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Most Recent Questions & Answers in Credit Report

  • 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

  • What do credit reports reflect?

    by Derek Brown

    The credit reports reflect the financial potential of the debtor or the borrower and their ability to repay loans and the interest rates. Credit reports reflect statuses of the borrowers and their creditworthiness. For instance, scores from 300 to 499 reflect very bad crediting, while 500 to 580 are poor … (more) April 16, 2010

  • What are the benefits of free credit scores and reports?

    by Derek Brown

    One can access their free credit scores and reports easily through online means. A regular check of your credit reports ensures that you get reports that are free from risks of errors. Thus an individual is able to keep a track of the same and detecting these errors can be … (more) April 16, 2010

  • What is the importance of credit report?

    by Derek Brown

    Your credit report is one of the most important documents as it list down all your personal and financial information like Social Security Code, address, date of birth, list of your mortgages, credit cards and loans. It reflects whether you have been honoring your dues or you are not. It … (more) March 20, 2010

  • Why is it important to check credit reports regularly?

    by Derek Brown

    There have been a number of cases where there has been an identity theft and to be on the safer side it is always advisable to check your credit report. It is also a way to find out if there have been any errors in the credit report so that … (more) February 26, 2010

  • What is the other information that the credit report holds?

    by Derek Brown

    Along with your credit card dealing this report holds a variety of other information like your personal information i.e. name, address, social security number etc. It also contains records of your past and present employers and any loans that have been taken etc. This report also shows your credit worthiness … (more) February 26, 2010

  • What are credit reports?

    by Derek Brown

    A credit report is a record on your credit card dealings. This report mainly gives you an insight to all your loans and accounts pertaining to the use of your credit cards. It also gives a detailed report on your balance and the payments made. February 26, 2010

  • Am I eligible to receive credit reports without having a credit card?

    by Derek Brown

    United States of America passed an act “The Fair and Accurate Credit Transactions Act” and if you are a citizen of United States then you are eligible to receive annual credit reports even if you do not possess a credit card. There are a few companies like Experian, Equifax and … (more) February 26, 2010

  • What is the correct way to fix errors in a credit report?

    by Derek Brown

    Certain agencies provide complete rules and regulations for maintaining the credit reports. These agencies also help the customers settle the disputes directly with them. These rules help the customers to very easily settle all sorts of disputes. These agencies are Federal Trade Commission (FTC), Fair Credit Reporting Act (FCRA) and … (more) January 6, 2010

  • What is the correct way to use a credit report?

    by Derek Brown

    In today’s time, it is very difficult to maintain credit reports. It is also very difficult to maintain and improver the credit scores. It is very important to have a copy of the credit report before the individual is filling a mortgage application or any credit card offer. Credit report … (more) January 6, 2010