Credit Report Inquiries - Will They Hurt Your Credit Score?
Sunday, March 16th, 2008For every good credit behavior, points will be added to your credit score. You should make sure that your credit score is high as it establishes your financial credibility.
However, even if you have no late payments or delinquencies in your credit report, you might have a couple of credit inquiries in your report especially during the time you were considering a loan. Will these credit inquiries affect your credit score in the long run?
Credit Repair - Quick Identity Theft Solution
Thursday, February 21st, 2008An Unpleasant Possibility
Are there entries on your credit report that do not belong to you? These may be the result of a file merger error on the part of the credit bureaus. Or they may be the result of a more nefarious case of identity theft. The Fair Credit Reporting Act (FCRA) gives you very specific and powerful tools to correct cases of identity theft and to quickly block the erroneous information from appearing on your credit report and impacting your credit scores.
Section 611
Credit Repair - Collection Solutions
Thursday, February 7th, 2008Fair Debt Collection Practices Act (FDCPA)
The FDCPA is the consumer protection act designed to prohibit abusive practices by debt collectors. The FDCPA specifically defines a collector as any person that collects debts owed to others, and may include attorneys that collect debts on a regular basis. Note that the language indicates “debts owed to others”, and therefore excludes original creditors from its scope.
Getting Started
When a debt collector initiates a collection effort they must send you a written notice indicating:
Credit Report Inquiries - Will They Hurt Your Credit Score?
Wednesday, February 6th, 2008For every good credit behavior, points will be added to your credit score. You should make sure that your credit score is high as it establishes your financial credibility.
However, even if you have no late payments or delinquencies in your credit report, you might have a couple of credit inquiries in your report especially during the time you were considering a loan. Will these credit inquiries affect your credit score in the long run?