Credit Report Archive for April, 2010

• Credit Report Tips- Settle debts increase the value of your credit report

  by Karen Anderson

  The word credit is used by everybody in today’s world. However, very few people know the exact meaning of the word. Credit is when a person borrows some money from a creditor or a lender to pay for goods and services. The act of borrowing money also includes a guarantee to pay the money back in pre decided instalments at fixed rate of interest. The entire of America runs on the credit system. However, for a creditor to lend you … (more) April 30, 2010

• The End Of Free Credit Report Ads

  by Faye Mergel
  

  A new law that has come into place will protect users from the surprise charges they get for their “free” credit report. For many customers this will prove beneficial, for Mafalda Signore, its too late. Mafalda visited a website that offered her a free credit report, and ended up with a recurring charge of 29.95$ billed to her credit card. The 80 year old Cape Coral resident went on record saying that she is pretty sharp; but didn’t catch the … (more) April 29, 2010

• Importance of Having a High Credit Score

  by Andy Snyder

  This article would like to give you a credit score advice so that you ca improve it and able to get a high credit score. Information in your credit report is the basis of your credit score.  The three major credit reporting agencies each have version of the credit score but they based it on the original Fair Isaac scoring method. The Equifax applies the beacon system, TransUnion uses the classic FICO Risk system and Experian employs an Experian/Fair Isaac … (more) April 29, 2010

• The Debate Over The Existence Of Free Credit Reports

  by Faye Mergel
  

  Credit scores are the best way to determine the health of your credit rating. Consumers by and large aren’t really aware of what their credit report comprises of, or what effect it has on ones credit score. There are many advertisements which claim free credit reports and the like; truth be told this is just a marketing gimmick to get consumers to purchase their credit monitoring and credit repair services. Daru Burdge, president of Consumer Credit Counseling Service (CCCS) of … (more) April 27, 2010

• FTC rule, targets Credit Report Sites

  by Faye Mergel
  

  Undoubtedly you have seen those advertisements on the internet to visit a website where you can get a free credit report. The truth of the matter is that the customer is requesting far more than a free credit report. Most consumers who visit sites like this end up signing up for a free credit report, along with which they also end up signing up for a host of other programs and services. These services are “free”, for the first seven … (more) April 25, 2010

• Free Credit Report Rule To Apply For TV, Radio

  by Faye Mergel
  

  New FTC regulations require a website offering “free credit reports” to display a disclaimer on their websites. The ads are required to remind customers that they are permitted to request one free credit report per credit bureau per year as per federal law; they are also required to provide a link to AnnualCreditReport.com. The Federal Trade Commission mandated this new regulation to illuminate ambiguous ads posted by companies which promise a free credit report, but actually include credit monitoring and … (more) April 23, 2010

• How to Keep a High Credit Score Based from your Credit Report

  by Andy Snyder

  Credit score is very much important because this three digit number will help the lender forecast with some accuracy how likely a certain borrower can repay a loan. It will also help them predict how the client can make payments on time. With the help of the credit reporting agencies and credit monitoring services, customers can view their credit score. This is of course charged by the credit reporting companies. A credit score advice would help you as a consumer … (more) April 23, 2010

• Credit Report Tips – Stay away from fake reports

  by Karen Anderson

  Credit reports are the most important financial documents today. They hold the entire credit history of an individual. When this person applies for a credit, all the creditor has to do is order out a credit report and go through it. He will be able to determine who the applicant is financially. Every credit application goes through the same process. Credit is a term often heard but not explained. Credit is when a borrower borrows money from the lender to … (more) April 21, 2010

• No more “Free” Credit Reports

  by Faye Mergel
  

  Websites offering free credit reports can no longer enroll people in their schemes under false pretences. Now websites are required to give more clarity to consumers by the law. Credit Bureaus now are compelled by the law to show a warning tag stating that the free credit report which consumers are entitled to by law is not the same free credit report marketed by the company, under the new CARD Act of 2009. According to The Federal Trade Commission, free … (more) April 21, 2010

• “Free” Credit Reports reformed

  by Faye Mergel
  

  “Free” Credit Cards now face the possibility of being free. To bring around reforms on advertisements bringing in customers under false pretences, the Federal Trade Commission orders Credit Bureaus to state in their advertisements that the approved site for credit reports is annualcreditreport.com only. The bill passed is to prevent companies from hoodwinking customers into taking “free” credit reports by misleading them with mass media ads that grab customers with promises of “free” credit reports. The FTC said “Consumers were … (more) April 19, 2010

• Do You Know Who Is Watching Your Credit Report?

  by Faye Mergel
  

  Free Credit Reports can now be found with greater ease but what are the problems this can lead to!? The Federal Trade Commission has passed a rule which expects websites to mention the government www.annualcreditreport.com. Mass media follows September 1st onwards. The ads do not explain that the free credit reports can cost consumers almost $15 a month. Equifax, TransUnion and Experian are to each provide one free credit report to consumers per year. People facing unemployment, or having corrections … (more) April 17, 2010

• Managing Financial Habits: When learning is taking place

  by Andy Snyder

  With the recent economic crisis, most countries are not yet reviving their stability and America is of no exemption. This scenario is furthering the struggle of paying bills and debts on the consumers, part. During this tough economic times credit report advice is of great help in keeping one’s credit report accurate. Nowadays, having high credit score is really an asset in this credit-dominated society. The importance of having an error-free and accurate credit report, high credit scores are indeed … (more) April 15, 2010

• Tax Credit A Benefit For New Home Owners

  by Faye Mergel
  

  The Worker, Homeownership and Business Assistance Act of 2009 bring joy to possible home buyers, giving them a good reason to buy a home with an improved amount on their tax credit. This is also referred to as’ homebuyer tax credit’ and is an advantage for those who will buy a house before April. This 2009 act is also referred as “$8,000 available”, it is the value of the highest tax loan given to individuals buying a home. The Louisiana … (more) April 15, 2010

• Tips on How to Increase Your Credit Score

  by Karen Anderson

  Credit report tips are very important because it will show you how to increase you credit report scores. Credit score is calculated by weighing information in your credit report. Take note that if you aren’t’ careful about your credit, you could end up paying for clearly a low credit score. As your credit score decreases, you become more of a credit risk in the eyes of your potential lenders. This means they’ll add a higher interest rate to … (more) April 14, 2010

• Figures On The NCR Report – An Increase In The New Credit Measure

  by Faye Mergel
  

  A quarterly review of the total value on granting new credit showed an increase in its value from June of 2009 at R50.92 billion to September of 2009 at R53.73 billion. NCR – National Credit Regulator claims, “This is an increase of 5.51% compared to the previous quarter, though still a decline of 25.71% compared to the previous year”. This new value credit update was released by NCR earlier on Wednesday as a part of the fourth Consumer Credit Report. … (more) April 13, 2010