Credit Reports

When trying to repair credit and get on top of financial trouble, many credit card owners consider canceling their credit cards. This may not be a wise decision and could actually lower a credit score. Before taking the scissors to the credit cards, sit down and do a little research on the truth about the effects of canceling credit cards. Also evaluate your individual situation. The reasons to keep credit cards open: * Available credit is a factor when your credit score is calculated. ... Read More

You did it…after months of hard work your debt is PAID OFF! You just finished splurging with some of the money that had been going to paying off debt, ate out for change, done cleaning up after your celebration party, and the fireworks put away. You nearly skipped on the way to the bank to apply for a loan. You are get a credit check to pre-qualify for a loan and are shocked…your credit score is ... Read More

Just about everyone knows that a good credit score is imperative for anyone hoping to buy a home or make any other large purchase that may require financing. It can also heavily impact the terms and interest rate of a potential loan, which in the long term can mean the difference saving or spending thousands of dollars. But how exactly is a credit score calculated? A credit score is basically a value that is assigned to several different criteria that are taken into ... Read More

Many banks and lenders will tell you that rebuilding your credit is next to impossible and that the chances of recovering from bad credit get lower the lower your score is. The good news is this: rebuilding your credit is not only possible, it's almost easy. All it takes is time, diligence and responsibility. Isn't My Credit Record Permanent? Hardly! Your credit history only goes back seven years (check your state's laws for credit reporting as some states have shorter and some have longer ... Read More

There are numerous situations in which you would need to fix your credit report. If there is an error at the reporting institution regarding payments you may need to fix a negative mark on your credit. This could happen by the financial institution hastily reporting non-payments, and accidentally including your account. If you should find something like this when checking your credit report, it is best to solve this with the reporting institution as opposed to going through the credit reporting agencies. ... Read More