credit report: What Does Your Lender See When He Looks At Your Credit Report? - 02/20/12 02:59 PM
There can be many reasons why you do not have a high credit score. You could be young, and have never been financially independent until now. Or you may have a thin credit file or a short credit history. Whatever the reason, it is important to boost your credit score because it will lead to financial freedom and opportunity.
The Equifax Finance Blog written by credit expert Diane Moogalian offers lots of advice on building a strong credit report.
A smart first step is to understand the components of your credit file. There are 4 things that are universal in … (0 comments)
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credit report: 10 Ways to Improve Your Credit Score - 02/13/12 04:42 PM
Improving your credit score is an essential way to gain greater financial options and more favorable credit offers from lenders. However, achieving a high credit score is not an instant fix, but that does not mean that you cannot take steps to gradually improve it.
Today’s Equifax Finance Blog written by Equifax Experts gives a “Top Ten” list of strategies to improve your credit score.
Tip 5: Know your FICO credit score. You are allowed one free credit report per year from one of the three major credit bureaus, so inform yourself about what these numbers mean.
Tip 4: Check … (0 comments)
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credit report: Credit Reports and Identity Theft: When to Lock - 02/07/12 12:35 PM
As technology becomes more accessible, so does our personal information. How can you avoid identity theft? On today's Equifax finance blog, a post gives you another option for limiting access to your personal records. Unlike security freezes and fraud alerts, you can limit who views your credit report by putting a lock on it.
A security lock can be valuable because you can keep it in place or lift it at will. Naturally if you need someone to view it for applying for a loan, refinancing your mortgage, setting up new utility accounts and opening a new credit card, you … (2 comments)
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credit report: 3 Steps To Taking Control Of Your Credit Report - 04/11/11 11:54 AM
More people than ever are seeking credit counseling, according to Mechel Glass, director of education for CredAbility. These people also tend to have better credit scores than just a few years ago. In 2009, the average homeowner seeking foreclosure prevention counseling had an average score of 565, but the number rose to 572 last year.
According to Glass, homeowners seeking to avoid foreclosure have an average income over $50,000. This reflects who credit counselors are seeing more and more frequently: people with greater incomes and assets. While no one can magically bump up your credit score, you can take control of your credit … (4 comments)
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credit report: Why Are Your Credit Scores Different? - 01/03/11 12:34 PM
Your credit score is one of the most important numbers in your financial life. But did you know that your credit score can vary on a daily basis? If you pulled your credit report from more than one agency, you may not see the same score. Before you start to worry, check to make sure that your personal information is accurate, and then rest assured that there are a number of factors that could cause the difference in scores. The credit team at Equifax has put together a great explanation of why your score could look different on multiple reports. Depending on what … (4 comments)
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credit report: How To Dispute Personal Information on a Credit Report - 12/02/10 09:14 AM
Your credit report is one of the first things lenders, landlords, insurance companies, and even employers, can look at to learn about your financial history. What if it contains errors? A man named Michael wrote to the Equifax personal finance blog with a rather unique situation: "My ex-wives have very similar names (like Cristina & Tina) and they have the exact same last and middle names. Their credit reports got combined somehow. One of them thinks I did it. Not only did I not do it, I couldn't even if I wanted to. How/where do I get info to prove no one can … (2 comments)
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credit report: Security Freezes, Credit, Identity Theft, and Fraud - 08/30/10 04:49 PM
FAQ: What is a security freeze? A security freeze prevents your credit report from being shared with most third parties. It can be a helpful tool to fight identity theft and fraud, because it prevents access to your credit.You have the right to place a security freeze on your Equifax credit file under state law or the Equifax voluntary security freeze program. Only you can request that a security freeze be placed on your Equifax credit file, and only you can request that it be removed or temporarily lifted. A security freeze will remain on your Equifax credit file until you … (0 comments)
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credit report: How is Information Updated on My Credit Report? - 08/09/10 01:30 PM
Equifax expert Robin Holland explains where the information in your credit report comes from and why it can change.
Ever wonder how the information about your identity and financial history ends up on your credit report? It can be an incredibly detailed report-where does all that information come from?
The credit-reporting agencies aren't watching over your shoulder, having a private eye get the dirt on you, or paying anyone for your records.
Your credit report contains information from the companies that have granted you credit in the past and those with whom you have open accounts. Credit-reporting agencies get their … (0 comments)
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credit report: How Do I Opt Out of Credit Offers? - 07/19/10 11:37 AM
Here's today's helpful credit advice from Equifax Expert Diane Moogalian of the Equifax Personal Finance Blog:
I hear from people all the time who are concerned about the preapproved credit offers they get in the mail. They want to know who is looking at their credit and how companies are accessing their information. They're worried about mail fraud and someone committing identity theft after swiping their mail.
All valid concerns, but these prescreened or preapproved credit offers exist for a reason. Some consumers really do want to be marketed to, and they want to see all the best deals and … (0 comments)
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credit report: Good Debt vs. Bad Debt - 07/06/10 11:27 AM
Check out this helpful information about credit from one of my fellow bloggers on the Equifax Personal Finance Blog.
Have you ever heard someone talk about "good debt" versus "bad debt"? Those terms can be a little misleading, but the kinds of debt you have and how you manage your finances can reflect positively-or negatively-on your credit report.
Your credit report contains a story about what kind of debt you've taken on and how you've paid it back. You might think of the $20 you borrowed from a coworker to pay for lunch as a debt, and it is, … (3 comments)
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credit report: FAQ: How Long Does Information Stay On My Credit Report? - 05/24/10 01:23 PM
Here's another article from the brand new Equifax Personal Finance Blog. I am the Real Estate blogger for the site and we also cover credit, retirement/investing, tax and insurance.
The following is an exceprt from the Credit blog by Diane Moogalian.
In our regular surveys of consumers who come to the Equifax website and who call our call centers, this is by far the most asked question. Mostly, consumers who ask this question are concerned about how negative information like bankruptcies, judgments, and late payments affects their credit history and score.
Luckily, there are set time frames for how long negative … (3 comments)
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credit report: What To Do If You Find Mistakes On Your Credit Report (With Video!) - 05/27/09 06:52 PM
If you're checking your credit report regularly, you should be looking for more than your credit score. You should also check for mistakes on your credit report and make sure all the information is accurate. If you find a mistake on your credit report, you will want to file a dispute with the three credit reporting bureaus. By law, the credit reporting bureaus are required to address your dispute within 30 days. Sometimes the credit reporting agency can come to a quick resolution, but other times, it may take longer to come to an agreement with the lender. Either way, watch … (0 comments)
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credit report: Don't Enter Credit Card Data For "Free" Credit Report - 04/10/09 02:56 PM
Summary: How can you get a free copy of your credit report? Visit AnnualCreditReport.com or CreditKarma.com - any other site will likely lure you into signing up for a credit monitoring service or other services. At AnnualCreditReport.com you can get one copy of your credit report from each of the three credit reporting bureaus once every year. It's a good idea to look at your credit report to see if there's any inaccurate information and just before you're getting ready to buy a home.
Question: After reading about how to get a "free copy of your credit report", I went online … (3 comments)
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