The process to buy a credit score can be a little confusing. A credit score can be calculated by a number of different methods and can be offered by more than one company. An individuals credit score may be based on different credit score models using different credit reports. It certainly does sound like a complicated mess of information. Thankfully it appears more complicated than it really is. Consumers need a little advance knowledge to be aware of their credit score and credit … [Read more...]
Lexington Law Firm Credit Repair
November 13, 2010 By Leave a Comment
Lexington Law firm is a company that works with consumers to help improve their credit and subsequently improve their credit score. Lexington Law is essentially a credit repair company. Federal law gives all consumers the right to have inaccurate information in their credit reports corrected. Having inaccurate, negative information removed from your credit report is one of the fastest methods to increase your credit score. Lexington Law works as a facilitator to help remove bad credit … [Read more...]
Find Out Your Credit Score
October 5, 2010 By Leave a Comment
To find your credit score should be an easy task, unfortunately it’s not. Unlike credit reports, there is no universal resource that entitles consumers to a free copy of their credit score. Consumers are entitled to one free credit report within a 12 month period from each of the three credit bureaus but are not entitled to receive a free credit score. The FACT Act which is a revision made to the Fair Credit Reporting Act, allows consumers to get one free credit report from each of the … [Read more...]
Credit Check Agencies
September 25, 2010 By Leave a Comment
Credit check agencies are companies that collect and sell information about the credit history of an individual. The report that the credit reporting agencies produce regarding consumer credit histories are called a credit reports. A credit check agency is a term that covers a number of different types of credit reporting agencies. Credit check agencies are also known as consumer reporting agencies and credit bureaus. The credit check agencies or credit reporting agencies take in a … [Read more...]
Pay For Delete Letters to Remove Delinquent Accounts
June 11, 2010 By Leave a Comment
A pay for delete letter is a useful tool to try to eliminate a delinquent credit item from your credit report. A pay for delete letter is a means used to arrange for a settlement on a severely delinquent account in which the sender is requesting that the creditor remove the delinquent record in return for paying the account off. The payoff amount can be the full amount or an offer to settle for a lesser amount. The letter can be used in a variety of situations were the debtor wants to … [Read more...]
Credit and Credit Scores after Bankruptcy
March 16, 2010 By Leave a Comment
Filing bankruptcy is a series decision that impacts an individual’s credit and credit score for quite some time. Bankruptcy doesn’t have to shut off credit access altogether nor does filing bankruptcy have to be significant detriment for financial success. There are certainly numerous cases of individuals that have filed for bankruptcy and rebounded stronger and gone on to create significant wealth. A bankruptcy is always one of the biggest negative factors that impact a credit … [Read more...]
Fed Announces Rule Changes for Marketing Free Credit Reports
February 25, 2010 By Leave a Comment
The confusion over the marketing of free credit reports by companies that require a subscription to a credit monitoring service or other related products and services to receive the free credit report has resulted in intervention by the Federal Trade Commission. Numerous consumers have seen advertisements touting free credit reports. Most of these advertisements have small disclaimer that explain that there is a requirement that the consumer sign up for a credit monitoring service or … [Read more...]
No Credit or Credit Score Same as Bad Credit
February 6, 2010 By Leave a Comment
Good credit and a good credit score is an important facet of our lives whether it is used to buy a house, for employment screening, purchasing insurance or a whole host of other activities that often require a good credit history. For some consumers though, credit is a burden and they prefer to exercise their use of cash and avoid credit. Since there are so many actions that require a credit score such as renting a car, purchasing things over the phone or the Internet, and even writing a … [Read more...]
The Big 3 Credit Reporting Agencies
August 27, 2009 By Leave a Comment
A credit reporting agency is a repository of information that holds an individual’s credit or payment history. An individual’s credit report is created when a request for a report by a lender, credit card company or other authorized party requests it. Credit bureaus or credit reporting agencies hold the consumer's credit data in their databases. The data is always there but the credit report does not really exist until it is asked for. It is then compiled by the credit reporting … [Read more...]