First Time Home Buyers
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"Credit 101"
Each credit grantor has established criteria for making credit decisions. Your credit may appear to be perfect, but having too much credit or too many outstanding balances are examples of why your request for credit might be declined. Sometimes the decisi
Continue Reading →Under the Fair Credit Reporting Act (FCRA) you have the right to dispute the mistake with the credit bureau providing the information. You should submit the credit report dispute in writing, providing any proof you have to support your claim. If the credit bureau determines the information was indeed inaccurate, your credit report will be [...]
Continue Reading →The Fair Credit Reporting Act (FCRA) is the federal law regulating credit reporting companies. This law protects consumers’ rights, such as the right to review and contest information in their credit profiles. It also specifically defines who can access t
Continue Reading →You should check your credit report at least once a year to make sure your identity has not been compromised. It’s a good idea to also check your credit report before applying for a loan, if you’ve been denied for credit, you think your identity has been
Continue Reading →Review Your Credit Reports Regularly
If your identity has been stolen, regularly review your consumer credit reports to detect any suspicious activity. You are entitled to free credit reports, one from each of the three large credit reporting agencies
Continue Reading →Federal law entitles you to one free credit report each year from each of the three credit bureaus. This credit report should be ordered through www.annualcreditreport.com.
Continue Reading →The three credit bureaus are: Equifax, Experian, and TransUnion. The websites are www.equifax.com, www.experian.com, and www.transunion.com, respectively.
Fair Isaac is not a credit bureau. It is the company who develops and maintains the FICO score.
Continue Reading →Opt-Out
To protect yourself further by removing your name from mailing lists, pre-approved credit offers among other lists, see below:
- To stop prescreened credit card offers, call toll free: 888-567-8688
- To get off many lists for marketing mail, calls and email:
http://www.dmaconsumers.org/cgi/offmailinglist
http://www.dmaconsumers.org/cgi/offtelephone
http://www.dmaconsumers.org/consumers/optoutform_emps.shtml
For information on the federal [...]
Continue Reading →Your credit score is calculated by using mathematical models that analyze your creditworthiness. The models consider the amount and types of debt you owe and then analyze and compare your repayment history with thousands of other consumers to arrive at a credit score.
Some of the most important factors in determining your credit score include [...]
Continue Reading →A divorce does not supersede the original contract with the creditor, and does not release you from legal responsibility on any accounts. You must contact each creditor individually and seek their legal binding release of your obligation. Only after that release can your credit history be updated accordingly.
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