christine s asked:


Does the creditor who was awarded the judgment put it on a persons credit report or does the court put it on the persons credit report when its granted.

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horsegal08 asked:


My daughter is turning 17 in May and she has been interested in building a good credit file. She already has a checking account with my wife’s cosign and a debit card. How can I help her establish a credit report and how can we check her credit report? I have tried it online at experian and transunion and equifax, but it says you have to be 18 or older to do it. it is recommended to check your child’s credit report to verify there isn’t any identity problems. but how can I do that if you have to be 18 or older to check it out? please help me, she is very responsible and is a total adult. she actually tries to help me with my finances! how can i help her with her credit? she has tried to apply for build-credit credit cards, but again you have to be 18 or older. HELP!

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Nick P asked:


A company put on my credit report that I didn’t pay a bill; however, I did pay it. I called the company and they told me they would have it removed off my credit report within thrity days. Well, thirty days goes by and it still wasn’t removed. I called transunion and disputed the information, and gave them the name of the person who told me that they would remove it off my report. About a month later I got an updated credit report, but instead of it being deleted they only updated it as paid. I called the company back up and spoke to the same manager I did before. She told me that she would write them a letter to have it removed. Thrity days later it is still on there. I dispute it again and all I get is a letter saying that it has been verified, and it is not only on transunion, but equifax as well.

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La Sona J asked:


I have 2 judgements on my credit report that aren’t true. I am trying to clean up my credit without paying someone $700.00. Please help if you know anything about getting inquiries and other old accounts, and accounts that doesn’t belong to me.

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Amber B asked:


I don’t want to join a credit repair or watch service - I just want to get a free credit report from the credit reporting agencies. I understand one is entitled to get one free for their own use.

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lisa_love asked:


They were discussing this on the radio this morning. A woman saw a copy of her credit report sitting by her boyfriends computer. He had done one of those free credit reports online. I’m not sure on the details, like how long they were dating or if they were planning on buying something anytime soon. But, what do you think? Would you be pissed? The caller was not sure how she should handle it. I’m not sure what I would do either.

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Terry Parker asked:


Everyone knows that when you shop for a car, house, or anything else you plan on purchasing using credit, the terms and rates will be dependent on your credit rating. Therefore, many consumers will pull a personal credit report to use when shopping around to see what type of deal a merchant, creditor or lender may be able to give them.

Many consumers like to use a personal credit report when shopping for two reasons. One reason is that consumers know that inquiries into their credit history can lower their credit score. So it is very beneficial to keep credit inquiries to a minimum. Also the consumer may have to pay a credit report fee to the lender or creditor when they pull a credit report.

But consumers often wonder why a creditor will not accept a recent credit report especially when it was recently obtained. Consumers will find out that a creditor or lender may use the recent consumer report at first just to give an estimate of what terms and rates may be available but before an actual sale or transaction can occur the creditor or lender will need to pull another report. There are several reasons why another report will be needed.

A creditor or lender must always take action to protect itself and its investors by performing the proper due diligence on each deal and this includes pulling all consumers credit reports directly. With technology today it would be very easy for someone to fabricate a consumer credit report. This could even be as easy as electronically cutting and pasting a name on the credit report of another person. A creditor or lender must take precaution and pull a credit report directly to protect everyone. This adds an extra layer of protection for everyone. Identity theft is on the rise and the FBI has declared it a national epidemic.

Another reason is because the report that a lender or creditor may receive is very different from the consumer report. A basic consumer report is what an individual gets when they order their own credit history. This report can be obtained from a local credit bureau or from one of the big three: Experian, Equifax, or Transunion. The costs for these typically range from $8 to $15. Typical consumer reports contain basic personal information, some employment history, different credit accounts, some credit history and may include a credit score.

A merchant on the other hand will pull a full merchant report that will contain more information than a basic consumer report and will provide it with more detailed breakdowns. The merchant report will also show a complete FICO scoring system rating for the applicant which will include a full detailed credit history breakdown. In essence the lender or creditor has a full merchant scored report which is much more accurate than a regular consumer report. So a personal consumer report may be used to shop around to learn what may be available. But if you are serious about a purchase and want to see exactly what terms and rates you can get be prepared to have a full merchant report pulled. The good news is that you may be able to get a better deal than you thought was possible based on your consumer report.



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