JC asked:


I made some errors with my credit when I was younger. I have been doing great at keeping a good credit history now that I’m more mature and understand the importance of credit (last 3 years). However, my old mistakes are still hunting me. I read somewhere that it can take 7 to 10 years for a bad entry in your credit report to be dropped. Is there a way I can remove those sooner?

Earl

shOegaL asked:


I have only had one collection and it was removed from my credit report. I have 13 other accounts in good standing. My credit history is about 2 years because I am young. I don’t have any high balances except for my car…9,500 out of the 13,500 originally. What will be the impact on my credit score with the removal of this collection alone? Thanks!
Hi everyone! I know that my credit score will go up because of this but I need to know how much, the actual amount or an educated guess! Thank you!

Ruben

brittanyrdh asked:


I do pay nearly $15 a month to have my credit monitored and my credit history readibly available for me on freecredithostory.com but I was wondering, if I go online and check my hostory once a month or so, will that worsen my credit?

Charlene

Sophie Wilson asked:


Annual credit report offers the information about the credit history, payments made, credit worthiness and personal information. This report as the name suggests are an account for the above mentioned things for one complete financial year.

Credit is an important set of information to carry out financial transactions at every level in the market. Most of the capital invested in a business comes from credit. The credit lenders provide all the information of a borrower including the credit details to the credit bureaus which keep the track of all the transactions made. These agencies govern and formulate the reports for credit exchanges and fall under the federal law. These agencies are Equifax, Experian and TransUnion. Annual credit report is very important tool since it can be used as a reminder for your due credit payments. It is also source that can get you another credit, or loan or even job if it is a clear report.

On the basis of annual credit report the credit bureaus assign a credit score which helps getting further credits and even mark the market value of a person. A person should access this report because it can help in avoiding the inaccuracies in the account details and even can help reducing the threats like personal identification thefts. The annual credit reports are available online also and can be accessible easily from a number of sites that provide this facility free of cost.

Annual credit report can be a proficient tool for keeping a check on the credit payments. This tool can help us in getting further credit and loans. Annual credit report and credit score provide us a ground that marks our market credibility. By regularly checking this report one can avoid any legal action that can be taken against him. By checking this report you can protect your self to be highlighted under the defaulter category incase of non payments. It is an important tool which is available to you at just a mouse click. And it can help you in getting the upcoming opportunities.



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Isabel asked:


As of Jan 1, 2004 according to FCRA Act, all credit bureaus will be required to give out one free copy of credit report per year. However they are not required to give you a free copy more than one time in a year.

A free copy of credit report will help protect you and your family from any financial crisis. If you haven’t recently seen a copy of your credit report, it would be advisable you obtain a copy of your credit report as quickly as possible. It is always recommended to check your credit report at least once in six months. Now days in just a few clicks you can have access to your credit report online. Getting a free copy of your credit report has no obligations and is absolutely risk free.

You are entitled for a free copy of credit report if

• You are entitled for a free copy of credit report if you have been denied credit

• You are unemployed and intend to apply for employment within 60 days.

• If you are a public welfare assistance

• If you report has been revised

• If you credit report contains inaccurate information due to fraud or theft

To obtain a copy of your credit report you need to provide the following information in writing

• Your personal information including you name, address, date of birth, telephone number and so on.

• You also need to submit your previous residential address if any especially if you need to obtain your five year credit history

• You also need to submit your social security number

• You also need to provide a signature at the end

Safeguard your credit (Tip that can help)

Shred any documents that show your credit information, social security number or driver’s license number before throwing them away.

Isabella Rodrigues writes for credit-free-score.net,

offering the latest information on credit score, visit them today for more infromation

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Kansieo.com

twofour99 asked:


I lived in these apartments back in 2002 and I lost my job and I got behind on my rent. We were scheduled to go to court for my eviction but on the day of hearing I paid my rent and all late charges. I even lived in the apartment for another 8 months. I got a copy of my credit report the other day and it says that I owe the apartment company $242 and it shows up as a public record debt in my credit history. How can I get that removed? Help!!!

Kansieo.com

Kathleen Chester asked:


 

Fixing a credit report can be a slow and tedious process. It includes hours of assessment and thinking. However there are some companies that claim to quickly fix your credit report and make you financially credible. These services are usually offered by the independent credit reporting agencies and are used by mortgage lenders or brokers who try to get better loan terms for their borrowers.

 

Bad credit scores can hamper your credibility and chances of getting a credit. In such a case, you need to fix your credit report. A credit report can be fixed by removing errors. This process can help to boost a borrower’s credit score in the midst of the lending process and get a loan or a better interest rate for them than might have been possible otherwise.

 

Unlike the past when most of the lending decisions were man-made, most of the decisions today are automated, using computers and credit scores. This system has dramatically declined the opportunities to get special treatment and errors are a more serious problem these days.

 

If by the mistake of the machine, someone else’s bankruptcy is reported in your credit file, you can lose hundreds of points off your credit score and your credit application likely would be rejected. Even the slightest errors can beat enough points off your score for the lender to turn you down your application or charge a higher interest rate.

 

You can however wait for the mistake to be fixed through the normal channels which involves writing the credit bureau and waiting up to 30 days for an investigation. This process is however very long and takes too much of time. The home sales and refinancing can fall through in the time it takes to fix problems.

 

You can fix your own credit report and make the repairs. Here are some of the important steps that you can follow while fixing your own credit report.

 

· Make regular reviews of your credit report to keep an eye on any errors flowing in. You can get a copy of your credit history from each of the three major bureaus and review for errors, outdated information and accounts that aren’t yours. In case of any problems, you can consult the bureaus about how to dispute these items.

 

· You can contact your creditors if the bureaus say the creditors have confirmed the information you think is incorrect. In that case you may need to directly argue your case with the creditors. If the creditor accepts his mistake and agrees to remove the item from your credit report then make sure you get a acknowledgement letter for the same from the creditor.

 

· Keep a good record pf all thee paperwork that is generated by these disputes and investigations. You may need to present this to the credit bureau, or your loan officer, when required.



credit report

Ronnica Rothe asked:


If you don’t know what is on your credit report or what your credit score is, you may want to review your credit report.  This is especially important if you want to make a large purchase or apply for a new credit card in the near future, but reviewing your credit report on a semi-regular basis will keep you aware of your credit history and let you know if you have become a victim of identity theft.  Credit score information can also help you understand what your credit score and report means.

 

If you have obtained a free copy of your credit report, you may find it difficult or confusing.  They most certainly aren’t the most user-friendly documents.  If you have any questions about what your report is actually saying about your credit history, you will want to talk to an accredited financial counselor.  The counselor will be able to review the credit report with you and show you simple steps that you may be able to take to improve your credit history in the next 6 months to a year.  While credit repair companies can claim to increase your score dramatically and fast, the truth is that real credit repair takes time, and unless there is something fraudulent on your report, there is little you can do to change what is already there.

 

A credit counselor may also be able to show you your credit score or at least the likely credit score based on your information.  If there is any fraudulent information, they can help you understand how you can dispute the claims and fix your credit.

 

Reviewing your credit report regularly is one of the best ways to know that you are financially stable and ready to make the next steps toward your financial goals.



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Sophie Wilson asked:


Until and unless the need arise, most of the people do not particularly prefer to keep a track on their financial dealings. Having knowledge about the credit scenario is very much important as it enables the person to know about his/her financial standing. Besides, it is on the basis of these details that creditors approve any sort of financial assistance. So, it becomes extremely important to have a detailed report and in this regard, annual credit report can be of great assistance.

Credit report contains the information pertaining to credit history, payments made along with credit worthiness and personal information of a particular person for one complete financial year. In accordance with the federal laws, these credit agencies devise and manage the reports for credit up keeping. You can access the credit report from any of the 3 credit agencies, which are Transunion, Equifax and Experian.

The annual credit report from these agencies will offer almost the same information, but the way of presenting the information varies. This implies that there are chances of missing some details about your credit standing. Instead, you must take the precaution and collect credit report from each of these agencies. It may be that some lenders or individuals may provide some misleading information, which may very well affect your opportunities in the financial market. This is why, it is very much important to consult a credit report, so as to check out if there are any errors or wrong information documented on your credit report and get it corrected.

With the inception of online mode, getting an annual credit report has become a lot simpler and easier. In fact, one can use the services to access the report at any point of time and that from any place. However, before availing the services, it must be verified whether the service provider is a reputed one or not. Moreover, you should read the terms and conditions carefully, so as to avoid any future hassles. By doing so, you can very well access the report without any hurdles.



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Carrie Reeder asked:


Each consumer with credit history should obtain a copy of their report annually. The cost of credit reports vary. If obtaining a copy from the credit bureaus, consumers may pay $15 per bureau. However, some online credit agencies advertise low cost credit reports. Rather than paying for a credit report, consider obtaining a free report.

Who Qualifies for a Free Credit Report?

By law, each consumer is entitled to one free credit report each year. Although reports are free, consumer may have to pay a few bucks to view their credit score. Despite this incentive to encourage credit report monitoring, many people neglect to review the contents of their report. This results in millions becoming victims of identity theft each year. Free credit reports are available online, and viewable for up to 30 days. However, other factors may also qualify you for a free credit report.

Credit Report Inaccuracies

If you believe that your credit report contains errors or mistakes, you are a good candidate for a free credit report from each of the three bureaus. The majority of people only review their report from one bureau. However, if the contents on the Experian report are inaccurate, it’s worth obtaining copies of the other three reports to ensure that the same mistake has not occurred twice.

Denied Credit, Employment, or Insurance

Although credit history has nothing to do with your ability to function well on the job or drive a car, many employers, and insurance agencies have begun checking credit reports. In some instance, a negative credit rating may prevent you from obtaining employment, or result in higher car insurance premiums. Individuals who have been denied a line of credit, employment, or insurance because of their credit will qualify for a free report.

Experience a Credit Limit Reduction or Interest Rate Increase

Unfortunately, creditors have the right to reduce credit limits and increase rates at their leisure. If you habitually make late payments or exceed your credit limit, a change in credit card limits and rates should be expected. However, if changes occur for no apparent reason, it helps to obtain a free copy of your report and ensure that all information is accurate.



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