CREDIT » Credit Scores & Reports
Posted in Credit
, Credit Reports
If you meet certain searchable criteria that lenders are looking for (such as age, state of residence, annual income, and credit score), the credit bureau may send your name, address and telephone number to lenders who are part of the trigger lead program, in order for them to solicit your business.
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By law, the credit bureaus must investigate any disputed information within 30 days. When they complete their investigation, they must also notify you in writing and send you a free copy of your report with the result. Read More...
When you apply for the credit, your bank, credit card company or mortgage lender uses your credit report to evaluate the potential risk of lending money to you. An “investigative consumer report,” on the other hand is a form of credit report that is more like a detailed background check. Read More...
If you are falling behind in your payments, the best thing you can do is to call your creditors as soon as possible and explain your situation, that way you can avoid from getting a bad credit history. Read More...
Posted in Credit
Adding credit accounts to your file can make a big difference in your credit score. Read More...
If you think you’ve been victimized by an advance-fee loan scam, you can report it to the FTC. Read More...
When in doubt of credit repair companies always research online. Read More...
Posted in Credit
, Credit Reports
A history of on-time payments will help you establish a good credit history. Read More...
A bankruptcy filing will remain on your record for the full legal term, you can begin to diminish its effect the day after it is filed by adopting good habits with your credit and not biting off more than you can chew. Read More...
Posted in Credit
, Credit Reports
When negative information on your credit is accurate, the only remedy is patience, financial responsibility, and the passage of time. Read More...
Free Credit Report
From the time you open your first credit account, the three major credit bureaus – Experian, Equifax, and Transunion -- keep an invisible paper trail of all of your account activity when it comes to credit and loans. Up until recently, many consumers did not know what information was contained in their credit report unless they were turned down for credit, and requested a copy from one of the major credit bureaus.
However, in 2005, the federal Fair Credit Reporting Act (FCRA) mandated that consumers were entitled to one free credit report a year from the three credit bureaus. You can get your free credit report by going to www.annualcreditreport.com, a free website that was set up jointly by the three major credit bureaus.
If you have ever applied for a credit card, mortgage, or auto loan, then you probably know that your credit history, as reflected in your credit report, makes a big difference it the interest rates you qualify for, or whether you qualify at all. Get your free credit report and make sure your credit profile is the best it can be.
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