Most Recent Questions & Answers in Credit Report

• How Can You Avoid a Messed Up Credit Record?

  by Derek Brown

  There is no doubt credit card use is a fast-growing trend that tends to be the primary means for consumers to avail certain products and services. According to the Federal Reserve Bank of Boston’s survey (2010), there are 176.8 million cardholders in 2008 and 609.8 million credit cards owned by … (more) November 20, 2010

• What are the Alarming Misconceptions We Have with Our Credit Reports?

  by Derek Brown

  Having not to understand the dangers of ignoring how your credit report is generated and how it works puts your credit history (read: future) at stake. There are various misconceptions floating around and it might hit your record soon. So before this would even happen, be familiar with some misconceptions … (more) June 30, 2010

• What is a Credit Report and How is it Generated?

  by Derek Brown

  A Credit Report or what is also referred as credit file disclosure provides you with all the information gathered in your credit file or a written file of your credit history. The information written herein is maintained by the Consumer Reporting Agency (CRA) or the credit bureaus. The three national … (more) June 25, 2010

• How Long a Negative and Positive Record Stays on My Credit Report?

  by Derek Brown

  Every financial information found in your credit report affects your credit score depending on the information listed whether a positive (e.g. long account history) or a negative (e.g. past due accounts) record. An interesting fact is that positive information stays in your credit report indefinitely. This would just mean that … (more) June 22, 2010

• Am I always eligible for a free credit report and credit score?

  by Derek Brown

  The enactment of Fair and Accurate Credit Transaction Act (FACT) Act which was signed and put into law in December 2003 guarantees every US consumer a free credit report from each credit reporting agencies (CRA’s). In addition, the law underpins new privacy regulation and identity theft protection dispute procedures. This … (more) June 17, 2010

• How Do I Fix Bad Credit?

  by Derek Brown

  Yes, it is possible to fix a bad credit report. Of course, fixing bad credit does not mean entirely eliminating the consequences corresponding to bad credit or totally reversing the situation. You would still have to deal with them. For instance, you may have extra difficulty signing up for loans, … (more) June 3, 2010

• How to evaluate your credit report?

  by Derek Brown

  The credit report can be evaluated and checked after it has been received. The different reports made by different agencies may have slight discrepancies. But if these discrepancies are extreme then the credit bureaus should be contacted and informed about the same. Checking the credit reports regularly helps to keep … (more) April 30, 2010

• Which are the three main bureaus for getting credit reports?

  by Derek Brown

  The three main crediting bureaus which provide these reports for free to all consumers are Trans Union, Experian, and Equifax. According to FCRA all these three bureaus have to provide consumers with an annual free credit report and all citizens of the U.S can avail these from any of the … (more) April 30, 2010

• What is the best way to get a free credit report?

  by Derek Brown

  Those who want to get free credit scores can do so through the crediting bureaus and there are various uses of getting these free credit reports for financial gains. According to the FCRA or the Fair Credit reporting act all citizens of the U.S are entitled to get a free … (more) April 30, 2010

• How to get your credit reports for free?

  by Derek Brown

  The FCRA or the Fair credit reporting act provides for the free credit report system, and ensures that the three main credit reporting bureaus provide all citizens with a free credit report. These reports include details of latest financial transactions and the chance to check the errors on the same. … (more) April 16, 2010