September 3rd, 2010 by LeRoy
5 Ways To Dispute Discrepancies to Your credit score
A person’s credit score indicates how credit-worthy and financially responsible they really are.
A credit report is usually sourced from the nation’s three major credit reporting agencies, which includes Experian, Equifax and TransUnion. However, the big three are not immune to errors and major flaws, and according to credit experts, these three agencies incur error rates ranging from 20 to 30 percent, although some of the errors may be as simple as reporting the wrong month of a delinquent account. Nevertheless, any simple credit report errors may still have a damaging on the person’s credit score, which can result in the individual getting rejected for a much-needed credit line. Here are five ways for disputing discrepancies in your credit report.
Order a Copy Of Your Credit Report From The Big 3 Credit Agencies
The first thing to do is to order a copy of your credit report directly from each, or any of the three major credit agencies. Don’t get your credit report from third-party agencies, because chances are you could be disputing errors or flaws that don’t even exist. According to the US Fair Credit Reporting Act (FCRA), the major credit agencies are responsible for correcting or reducing any flaws and errors in their credit reports. The FCRA therefore, enables you to directly contact these credit reporting agencies, and formally relay your disputes or complaints.
Read the rest of this entry »
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
August 31st, 2010 by LeRoy
Whenever you wish to get a loan, you need to know something about your credit score. A credit score is a number that creditors look at to determine your viability to get credit. A bad credit score can keep you from financing your kid’s education, or from buying a new home. Therefore, it’s very important to build a good credit history. Her are five innovative ways for building-up your credit score.
Get a Credit Card, And Pay Your Balance On Time
To get started in building a nice credit score, get a credit card, but remember to only start out with one credit card for the moment. Remember that the more credit cards you have, the more debt you’ll end up with. You need to be responsible with one credit, before you insist on applying for a second or third credit card. In addition, remember to pay your card’s balance on time. If you only charge your card for the items that you can afford to pay, then you won’t need to wrangle with any future debt problems By paying your credit card’s balance every month, this would indicate that you’re capable of paying your bills, and will send a positive signal to most creditors and lenders.
Read the rest of this entry »
July 31st, 2010 by LeRoy
It’s a safe bet that you have used a calculator at some point in your life. Perhaps it was a behemoth from Texas Instruments that needed a heavy duty cord to plug it into the wall, maybe it only required a few batteries, or it could have been solar powered, who knows, maybe the only calculator you have ever really used is the one that’s on your computer. Either way, you know how much quicker they are at solving problems. That’s what they’re designed to do, and they do it well.
Over the course of many years, calculators have definitely evolved. In fact, it seems as though they are getting more and more specialized. There are scientific calculators that let you perform many complicated computations, and graphing calculators, too. Then when you go online you can find calculators that estimate all kinds of things, such as your chances of finding true love, how much of a carbon footprint you have, and even when you’re statistically due to die – yuck!
That’s a lot of calculating power, to be sure. But there’s one that just may be the most important when it comes to everything you do financially: the credit score calculator. So what is it? Just like it sounds, it will use the data you put into to give you a close approximation of your credit score. While each of the companies that give credit scores keeps their precise methods a secret, enough is known about them to give you a pretty good idea of where you stand.
Read the rest of this entry »
July 29th, 2010 by LeRoy
It is a subject that few people discuss, but more and more therapists are talking about it – the key link between our emotions and our money. We may think that money is all about our rational selves, but in fact our emotions are often very much invested in our pocket books.
If we want to Repair our credit, we have to deal with the emotional as well as the numerical side of money. There are a few tips that financial experts now believe can help you harness your emotions in a way that can actually help you improve your credit score:
Give Yourself a Break
Read the rest of this entry »
June 28th, 2010 by LeRoy
Just about everyone who has been an adult for any amount of time knows the importance of establishing and maintaining a good credit score. It is your credit score, as determined by the three credit reporting bureaus, that determines your creditworthiness. Lenders of all sorts, and even landlords and insurance agents, are likely to pull your credit history practically before they shake your hand and say, “Nice to meet you.”
Do you know your credit score?
Do you wonder how TransUnion, Experian, and Equifax calculate credit scores?
Read the rest of this entry »
Tags: 
