New Year, New Credit Report Check
News from Fox Business:

We are more than a month into the New Year, which means you have another opportunity to review your credit reports for free. By law, each year U.S. consumers are allowed to download one free copy of each of their credit reports so they can review the reports for errors. This helps you avoid mistakes and discrepancies that damage credit scores.

A recent study found one in four credit reports contain some type of mistake so annual score check’s are vital to keep your financial health intact. 

You can download your free credit reports by going to annualcreditreport.com and following the instructions. You will receive copies of all three credit reports – one from each of the three main credit bureaus. Each credit bureau maintains their own version of your credit history and has their own formula for calculating scores. Since the bureaus don’t communicate with each other, it’s up to you to make sure all three reports are correct.

Once you have copies of the reports, start looking for mistakes: duplicate accounts, incorrect accounts and/or statuses and even outdated information that should be removed after the seven to 10 year statute of limitations. If you identify a mistake, look for any documentation to prove that inaccuracy. Once you have all of the information gathered, you can make your disputes.

By law, you can make disputes directly with t…………… continues on Fox Business

… Read the full article
.

Related News:


How Student Loan Debt Impacts Your Credit Report
News from Fox Business:

With many students graduating college with significant college loans, it’s important they understand how this debt shapes their credit score and purchasing power in the future.

While having a significant amount of student loan debt may limit grads’ discretionary spending and force them to live on a tight budget as they work to pay it off, it doesn’t necessarily mean their credit history will suffer.

According to MyFico.com, 39% of individuals with more than $ 50,000 in student loan debt have a FICO score above 700 and more than 7% of individuals with student loans have credit scores higher than 800. Most experts consider a credit score of above 700 to be solid.

“You are not doomed to a horrible financial future simply because you have a high amount of student loans,” says MyFico.com advisor and CEO of MoneyZen Wealth Management, Manisha Thakor. “What you have to do is manage them responsibly.” 

Here’s how student loans can affect credit history and expert tips on how students can keep their score in check.

Pay on Time, Every Month

Paying bills on time is big component of a g…………… continues on Fox Business

… Read the full article
.

Related News:


6 most damaging credit report errors
News from WREX-TV:

By Kirk Haverkamp
Provided by

You’ve probably heard that it’s a good idea to check your credit reports for errors once a year. But which errors are the ones that do the most damage to your credit score?

By some estimates, nearly four out of five credit reports contain errors of some sort. But many, if not most, of these are relatively harmless to your credit score — a misspelled address, an outdated employer or a closed, paid-off account still listed as active.

Here are six common credit report errors that can do some of the most damage to your credit score if left uncorrected.

1 – Account listed as closed by lender

Are there any old accounts that you closed out on your own initiative, perhaps following a billing dispute? If so, beware the words “closed by grantor” on your credit report in reference to that account. That means it was the lender’s decision to close the account, and that never reflects well on the borrower. You want to make sure that any accounts that you closed indicate that they were paid off and closed voluntarily by you.

2 – Outdated information

Most negative items on your credit report — mis…………… continues on WREX-TV

… Read the full article
.

Related News:

Autonet to launch Experian credit check software
News from Post Online:

Van insurance broker Autonet is in the closing stages of finalising a deal with Experian to introduce a new credit check software to aid premium pricing and an instalment payment plan for their customers.

Delphi Risk Score will provide information on credit checks, allowing Autonet Insurance to offer the most competitive insurance premiums to those who have a healthy credit rating, as well as securing payment from the correct customer accounts and strengthen systems in the fight against fraud.

The new business venture is due to be implemented in December. The companies first met in July this year to discuss a practical solution to help the insurance broker with the final stage in the insurance process for their customers.

Autonet’s new business verification team will clarify all information on customer accounts and already have systems in place to verify client identification and claims history. This process has always been in place, not only protecting the customer, but also the broker, before any policies are booked on and payment is taken.

Software house, Cheshire Datasystems, is the main provider of insurance solutions for the Staffordshire broker and has been testing the software to make sure the integration of Experian’s technology will run smoothly without any hitches, ready for the launch at the end of…………… continues on Post Online

… Read the full article


6 most damaging credit report errors
News from WFMJ:

By Kirk Haverkamp
Provided by

You’ve probably heard that it’s a good idea to check your credit reports for errors once a year. But which errors are the ones that do the most damage to your credit score?

By some estimates, nearly four out of five credit reports contain errors of some sort. But many, if not most, of these are relatively harmless to your credit score — a misspelled address, an outdated employer or a closed, paid-off account still listed as active.

Here are six common credit report errors that can do some of the most damage to your credit score if left uncorrected.

1 – Account listed as closed by lender

Are there any old accounts that you closed out on your own initiative, perhaps following a billing dispute? If so, beware the words “closed by grantor” on your credit report in reference to that account. That means it was the lender’s decision to close the account, and that never reflects well on the borrower. You want to make sure that any accounts that you closed indicate that they were paid off and closed voluntarily by you.

2 – Outdated information

Most negative items on your credit report — mis…………… continues on WFMJ

… Read the full article
.

Related News:


Creative Financing Secrets.
Things Your Mortgage Company Or Bank Either Dont Know – Or Wont Tell You!
Creative Financing Secrets.

Tom Pavelka, Ohio Man, Has A Near Perfect Credit Score: Report
News from Huffington Post:

Tom Pavelka is proof that you don’t need to be fabulously wealthy to have great credit.

The Westlake, Ohio man has a credit score of 848 out of 850, according to a recent credit score disclosure: higher than that of roughly 99.7 percent of Americans, the Cleveland Plain Dealer reported. He secured it using time-tested money habits.

Pavelka and his wife are well off, but not super-rich. Pavelka, a Labor Department worker, was paid $ 99,…………… continues on Huffington Post

… Read the full article
.

Related News:


Your Credit Score: How to Improve the 3-Digit Number That Shapes Your Financial Future (4th Edition) (Liz Pulliam Weston)
Today, a good credit score is essential for getting decent terms on credit–or for getting credit at all. But that’s just the begi…

Credit Report Nation Announces Free Scores and Credit Reports from Equifax …
News from MENAFN.COM:

Credit Report Nation Announces Free Scores and Credit Reports from Equifax EFX Experian (lon:EXPN), and TransUnion

Oct 24, 2012 (Menafn – M2 PRESSWIRE via COMTEX) –Credit Report Nation, a company that provides access to your three credit reports, scores, and monitoring services to members, announces you can now see your credit reports and scores for free from all three credit bureaus at https://www.creditreportnation.com . The Nations credit bureaus are known to only give you access to one free credit report requiring you to register for three different sites if you want to see all 3. Finally consumers have more options for how they can access all their credit information online.

… Read the full article
.

Related News:


New Report Indicates Credit Scores are Improving
News from Opposing Views:

The biggest news this week involved a new report on the state of credit in the U.S. as mortgages dropped to new record lows.

A new report from Experian shows that Texas dominates their list of cities with the lowest average credit scores. Three South Texas towns were in the top 10 – El Paso, Corpus Christi and Harlingen.

It isn’t all bad news, however. Credit scores in the U.S. are improving overall and many borrowers are getting better at paying their bills on time, a major factor in credit scoring. If you want to take a look at where your credit score currently stands, check out your Credit Report Card.

The group discount company is rebranding itself as a mobile payments provider as Groupon announced this week that it’s now supplying small business owners with an app that allows them to swipe credit cards for a small fee.

Groupon Payments, as the app has been named, is a direct competitor to Square and Paypal and is intended to help small business owners simplify their payment of swipe fees. Currently, Visa, MasterCard, American Express and Discover are all on board.

If you haven’t refinanced yet, you might want to now. The average interest rate on a 30-year fixed-rate mortgage dropped to 3.49% this week, according to Freddie Mac. That matches the previous r…………… continues on Opposing Views

… Read the full article
.

Related News:

DriveHomeToday.co Seeks to Help Car Buyers with Bad Credit Get behind the …
News from The Herald | HeraldOnline.com:

DriveHomeToday.co is Helping People with Bad Credit Secure Car Loans in Schaumburg, IL

— /PRNewswire-iReach/ — In today’s economic condition, many people find themselves with less than perfect credit scores and are labeled subprime borrowers. These people feel stuck as they are unable to get approved for loans, but need loans to help build up their credit scores. DriveHomeToday.co strives to remedy the unfair situation and help car buyers get approved and on the road to a more successful future with bad credit car loans in Schaumburg Illinois.

(Photo: http://photos.prnewswire.com/prnh/20120921/CG79123)

It is important to remember that bad credit can be a temporary problem if the right steps are taken and there are options out there to help individuals with bad credit in Schaumburg Illinois. DriveHomeToday.co would like to help people from the Schaumburg area get the car loan that they deserve while also helping them get back on the right financial track. Credit scores and car loans can be an intimidating topic.

To help, DriveHomeToday.co has setup a car credit b…………… continues on The Herald | HeraldOnline.com

… Read the full article


How To Raise Your Credit Scores 25 to 100 Points In 48 HRS, Guranteed!!
Amazon Best Seller: How To Raise Your Credit Scores 25-100 Points In 48 HoursLearn how you too can save $ 500-$ 1000 per month by in…
Your Credit Score: How to Improve the 3-Digit Number That Shapes Your Financial Future (4th Edition) (Liz Pulliam Weston)
Today, a good credit score is essential for getting decent terms on credit–or for getting credit at all. But that’s just the begi…

Removing short sale, foreclosure from credit report possible
News from San Jose Mercury News:

Many homeowners assume once they have a short sale or foreclosure, it would be very difficult for them to own a home again, let alone get a good credit rating.

Certified credit specialist Julie Macc says the moment any negative or derogatory information is listed on a credit report, it will affect a credit score anywhere from 60 to 160 points, so short sales and foreclosure definitely hurt a client’s credit score. However, it is possible to remove a short sale or foreclosure from a credit report.

According to the Federal Fair Credit Reporting Act, everything reported on a client’s credit report must be 100 percent accurate and verifiable. At a recent meeting of members of the Silicon Valley Association of Realtors, Macc indicated studies show 93 percent of consumers have inaccurate information on their credit reports. You can challenge inaccurate reporting in your credit report, she says.

“Are the dates and amounts reported correct? Is it being reported as ‘charged off’ when payment was accepted for release of the lien? Does the credit report reflect the account as being closed? Often the account is being reported as open,” says Macc.

If a borrower believes the mortgage loan servicer or lender has made a mistake regarding their mortgage, under the Real Estate Settlement Procedures Act,…………… continues on San Jose Mercury News

… Read the full article
.

Related News:


Your Credit Score: How to Improve the 3-Digit Number That Shapes Your Financial Future (4th Edition) (Liz Pulliam Weston)
Today, a good credit score is essential for getting decent terms on credit–or for getting credit at all. But that’s just the begi…
Improve Your Credit Score In 5 Easy Steps! No Matter How Much Debt You Have Now
Seeing your credit score go down the drain because you’re drowning is debt is a terrible feeling, but it is one that you can easil…

Your credit report sucks! Time to give it a makeover
News from Firstpost:

There could be number of reasons a.k.a. excuses for why your credit report looks terrible: salaries aren’t increasing at the rate at which inflation has, so it has been difficult for you to service your debt. Or, you’ve simply been a credit junkie, flashing the latest iPad and smart phone and blaming maddening consumerism for your poor credit score. May be, you’ve simply taken some unwise decisions- inadvertently of course- which have hurt your credit report. Whatever the reason, you better take steps to give your poor credit report a makeover.

Why the makeover:  Reason being, going forward it’s going to be extremely difficult for you to get any more credit.  VN Kulkarni, Chief Counselor, Abhay Credit Counseling Center, a Bank of India initiative, says, “If you have a poor credit report, which results in a poor credit score, it’s going to be very difficult for you to get future credit. Banks don’t want to give loans and credit to people who don’t pay back on time.” Also, with the number of banks’ Non Performing Assets increasing, banks are extra cautious to give credit. And, checking consumers’ credit score before deciding on a loan is now the norm. So, here a quick guide to give your credit report that much needed makeover.

Read on, take the necessary steps, and you might just get a better deal on your next loan. Says, Har…………… continues on Firstpost

… Read the full article
.

Related News:


Nearly Half Of Americans Don’t Know Their Credit Score: Report
News from Huffington Post:

In an April episode of the Fox sitcom “New Girl,” Nick is surprised to learn of his ridiculously low credit score when he tries to buy a cellphone.

One staffer at the store wonders if Nick just, “woke up from a coma.”

Nearly half of U.S. adults are in a similar vegetative state when it comes to credit scores, according to a new survey of 2,200 people from CouponCabin.com.

Sixty percent of those polled between the ages of 18 and 34 were unaware of their credit score. Older folks were a bit more savvy, 42 percent of those 35 years and older were not sure of their credit score.

While the proportion o…………… continues on Huffington Post

… Read the full article
.

Related News:


Credit for Canadians: Fix Your Own Credit Report, Protect Yourself from Identity Theft


Credit for Canadians: Fix your own credit report, Protect Yourself from Identity Theft provides step-by-step instructions to enable anyone to fix mistakes on their credit report, avoid credit repair scams, improve their credit score, handle annoying collection calls, negotiate with creditors, re-establish credit, get loans approved, and protect themselves from Identity Theft. Much of the printed and internet information about credit and credit repair currently available is not relevant to Canadians. But this book, written by Canadian credit industry insider Mike Morley, "Mike the Credit Guy" gives Canadians the facts. The author uses clear, easy-to-understand language to guide people who are looking for ways to recover from a financial setback, put their plan for financial freedom on the fast track, or simply understand how the Canadian credit industry works.
List Price:
Price: 25.41