Credit report 101

There are errors that can impact on your credit score without your having done anything at all and completely without your knowledge unless you check your credit report regularly....read more

The terms spelled out in the Universal Default Clause mean that if a consumer is even one day late on any payment to any creditor that consumer could see his or her interest rates spike to more than 29% on many additional bills....read more

A review of your personal credit report will NOT lower your credit score. It is considered a "soft pull" or "soft inquiry" of your credit history and might even appear on your credit report. Similarly, pre-approved credit applications or information verification checks are considered "soft pulls"...read more

Credit report errors are more common than many consumers realize. It is extremely important to monitor your credit reports and repair any mistakes as quickly as possible. Not doing so could result in a bad credit history and a loss of creditworthiness....read more

It is estimated that around 80 percent of credit reports contain some type of inaccuracy, ranging from the seemingly innocent to the extreme. While it is unlikely that you will be mistaken for someone who is deceased, any error on your credit report can be damaging and potentially deny you access to credit....read more

The process of loaning someone money is referred to as credit. This is a term used to indicate the borrowing or loaning of money to those consumers who cannot afford to make the purchase with cash....read more

Credit cards can be a great tool for those who pay off their balances in full each month. In many cases those cards sit in a drawer gathering dust after the initial freebies have been accumulated and used, and the credit lines they represent have gone largely untapped....read more

Did you know that something as simple as a mistake or a misspelling of your name on a credit application could cause big problems with your credit report?...read more

The importance of checking your credit report to make sure there are not any erroneous entries in it. Doing so will help you when you need to apply for a loan, know what you need to do to improve your credit score before you apply one, and even help ensure your identity has not been stolen....read more

Did you know that items like utility bills, cell phone bills and checking accounts are generally not reported to the credit bureaus until they have become delinquent? Many people are under the false impression that paying their monthly utility bills and cell phone bills on time every month will result in a higher credit score, but this is not the case....read more

It is up to your creditors to report any changes to the credit bureaus so they may update your report accordingly....read more

More companies are using credit reports to determine a potential employee's character and trustworthiness than ever before. One of the reasons is the ease of convenience for the employer. ...read more

Maintaining a good credit score is a difficult task for many consumers especially as the economy continues to circle the drain. What is the difference between hard and soft credit inquiries?...read more

Companies use credit reports to determine a potential employee's integrity, dependability and length of job history....read more

We have all heard the scary stories about identity theft, and many of us are wondering what we can do to protect ourselves from this growing threat....read more

Credit reports play a large part in the financial life of consumers. Once you have your credit report, what will you see?...read more

Many consumers are denied credit every year. Sometimes, it’s through no fault of their own that they are denied access to a credit card....read more

Until you have borrowed money and repaid it, lenders are very hesitant to loan money to you. Of course, you can't repay a loan until someone loans you money. Catch 22, right?...read more

Many consumers don't bother to think about their creditworthiness until they run into problems trying to obtain a mortgage or loan...read more