Credit Report Archive for September, 2010

Be a more responsible consumer – check your credit records
by Andy Snyder

Having a negative score or just having a point deduction in your credit rating is not the end of the world. Neither is it a loan rejection or a credit card application. These things all have something in common: yes, they affect your credit rating and credit history; and they put negative scores on your credit record. You should know that a negative credit rating may well mean higher APR’s on loans, insurance, and credit card offers. And once compounded, … (more) September 30, 2010
Report Shows Ways to Protect Against Identity Theft
by Faye Mergel

With all the news and events going on these past few months about identity theft crimes, the latest being the Zeus Zbot malware and hotel security breach issues last month, it has made American consumers more aware of the situation and make them feel vulnerable to the threat of it. But a study shows that being vigilant and taking action in safeguarding one’s credit information could help to better protecting oneself from identity theft. The U.S Secret Service and Verizon … (more) September 29, 2010
How to handle disputes on your credit history
by Karen Anderson

Your credit report contains information about your credit worthiness however this record of yours can be prone to errors thus threatening your reputation. There can be purchases made under your account that you are not aware of. There may be accounts opened under your name that you are not responsible of. There maybe accounts that you have closed in the past that were recorded as existing accounts. There may be balances that you were able to settle but were reported … (more) September 27, 2010
Is Bankruptcy Counselling really necessary, asks consumers
by Faye Mergel

Consumers who plan to declare bankruptcy are required by law to attend bankruptcy counselling sessions before they file their case. But this law has been questioned by many credit users if it is really necessary to have. The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 states that consumers are required to attend some credit counselling sessions before they file bankruptcy, according to the Federal Trade Commission. These counselling sessions are to make sure that consumers would be educated … (more) September 27, 2010
Employers List Top Credit Report Red Flags That Make Them Reject Applicants
by Faye Mergel

Recently, many companies are starting to check up more on the credit reports of job applicants before they hire them. And these companies who perform these credit checks also point out some of the many credit report blunders they find that dissuade them from hiring applicants. Employers, both from the government and private sectors, have started to use applicants’ credit reports as a basis for hiring in which they could also see how financially responsible an applicant before allowing them … (more) September 25, 2010
More Companies checking Up on Applicant’s Credit Reports
by Faye Mergel

Credit reports are becoming more of a determining factor on whether you could be successful in your workplace and job opportunities nowadays. And this causes jobseekers and employees to be more conscious and careful with their credit reports in case the subject comes up when negotiating with the higher ups. More and more companies are checking up on the credit reports of their applicants before hiring them, and the same thing goes for determining whether an aspiring employee could get … (more) September 23, 2010
Do you trust your credit report
by Andy Snyder

A lot of credit experts suggest that one should have his credit report get monitored regularly so in case some suspicious transactions are done then there is a way to at least stop a bigger and more serious damage. A number of people files complaints in regards with the incorrect information that were reflected on their credit reports. Of course this is not a very surprising thing in America. As a matter of fact, there are about 10,000 who fall … (more) September 21, 2010
Bankruptcy Is Looming: Knowing What to Do
by Faye Mergel

With economic uncertainty still going on today, it is no surprise that even our financial security could be threatened at any time. Bankruptcy is one of the worse-case scenarios for a consumer nowadays, and would leave one hell of a mark on your credit history like a failing grade highlighted with red ink. But even if you do bankrupted, rest assure that there are ways to get your credits back on the road to recovery. After filing bankruptcy, you got … (more) September 21, 2010
People are now vigilant in Filing a Dispute on Wrong Info on your Credit Reports
by Faye Mergel

With the financial uncertainty happening all around us, it is safe that we are vigilant in keeping our finances secure and our credits stay afloat. Fixing inaccurate information in our credit reports is one of the best ways of doing so, because a simple error in that document would have a more pervasive effect on other aspects of your life than what you could have expected. Good credits are important to have if you want to be more financially secure, … (more) September 19, 2010
Check your credit report before it’s too late
by Karen Anderson

Your credit report is one important record not just for you as a consumer but also to creditors, employers or any potential lenders. Credit reports contain public records, personal data, credit information and inquiries. Your identification and contact information completes the section of personal information. It contains your name, social security number, addresses current and previous, date of birth, telephone number/s and your current and previous employers. Focusing on sourcing information from governmental sources is the section of public record … (more) September 18, 2010
People Now Know the Reasons for Regular Check Up Of Credit Score
by Faye Mergel

With all of today’s events making apparent the financial uncertainty around us (the economic downturn and the millions of Americans with low credit scores), we need to be vigilant in making sure that our own credits are safe and our finances secure. Credit report monitoring is one of the best ways of doing so, and for very good reasons. Credit reports show information about your bank statements, loan payments, and a lot of other records related to your finances. You … (more) September 17, 2010
Americans Now Studying What to Look For In a Credit Report
by Faye Mergel

With the news that over a million of American consumers being in the red because of their low credit scores (and that there are many more expected to join them), there is a need to making sure that you keep your own score afloat and maybe even improve it. One of the most basic ways of doing so is by monitoring your credit report more thoroughly for any errors and more frequently than the annual check up. Credit report monitoring … (more) September 15, 2010
Money Lenders Keep A Close Eye on Borrowers’ Online Purchases
by Faye Mergel

Money lenders have a good, a very good; reason to keep an eye on their borrower’s food deliveries and online shopping. This is to make sure that their borrowers are indeed as credit worthy as they claim they are. Ever since the economic downturn, scams have appeared in almost every level of the economy and it even affected the real estate market. And these scams not only occur on the side of markets and businesses, but also on part of … (more) September 13, 2010
Taking Advantage of Your Free Annual Credit Report
by Karen Anderson

Whenever we request for a complete credit report from credit bureaus, they charge a fee for it whether it was ordered online or by mail. But to protect us from abuses like these by the credit reporting agencies, it is stated in our law that they are required to give us a free annual credit report. Each of the credit bureaus entitles us to have one credit report in a 12-month period free of charge. So, if this is the … (more) September 12, 2010
Conquering Your Credit Report
by Andy Snyder

When applying for a credit card or mortgage, people do not usually pay attention to their credit report because they are under the impression that the credit bureaus have the right information about them. As long as they pay their dues on time and avoid being bankrupt, they think that their credit history is clean enough to get them that credit line. That is not how we should handle our credit history. It is important for every individual to review … (more) September 11, 2010