Credit Questions & Answers
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  • Credit Questions & Answers

  • Q: What is spoofing?

    Spoofing is the method of extracting someone’s personal information through emails and websites. Many of the financial instututions hold people’s secret information that is collected by the thieves in this method. These are few of the nuemrous ways ued to steal your identity; stay cautious so that your hard … (more) November 21, 2009

  • Q: What is skimming?

    Skimmer is an electronic device that is commonly used by the identity thieves for swiping stolen credit cards at the cash points, hopping malls and restaurants. All the cards hold a magnetic strip at the back which contains all required data about an individual and the skimmer successfully retrieves it. … (more) November 21, 2009

  • Q: How are the cards and important documents stolen?

    Generally the thieves target the cards that have been issued recently. They also try to grab hold of the credit card application forms right from the mailbox of your residence. Few of them are called by the name “dumpster divers”. They specialize in rummaging through the waste paper baskets and … (more) November 21, 2009

  • Q: How is a dispute in a credit report submitted to Transunion?

    Trans union is one of the three credit bureaus operating in US. Any inaccurate information or negative information listed on a debtors’ credit report prepared by this agency has to be notified to the bureau so that changes are made on time. The submission of any dispute to Transunion … (more) November 20, 2009

  • Q: Should you go for self credit repairing?

    Often people rely on the credit agencies for credit repairing services. But if you are confident about your skills, it is good to opt for the self repairing process. You need to collect the recent credit report and find out if it contains any inaccuracy or not. If there are … (more) November 19, 2009

  • Q: What is the “Fair Credit Reporting Act (FCRA)” all about?

    FCRA is an act that gives individuals a chance to challenge the existing credit reports which is an important step towards thorough credit repairing. It employs a strategy that ensures complete clarity and accurate details in the credit report. The credit agencies follow this act while scrutinizing the credit reports … (more) November 19, 2009

  • Q: Is it possible to remove foreclosures and bankruptcies from your credit history?

    Foreclosures and bankruptcy are two of the most important bad patches that can occur in anyone’s credit background. Now it is quite obvious that these are blemishes which most of the lenders look through with caution before they disburse any loan or credit card. Professionals can help you with resolutions … (more) November 19, 2009

  • Q: Can credit repairing eliminate all the bad credit history?

    The true fact is that is that it is somewhat possible to eliminate your bad credit from your past credit history. But it is a time consuming affair. The more bad patches you have in the history, the more time is required to remove all of them. Generally it takes … (more) November 19, 2009

  • Q: Why is your credit report important? What are the ways of fixing your credit report?

    Credit report is the most important official document and is right-up with the birth certificate, passport, driving license, criminal or medical records. Credit report is an emblem of your credit worthiness and you need to have a clean and strong credit report. Your credit report decides whether you are eligible … (more) November 18, 2009

  • Q: Is it possible to prevent identity theft completely?

    If you feel that you being cautious will put a stop to identity theft, you are wrong. Personal information of yours is in the hands of a bunch of organizations and institutions which you cannot help. Though you can take several steps to prevent identity theft but there is no … (more) November 17, 2009