The Fair Credit Reporting Act: 11 Important Rights The Fair Credit Reporting Act is the legal law that regulates and monitors the credit reporting process. According to the JD Supra, the cases filed through FCRA is 5,406 and it is a 3.5% increase from the year 2020. Credit reporting agencies or loan providers should follow […]
Fair Credit Reporting Act – 6 Things To Know Credit reports can often be the source of a lot of stress. The previous statement is especially true if you are currently battling bad credit or if there are errors on your credit reports. Even if the credit problems you are facing are not your fault, […]
Worried about your current credit situation? Concerned that you’re going to be doomed for the rest of your life because of mistakes you made in the recent past? Don’t be. Know how far back does credit reports go? Your credit report simply serves as a useful guide for lenders to understand what kind of debt history […]
The Difference Between Credit Reports and Credit Scores The credit industry often uses terms and abbreviations which are not fully understood by consumers. To make matters worse, sometimes uninformed members of the news media or even some self-proclaimed “experts” will misuse credit terms and perpetuate credit myths, occurrences which only add to consumer confusion about […]
Information Not Found on Credit Reports No one likes a tattletale, and at times that is exactly what a credit report may feel like. Credit reports, after all, can tell future lenders and even potential employers all about your financial past, including any mistakes you may have made. Yet the truth is that your credit […]
How Long can Bad Debt Damage My Credit report? Your credit reports are tools, tools that are routinely used by lenders, banks, creditors, and collection agencies (among many others). Do you wonder how long can bad debt damage my credit report? Naturally, credit reports are tools that are used to review applications for financing and […]
Do you want to know how to fix errors on your credit report? To err is human, but what if it affects your credit? Wouldn’t you take all the necessary steps to rectify those errors? The credit report, which states the individual’s credit history may have errors in rare cases. These errors could affect your […]
Keeping track of our performance is key in any successful process. Sometimes people may deviate from their primary focus and concentrate on unrelated tasks. They may unknowingly spend their time and money on things that aren’t a priority. A performance tracker is necessary to evaluate and monitor our creditworthiness. This blog focuses on the methods […]
You may be familiar with the terms credit reports and credit scores becuase you used your credit scores for getting loans and viewed your credit report once a year for errors. What you may not know is the purpose of these credit reports and the credit scores. The credit report shows the complete information regarding […]
A credit tradeline is a term to describe a credit account. If you have a credit account, then you have tradelines on your report. Tradelines may be in the form of a line of credit, car loans, mortgages, credit cards, or payday advances. Credit tradelines play an important role in determining your credit score. Some […]
Your payment history is 35% of your credit score, and late payments are one of the most damaging things on your credit report… even if they’re just one or two payments. Often overlooked, these late payments can represent a serious threat to your credit. But you can get late payments removed from your credit report […]
