Credit Questions & Answers
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  • Credit Questions & Answers

  • Q: What do credit reports reflect?

    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

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

    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

  • Q: What does this identity theft have to do with credit reports or credit cards?

    There have been a number of instances when credit cards have been stolen and the person had to shell out his or her hard earned money to clear the credits used by someone else in order to clear his or her name as it becomes very hard to convince the … (more) April 12, 2010

  • Q: What is Identity Theft and what are the consequences of identity theft?

    This is a term used when a person impersonates you for his or her own personal benefit in terms of money, property etc. Identity theft brings a lot of sufferings to the person who has been impersonated as he or she is held responsible for the action he or she … (more) April 12, 2010

  • Q: What is identity theft? And how can it be avoided?

    Rose has thorns too, similarly technology has its advantages and disadvantages. Whereas on one side Internet has made our life easy that is, we can shop and manage our bank accounts it has also given rise to identity thefts. A recent study shows that over 10 million Americans have been … (more) April 7, 2010

  • Q: What are the different methods of loan consolidation?

    Some of the ways through which a successful loan consolidation can be achieved with poor scores include: a) Comparison of the debt consolidation companies b) Regulating expenses c) Bad credit debt consolidation Comparing of the debt consolidation companies helps debtors to get lower rates of interest because not all companies … (more) April 3, 2010

  • Q: What are the reasons for poor credit scores?

    It has been seen that poor credit scores are the results of non payments of debts and dues. These can be computed through software and they are based on the analysis of the credit reports. Some factors taken into account here include payment history of the debtors, all debts which … (more) April 3, 2010

  • Q: How to get successful credit repair with loan consolidation?

    One of the simple methods of credit repair is loan consolidation where various kinds of debts can be easily settled. There are many ways via which a successful loan consolidation can be availed to repair credit. April 3, 2010

  • Q: What happens at credit repair?

    Credit repair is a process where a company takes action at inaccuracies of your credit report. Anyone can do it, but with a repair company, it is a no-hassle process for you—all for a price of course. Always less of the stress, the repair will handle all the negotiations, contacting … (more) March 28, 2010

  • Q: How do I improve my Credit Scores to secure a loan?

    Most of the time people don’t realize that it’s due to a bad credit score that they face problems when it comes to securing loans. There are many ways to determine whether the credit score is giving a positive or a negative effect. Firstly, you can get a credit report … (more) March 25, 2010