If you don’t understand the difference between a credit report and a credit score, you are not alone. While both are a measure of your financial well-being, your credit report is a history report of how you have handled your debts, both past and present, and your score assigns a number to that history.
Hacking, Identity Theft, Internet Fraud, Phishing Attacks, Malware are just a few ways our personal information can be compromised. Today it is as important to protect our private data as it is to protect our personal health. With so much of our information available at a click of a button, it can be seem overwhelming trying stay secure or as secure as possible.
One of the most common questions asked in credit repair is “How long will an item stay on my credit report?” Today we’ll walk through the major derogatory accounts found on credit reports and give you an understanding of how long each may report on our credit reports.FCRA Statute of Limitations:
All too often consumers ask about credit repair…is it worthwhile, what does it cost, should I sign up? Credit repair is a service provided by a company that helps consumers remove unwanted and inaccurate information from their credit file to help improve credit reports. Consumers can hire a company to clean their credit or just as easily can sign up to do the work themselves.
As a responsible consumer trying to build your credit, you apply for a credit card with a low finance rate and you plan to pay off the balance in full every month. After all, one of the first rules of thumb for building your credit is to have a positive credit history. The only problem is, you cannot seem to get approved for a credit card that is desirable. Let’s consider the reasons why.
When preparing yourself for a job interview, you need to do more than just freshen up on your interviewing skills. Most employers today want to do more than just speak with you in an interview or read your resume. They want to conduct a thorough background check and take a look into your credit report and history. Reviewing your report prior to the interview to make sure it is in tip top shape is the first way to secure the job but knowing your rights under the Fair Credit Reporting Act (“FCRA”) will ensure the employer does not violate your rights and take advantage of your naivete.
Employment background check cases are on the rise. The Fair Credit Reporting Act (“FCRA”) is doing its job and protecting consumers nationwide from the improper handling of consumer reports during the employment application process. Consumers should be aware of their rights and protect themselves from misconduct of employers.
When applying for a credit card it seems fairly obvious that you cannot get approved with a poor credit history. However, consumers with a good credit score are denied for a variety of other reasons. Here are seven of the top reasons credit card companies may deny your application.
You have the ability to Opt Out of the unsolicited credit card offers you receive in the mail or over the phone. If it seems like your mail box is over-flowing with offers of pre-approved credit, you probably resent the excess mail and worry about someone stealing the information. If you would like to put a stop to all the offers, keep reading.
As we have discussed before in a previous post about credit restoration,It considers both positive and negative information compiled on you and is the driving force behind what type of credit you are granted. Consumers nationwide have a hard time understanding the basic principles of a credit score and as a result believe the myths that are circulating. Below is a list of five common credit score myths with an explanation of the real facts to set you on the straight and narrow.
You would have probably heard the term “credit restoration” at least once in your life. And, if you are one of the millions of Americans with a bad/poor credit score, we are sure you must be wondering if credit restoration would work for you. Here are a few myths that are busted about credit restoration.
If you are looking for a perfect Credit Repair company to restore your credit, then you need to know about the company very well. Firstly, remember that the top Credit Repair Companies will act as your financial coach, rather just being your service provider. The Credit Repair Companies like us will set you up for success by thoroughly understanding the credit status and guiding you through the entire process. Following are the list of questions to ask your Credit Repair Company before hiring their services.
Most people have a gut feeling about their credit – it’s either great, good or bad. But what is a bad Credit Score really? what should your score look like in order to be "GOOD"? Baby Boomers Financial will help you answer this questions and much more.