Traditionally rental payments have not been a part of the major credit reporting agencies. Consumers who paid rent late did not have to worry about a ding added to their credit reports, until now. In June 2010, Experian, one of the largest … [Read more...]
As the economy remains in a stalemate, job applicants continue to struggle in becoming gainfully employed. The job market, although showing signs of improvement, remains highly competitive. The Labor Department’s monthly report on jobs is … [Read more...]
A denied credit application can be shocking if you were counting on making a purchase, whether it is a major purchase like an automobile or a smaller purchase such as furniture or appliances. Consumers are often blindsided when their applications for … [Read more...]
Most consumers concern themselves with the three major credit reporting agencies – Experian, Equifax and Transunion, when it comes to credit reports. But, there are roughly 40 specialty consumer reporting agencies which may impact your financial … [Read more...]
Being aware of the information in your credit reports is a huge step in the right direction. Positive and negative information influence your credit history and especially your credit scores. Knowing the information that exists about you can help … [Read more...]
The main goal in fixing your credit report should be to remove negative information while adding positive information. All negative information less than 48 months directly affects your credit score. Bad credit affects your good name and your … [Read more...]
Your credit report reflects the ability to manage debt and handle credit responsibly. If only negative credit exists on your credit report, the credit scoring model will calculate your credit score low because it appears as though you are a high … [Read more...]
Having negative information on your credit reports can feel like a life sentence but there is a time limit to most negative credit entries. The Fair Credit Reporting Act, Sections 605 and 623 govern reporting timeframes for consumer credit … [Read more...]
Consumers normally think of credit cards, mortgage and auto payments and collection accounts comprising the information on credit reports. But as more businesses, municipalities and utility companies extend credit to consumers those businesses can … [Read more...]
A study by the U.S. PIRG (United States Public Interest Research Group) found that one out of every four credit reports contained serious errors that could result in the denial of credit. In a credit driven society it is unwise for consumers to stay … [Read more...]
