Credit|stellercredit.com
May
31
Filed Under (Credit) by credit
amhjp1820 asked:
Ok, past credit messed me up. I have a judgement thats almost paid off. I am trying to raise my credit score.I have 3 new accounts that I’ve paid on time for over 1 year. I read that one way to raise your score is to ” piggy back” on a relatives good credit ( have them add me to one of their good accounts and not use it) Is this safe, is it legal. I would love to hear constructive ways to increase my credit score. Please don’t judge me. Almost all of my ” bad” credit accounts have been paid off. I put my sons first when the divorce came. They lived in the house that I paid for while I lived in a basement.
ISIAH
Ok, past credit messed me up. I have a judgement thats almost paid off. I am trying to raise my credit score.I have 3 new accounts that I’ve paid on time for over 1 year. I read that one way to raise your score is to ” piggy back” on a relatives good credit ( have them add me to one of their good accounts and not use it) Is this safe, is it legal. I would love to hear constructive ways to increase my credit score. Please don’t judge me. Almost all of my ” bad” credit accounts have been paid off. I put my sons first when the divorce came. They lived in the house that I paid for while I lived in a basement.
ISIAH
May
14
Filed Under (Credit) by credit
S. Michael Windsor asked:
Correcting Errors on Your Credit Report
So what do you do if you receive your credit report and there are negative marks on it that you never even had any part in? This very situation has occurred for many individuals already and may very well occur again on someone’s credit report in the near future. If this ever happens to you, what are you supposed to do about it? The road is never easy in this case, but there are indeed ways to correct any errors on your credit report.
If you discover an error on your credit report, the very first thing you should do is contact your consumer credit reporting company that issued your report in writing. Yes, the FTC recommends a written statement be sent to the reporting company. In the letter you should include copies of all the relevant documents required as evidence that it is indeed an error. In addition, the required elements such as your name, address, an explanation of the erroneous situation at hand and why you are disputing the error with all errors that are being disputed circled on the copy of the credit report. Also in the letter, the suggested correction, such as a request to delete the item completely, should also be stated in the letter.
When delivering the letter off to your reporting company, remember to send it via certified mail in order to make sure that you get confirmation that they had indeed received it in the case there is a dispute in regards to someone not even getting the letter. In addition to a certified letter, make sure you make copies of the letter(s) as well in order to keep record on file in the case that there may be a dispute on their end.
After the reporting company receives your dispute letter, they will begin their investigation on the matter, that is, if they deem the dispute as not being frivolous. They will normally begin their investigation within 30 days of receiving your letter. During the investigation, the reporting company will forward all documents and disputes to the organization(s) in question in order for the disputed organization to do their own investigation of why they placed that item on your credit report. Once they complete their investigation, they must then send back their statement on whether it is truly an error or not and support that statement with further evidence of their own.
In the case that the information is indeed inaccurate, then the organization at fault must inform all credit reporting companies of their error and have it corrected. Once this is complete, the credit reporting company will send you a new, updated credit report after the inaccuracy has been corrected.
Now, if your item in question is indeed correct and the organization has the evidence to back it up, then you will also receive a written statement in regards to this issue and you will have an option, for a slight fee, to place a note in your credit report in regards to your dispute about the item. This statement will be provided to all who see your credit report in the future as well as those who already received your credit report.
LOREN
Correcting Errors on Your Credit Report
So what do you do if you receive your credit report and there are negative marks on it that you never even had any part in? This very situation has occurred for many individuals already and may very well occur again on someone’s credit report in the near future. If this ever happens to you, what are you supposed to do about it? The road is never easy in this case, but there are indeed ways to correct any errors on your credit report.
If you discover an error on your credit report, the very first thing you should do is contact your consumer credit reporting company that issued your report in writing. Yes, the FTC recommends a written statement be sent to the reporting company. In the letter you should include copies of all the relevant documents required as evidence that it is indeed an error. In addition, the required elements such as your name, address, an explanation of the erroneous situation at hand and why you are disputing the error with all errors that are being disputed circled on the copy of the credit report. Also in the letter, the suggested correction, such as a request to delete the item completely, should also be stated in the letter.
When delivering the letter off to your reporting company, remember to send it via certified mail in order to make sure that you get confirmation that they had indeed received it in the case there is a dispute in regards to someone not even getting the letter. In addition to a certified letter, make sure you make copies of the letter(s) as well in order to keep record on file in the case that there may be a dispute on their end.
After the reporting company receives your dispute letter, they will begin their investigation on the matter, that is, if they deem the dispute as not being frivolous. They will normally begin their investigation within 30 days of receiving your letter. During the investigation, the reporting company will forward all documents and disputes to the organization(s) in question in order for the disputed organization to do their own investigation of why they placed that item on your credit report. Once they complete their investigation, they must then send back their statement on whether it is truly an error or not and support that statement with further evidence of their own.
In the case that the information is indeed inaccurate, then the organization at fault must inform all credit reporting companies of their error and have it corrected. Once this is complete, the credit reporting company will send you a new, updated credit report after the inaccuracy has been corrected.
Now, if your item in question is indeed correct and the organization has the evidence to back it up, then you will also receive a written statement in regards to this issue and you will have an option, for a slight fee, to place a note in your credit report in regards to your dispute about the item. This statement will be provided to all who see your credit report in the future as well as those who already received your credit report.
LOREN
May
02
Filed Under (Finance) by credit
David Faulkner asked:
What role does your credit report play in your life? In case you apply for some sort of a loan, how do you think the lender would judge you? The lender simply checks your credit report which reflects all your credit history along with your credit score. Things do not just end there. The rate of interest decided by the lender on which he will lend you money is also decided on the basis of your previous transactions that reflect in your credit report. Having a bad credit report and credit score can be a sure shot reason for ant one not to trust you for further dealings.
Importance of credit report:
You must always keep a close watch on your credit report keeping in view the effect it has on your life. A person with bad credit report may possibly bear the expenses of not maintaining it and on the other hand, a person who has well maintained it can get much more credit than he otherwise can. A good credit report clearly puts up a faith in your credibility.
The credit report must be checked thoroughly. One should not just rely on one of the bureaus and get regular statements from all the three agencies Equifax, Experian and TransUnion. In case you find anything that is not clear to you, you must report it back and case the problem still persists, you must dispute on it.
What exactly a credit report contains. Basically it contains the complete records about all the transaction being made by you, either it is some expenditure done by you or some payment delivered by you to the concerned agency along with your full identity including your name, personal address, employment status and your social security number. It clearly shows your credit applications. Loans sanctioned to you, loans you asked for but not given to you, credit you still have to pay and also the available amount of money you are still offered by the bureau. It show’s the description of monthly payments that you have to make. All payments made by you, pending towards you and once which you were unable to pay. Last dates of payments along with previous late fees and interests if any are also mentioned.
Taking advantage of the free online credit report annually helps you track your history and make necessary inquires if you find mistakes. This step is important for everyone, even if you have excellent credit or poor credit. You need to know what the credit report says about your credit history. Because lenders use your credit reports and credit score to see if you are credit worthy and what amount of money you may borrow along with your interest rate, you need to keep a close on your credit history.
Once you receive your free online credit report from Annual Credit Report, a highly recognized agency, you can look over the three different credit-reporting agencies and check for errors and wrong information. For instance, if you are divorced and it has you still married, you can summit a letter to them with a copy of your divorce decree so they can correct your credit history. The idea is to have all the information accurate when a lender views your credit history.
NESTOR
What role does your credit report play in your life? In case you apply for some sort of a loan, how do you think the lender would judge you? The lender simply checks your credit report which reflects all your credit history along with your credit score. Things do not just end there. The rate of interest decided by the lender on which he will lend you money is also decided on the basis of your previous transactions that reflect in your credit report. Having a bad credit report and credit score can be a sure shot reason for ant one not to trust you for further dealings.
Importance of credit report:
You must always keep a close watch on your credit report keeping in view the effect it has on your life. A person with bad credit report may possibly bear the expenses of not maintaining it and on the other hand, a person who has well maintained it can get much more credit than he otherwise can. A good credit report clearly puts up a faith in your credibility.
The credit report must be checked thoroughly. One should not just rely on one of the bureaus and get regular statements from all the three agencies Equifax, Experian and TransUnion. In case you find anything that is not clear to you, you must report it back and case the problem still persists, you must dispute on it.
What exactly a credit report contains. Basically it contains the complete records about all the transaction being made by you, either it is some expenditure done by you or some payment delivered by you to the concerned agency along with your full identity including your name, personal address, employment status and your social security number. It clearly shows your credit applications. Loans sanctioned to you, loans you asked for but not given to you, credit you still have to pay and also the available amount of money you are still offered by the bureau. It show’s the description of monthly payments that you have to make. All payments made by you, pending towards you and once which you were unable to pay. Last dates of payments along with previous late fees and interests if any are also mentioned.
Taking advantage of the free online credit report annually helps you track your history and make necessary inquires if you find mistakes. This step is important for everyone, even if you have excellent credit or poor credit. You need to know what the credit report says about your credit history. Because lenders use your credit reports and credit score to see if you are credit worthy and what amount of money you may borrow along with your interest rate, you need to keep a close on your credit history.
Once you receive your free online credit report from Annual Credit Report, a highly recognized agency, you can look over the three different credit-reporting agencies and check for errors and wrong information. For instance, if you are divorced and it has you still married, you can summit a letter to them with a copy of your divorce decree so they can correct your credit history. The idea is to have all the information accurate when a lender views your credit history.
NESTOR
May
01
Filed Under (Finance) by credit
Lisa Nichols asked:
Your credit report and your credit score are used by a variety of businesses to help them learn more about you. Anyone with a business need and your permission is allowed to see your credit report or credit score. In some cases, your permission isn’t even needed for someone to view your credit history.
When Your Permission Isn’t Needed to View Your Credit Report
Lenders and credit card companies partner with the credit bureaus to be able to send customers promotional offers. These companies don’t need your permission to view your credit report. You’ve already provided them with tacit permission to review your credit history by not submitting a request to be taken off their mailing lists. This request form is available from each of the three credit bureaus.
Prospective Landlords Can See Your Credit Report
Landlords are allowed to run credit reports and background checks on prospective tenants. Landlords use this information to decide if they want to rent to applicants. If a credit report has issues or problems, a landlord may still choose to rent to the applicant, but he or she is legally allowed to charge an additional fee or increased security deposit.
Hiring Companies and Insurance Companies Can See Credit Reports and Scores
Hiring companies and insurance companies can see your credit score or credit report. Hiring companies use the information contained in a credit report to get a big picture view of prospective employees. Insurance companies use information they see on a credit score or credit report to help determine rates and eligibility for insurance. Both types of businesses must request permission in writing before reviewing a credit report; this is usually part of a job application or an application for insurance.
Lenders and Creditors Can Review Credit Scores
Lenders and credit card companies can review credit scores and credit reports to determine credit worthiness when you’ve applied for a loan or a credit card. In addition, if you have open loans or credit card accounts, those lenders and creditors can also review your credit to monitor changes.
Experian Triple Advantage Allows You to Review Credit Report
See what others are seeing when they review your credit report with Experian Triple Advantage. Order a copy of your credit report and credit score online. Then, use customized tips provided by Experian Triple Advantage to improve your credit score.
JC
Your credit report and your credit score are used by a variety of businesses to help them learn more about you. Anyone with a business need and your permission is allowed to see your credit report or credit score. In some cases, your permission isn’t even needed for someone to view your credit history.
When Your Permission Isn’t Needed to View Your Credit Report
Lenders and credit card companies partner with the credit bureaus to be able to send customers promotional offers. These companies don’t need your permission to view your credit report. You’ve already provided them with tacit permission to review your credit history by not submitting a request to be taken off their mailing lists. This request form is available from each of the three credit bureaus.
Prospective Landlords Can See Your Credit Report
Landlords are allowed to run credit reports and background checks on prospective tenants. Landlords use this information to decide if they want to rent to applicants. If a credit report has issues or problems, a landlord may still choose to rent to the applicant, but he or she is legally allowed to charge an additional fee or increased security deposit.
Hiring Companies and Insurance Companies Can See Credit Reports and Scores
Hiring companies and insurance companies can see your credit score or credit report. Hiring companies use the information contained in a credit report to get a big picture view of prospective employees. Insurance companies use information they see on a credit score or credit report to help determine rates and eligibility for insurance. Both types of businesses must request permission in writing before reviewing a credit report; this is usually part of a job application or an application for insurance.
Lenders and Creditors Can Review Credit Scores
Lenders and credit card companies can review credit scores and credit reports to determine credit worthiness when you’ve applied for a loan or a credit card. In addition, if you have open loans or credit card accounts, those lenders and creditors can also review your credit to monitor changes.
Experian Triple Advantage Allows You to Review Credit Report
See what others are seeing when they review your credit report with Experian Triple Advantage. Order a copy of your credit report and credit score online. Then, use customized tips provided by Experian Triple Advantage to improve your credit score.
JC
