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...]
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...]
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...]
TrueCredit.com Credit Report Monitoring Service Product Review
January 15, 2010 By Leave a Comment
TrueCredit.com is a credit monitoring service provided by TrueCredit which is owned by one of the big three credit reporting agencies, TransUnion. Credit report monitoring services monitor your credit report for any changes and notify you whenever certain change occur. Monitoring your credit allows a consumer to look for errors that may appear on their report, as well as unauthorized changes that may indicate fraud. TrueCredit.com and some of the other credit monitoring services also … [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...]