Credit Repair: Is It Legal?

If you are one of the millions of Americans struggling with bad credit you may be looking for answers and wondering what “credit repair” is…

Who Has the Right to Access Your Credit Reports?

Have you ever reviewed a copy of your 3 credit reports? If not, you should make a point to do so sooner rather than later. Your credit reports can contain a vast amount of personal information about you. This information may detail your current and previous addresses, employment history, date of birth, social security number, […]

Good Debt Vs. Bad Debt

In the financial world all debt is certainly not created equal. There are good debts and there are bad debts. The generally accepted concept is that good debts include those which work for you – investments which may grow in value. Conversely, bad debts are those which will depreciate in value. If you have made […]

Do You Still Owe a Charged-Off Debt?

“Charge-off” is a credit term which is very often misunderstood by consumers. If you have struggled with credit problems in the past, the term could easily wind up on your credit reports in association with unpaid accounts. However, while a charge-off might potentially appear to be good news on the surface it does not actually […]

Credit Problems Which Can Ruin Your Mortgage Application

If you have done your homework you already know that earning good credit is a key step in purchasing a home. Your 3 credit reports and scores will play an important role in whether a lender will approve or deny your next mortgage application. Yet believe it or not, you do not have to have […]

Mortgages: From Pre-Approval to Clear to Close

Buying a home can be an exciting and fulfilling goal to achieve, especially if you have fought to overcome credit issues in order to be eligible for a mortgage. Yet the home buying process leaves many borrowers feeling confused and frustrated as well. If you are working toward the goal of purchasing a home it […]

Mixed Credit Files

The credit bureaus get a bad rap, and often deservedly so. After all, when the credit bureaus make mistakes on credit reports the consequences can be quite serious. These serious consequences are not experienced by the credit bureaus themselves, of course. Instead it is you, the consumer, who pays the price for credit reporting inaccuracies. […]

Credit Bureaus: Their Purpose and How They Profit

There are 3 major credit bureaus in the United States known as Equifax, TransUnion, and Experian. The credit bureaus are also referred to as credit reporting agencies or CRAs for short. Contrary to a popular myth, the credit bureaus are not owned by the government. They are instead are for-profit, publicly-traded companies. Understanding who the […]

Universal Default

Credit cards represent a wonderful tool to help you build good credit, but only when they are used properly. Improperly managed credit cards can actually lead to a lot of credit and financial problems including lower credit scores and out-of-control, stressful debt. For this reason our team of credit professionals recommends that you keep your […]

How Many Credit Cards Are Too Many?

If you are looking for credit advice online or in your favorite eBook store you are likely to come across a lot of different opinions. Some credit advice will probably be very similar across the board, such as the fact that no one thinks it is a good idea to make late payments on your […]