Category: Credit
Most Americans need good credit to survive. Whether it’s buying a new or used vehicle to getting into a new Apartment or home, credit is required and bad credit will leave you stuck in in someone’s basement and having to take the bus to work. Don’t become a victim of bad credit and learn how to take control over your credit report!
How to Recognize Identity Theft
How to Recognize Identity Theft In 2013 alone, there were 11,571,900 Identity Theft cases reported, costing consumers over $21 billion. That number will continue to climb in 2014. So how does one go about protecting themselves by simply recognizing identity theft? By actively monitoring your credit profile, using services (free or paid) such as CreditKarma, Credit.com or CreditSesame, you […]
How to Increase Your Credit Score
How to Increase Your Credit Score Regardless of the amount of money you make, your credit score can affect you financially, whether you’re applying for a new credit card or even trying to get approved for a new home loan. It can be the difference of actually getting approved, and even getting lower APR rates. If […]
What is Vantage Score?
VantageScore is a scoring system that was created in 2006 by all 3 bureaus (Equifax, Experian and TransUnion). It’s owned and controlled by VantageScore Solutions, LLC. — allowing the 3 CRA’s to license the model and scoring methods. The reason for creating this new scoring system was to compete with Fair Isaac, the company that […]
What is the Difference Between Good and Bad Credit?
What is the Difference Between Good and Bad Credit? It would be easy to assume that all credit is bad – I mean in all instances you’re borrowing money you cannot afford right now under the assurance that you will pay more than you borrowed to settle the loan. However, not all reasons for borrowing […]
How Credit Scores Work
How Do Credit Scores Work? Credit Scores are used by most creditors, and we’re being marketed to, almost on a daily basis, to watch our credit scores closely (ie, free credit scores, credit monitoring, alerts, etc.), but why? Why do credit scores matter and how do they work? Why Credit Scores Matter Most financial institutions […]
What’s The Difference Between a Soft Pull and Hard Pull for Credit Reports?
Inquiries can appear on your credit report and even bring down your credit score, depending on the type of pull that occurred. So what is the difference between a soft pull and a hard pull? If you decide to apply for a bunch of credit cards, you’ll quickly find out that your score can be affected […]
What is a Credit Report and Why is it Important?
Your credit report is, as simple as it sounds, a report of your credit history. Your credit history starts from the age of 18 and exists for as long as you do. Everything you do, as far as credit goes, good and bad, will appear on this snapshot of your credit history. What Are Credit […]
Method Of Verification
If you’ve read some of our articles regarding disputing negative items on your credit report, you may have noticed that we have discussed the Method of Verification a few times. Method of Verification is a consumers legal right under the Fair Credit Reporting Act section 611 (a) (7). This section states that: A consumer reporting […]
How Can I Get My Credit Report for Free?
How Can I Get My Credit Report for Free? There are many ways to get your credit report, even for free. You can get your credit report by phone, by mail or online. There are 3 different credit bureaus that you should be concerned with: Experian, Equifax and TransUnion. Getting Your Credit Report for Free […]
How Long Do Negative Items Stay On Your Credit Report?
There are a lot of different things that can be reported to the credit bureaus and put on your credit report, but how long do the negative items stay? That depends. As stated above, there are many different types of negative information that can show up on your report. For instance: Late Payments can stay […]
