To help fix your credit score or credit report, the process that often has the quickest and biggest impact is the credit report dispute. To dispute the information in your credit report you must send a dispute letter to each of the major credit reporting agencies. A dispute letter is a consumer’s means to challenge the accuracy or validity of information in their credit report. The value of the credit report dispute letter comes from the Fair Credit Reporting Act (FCRA). The FCRA … [Read more...]
Understanding Pay for Delete Letters
August 28, 2010 By Leave a Comment
Removing negative information from a credit report is the fastest method to increase an individual’s credit score. One of the procedures available for removing negative or derogatory records from a credit report is using what is referred to as a Pay for Delete Letter. The pay for delete letter name describes exactly what this document is. A pay for delete letter is sent to the creditor or collector agency asking that they remove the bad payment record from your credit report in return … [Read more...]
Handling Credit and Credit Score Problems
November 2, 2009 By Leave a Comment
Credit has become an almost indispensable tool in our society. Almost everyone uses some form of credit whether it is in the form of credit cards, car loans or mortgages. Credit allows us to purchase goods and services by paying for them later which can be very convenient to buy big ticket items or stretch our monthly budget. But credit can cause money problems if not managed wisely. Money problems are often the immediate result of too much debt with unmanageable monthly payments. … [Read more...]
How Your Credit History May Affect Your Auto Insurance Rates
September 24, 2009 By Leave a Comment
Auto insurance companies often consider your credit report when they are determining the proper rate to charge you for your auto insurance. If you are shopping around for auto insurance, be aware that potential insurers may be looking at your credit report. There is a statistical correlation between consumer's credit history and possible auto insurance claims. Insurers assume that customers with better credit records are also more likely to be good risks for auto insurance policies. Not … [Read more...]