Archive for August 2009

Your Credit Report : 5 Myths Busted

cynthiastewart asked: The credit report in United States is a document prepared by each of the three main credit reporting agencies Equifax, Experian and TransUnion. This report is absolutely essential to get any kind of loan from banks and other agencies. The credit report determines your credit score which is an indication of your financial [...]

Annual Credit Report: Tracking Finances With Ease

James Peter asked: Are you the kind who hardly bothers to check financial records until a die-hard situation arises? Did you know that the creditors can have access to your financial dealings and credit scenario before extending terms of funds to you? If you weren’t aware of it earlier, then its time now to awaken [...]

Is it worth it to pay off my CREDIT CARD DEBT?

Jon Dough asked: My score is around 500 for all three credit bureaus. But most of the accounts will be removed from my credit report by 2013. I checked with this DMP to help me and the amount was about $150 per month, for 3 1/2 years. If you do the math, I’ll be debt [...]

Closed credit card – derogatory marks affecting credit score/future credit?

Doug asked: I was in a debt management program for several years. However, the company’s owners skipped town and thus payments were not made to creditors on time, etc…One Chase card reported three consecutive late payments in a row on my account and now this is having a HORRIBLE affect on my credit report. I’ve [...]

Credit Report – The Fast and Legal Way to Fix Yours

John Mcfadden asked: If you’ve had a crack at attempting to fix your credit score then you might have given up as you no doubt found it trying at the least. Those of you that have not tried will be happy to find out that there are a lot of easy things you can do [...]