credit report would make your credit or loan application successful. Take also into consideration credit report tips that will be discussed in this article. Your number of inquiries every time you apply for a credit card matters. For … (more) March 31, 2010

• Checking the accuracy of your credit report

  by Andy Snyder

  The credit report is the most important financial document today. It contains all of the information a creditor needs to make a decision regarding a new credit for a person. If the credit history has been good enough, he will approve the new loan with a good interest rate. If the credit history has been bad, the loan application might be rejected. The credit report will contain all kinds of information regarding the person including his name, addresses he has … (more) March 27, 2010

• Tips on How to Fix an Error-infested Credit Report

  by Karen Anderson

  Have you ever been rejected or not granted of your request for a loan to buy a house or a car, or to open a new credit? Or are you paying a very large amount of money for the loans you have? If your answer to either of these questions is yes, then you might have errors on your credit report. What are these errors on your credit report? Information found in your credit report, information of your unemployed and … (more) March 24, 2010

• Financial Mistakes Of The Past Haunting Present Job Hunters

  by Faye Mergel
  

  One major damage that the economic downturn did was to bring down the credit scores of many Americans. Credit scores have virtually become the universally accepted financial scoring method for consumers. It is used by lenders and other financial institutions in determining whether a loan or credit applicant gets approved or not. This is just one of the many complications that American consumers are facing due to their credit scores dropping. Another complication caused by low credit scores which is … (more) March 22, 2010

• File your credit report correctly

  by Andy Snyder

  A credit report is very important information that can be used by creditors to decide whether you are worthy of a loan. Many a times, the information on the credit report is inaccurate or wrong. This can lead to serious consequences to the person to whom the credit report belongs. The credit report basically contains the following parts. It has the personal information which includes name, bank accounts numbers, and social security number etc. it also has your credit history, … (more) March 19, 2010

• Bad Credit Reports Ruining Employment Opportunities

  by Faye Mergel
  

  It seems that Americans having a hard time landing a good job may have more trouble coming. According to some experts, a lot of employers are now looking at the credit reports of their applicants to decide whether they are going to accept them or not. The economic crisis put a lot of burden on many American consumers. Thousands of American consumers found themselves in a bad way financially due to the effects of the economic downturn. The problem was … (more) March 17, 2010

• Getting Back Up After A Bankruptcy

  by Faye Mergel
  

  Considering how bad the economy has been during the past couple of years, it is not surprising that a lot of American consumers saw their finances literally evaporate in a span of just a few months. A lot of consumers have had to get loans and rely on their credit cards just to get by. The worst of the lot have had to file for bankruptcy. Filing for a bankruptcy is the absolute last resort for consumers having financial problems. … (more) March 15, 2010

• Useful Credit Report Tips for Fixing Erroneous Credit Reports

  by Karen Anderson

  What would you do if you encounter errors on your credit report?  Inaccuracies of credit records can pose fear into any possible lender. Possible lenders may see you as a bad risk for them. The consequences of becoming a bad risk are that your application, for example a loan, may either not be granted.  If in case it was granted, you may be required to pay very huge amounts of interest. It can also affect your ability to qualify for … (more) March 15, 2010

• FTC Forces Free Credit Report Web Sites To Honesty

  by Faye Mergel
  

  Getting updated credit reports is becoming the rage nowadays and it is easy to see way. Consumers were rocked hard when the economic crisis hit. The meteoric rise of the nationwide unemployment rate made things even worse. Now that the economy is showing signs of recovery, consumers are being vary careful of not falling into the same disaster that they faced when the economy tanked which is why a lot of them are keeping a close eye on their credit … (more) March 12, 2010

• Manage debt settlement well for a good credit report

  by Andy Snyder

  The credit report is a very important document which reflects one’s ability to handle various credit instruments and hence makes a creditor want to give him or her loan. It is something like a background check and hence must be kept untarnished. There are several ways that one’s credit report can be spoilt. Debt settlement is one such issue which will definitely have a huge impact on the credit score. Debt settlement is something that is done when a person … (more) March 11, 2010

• FTC To Roll Out Consumer Protection Measures From Misleading “Free” Credit Report Offers

  by Faye Mergel
  

  Regular credit report checking is becoming a trend among consumers these days. Quite understandable considering the state of the economy at the moment and the high number of people who are having employment problems. Ever since credit reports became popular among consumers, a lot of offers for “free” credit reports have been going around. This has been especially prevalent online, though it is hardly limited to that medium only. Consumers who go online looking for ways to get free access … (more) March 10, 2010

• Co-signing Credit Card Applications May Not Be A Good Move For Parents

  by Faye Mergel
  

  It seems that parenting just gained a new headache. Come February 22, the credit industry is going to change considerably as this new credit card legislation finally activates. After months of waiting, consumers will finally see the new credit legislation of the government in action. One of the major issues that this new credit legislation, dubbed the Credit CARD Act of 2009, tackles is the problem of student credit card debt. Student card debt has been on the rise in … (more) March 8, 2010

• The Gravest Situations and Best Advises in the Area of Credit

  by Karen Anderson

  Personal information of credit account holders by the credit bureau standards will remain in the bureaus’ databases for seven years. These seven years are critical simply because seven years is a long duration of time to get rid of the worst mistakes that you can commit. However, credit reporting and credit scoring are dependent on the natures of gradation and duration. Time can be the friend and enemy of the credit account holder under certain situations. Time is your friend … (more) March 7, 2010

• Credit Reports Get Better With Responsible Payments Says III

  by Faye Mergel
  

  The activation of the bulk of the Credit CARD Act has a lot of people worried – with good reason. Although this new legislation is meant to protect consumers from abuses in the credit card industry, it does not necessarily make credit cards that much more safer for them. In fact, since the legislation’s activation actually introduces new traps for consumers, it can be argued that the legislation is making things much more riskier for credit card holders. The biggest … (more) March 6, 2010

• Broker Fined $35,000 for Dumping 230 Credit Reports

  by Faye Mergel
  

  A Las Vegas mortgage broker was fined $35,000 for improperly disposing at least 230 credit reports and other sensitive documents. The civil penalty will serve as a settlement to the FTC charges against the broker for failing to comply with the Commission’s Disposal Rule. The Federal Trade Commission (FTC) charged, Gregory Navone, of Las Vegas, NV., for dumping copies of 230 credit reports, driver’s licenses, mortgage applications, tax returns, credit cards, and bank statements in a dumpster that can easily … (more) March 5, 2010