We all know that credit scores play a huge part when we apply for a new credit card, buy a new car or apply for a mortgage for a new house. But not many people really understand what determines credit scores – and what we can do to improve them. Here’s a little Credit Score [...]
Continue Reading: How is Your Credit Score Calculated?
I am often shocked by how many people are victims of identity theft. Your credit reports of Experian, Equifax, and Trans Union can determine if you can get a loan, an apartment, a job, or insurance. Identity theft is carried out by people who have access to your private details. They will use your information [...]
Continue Reading: How to Avoid Becoming a Victim of Identity Theft
Now that you know what a credit freeze does and how to do it, you may be asking yourself what it does not do. Having a freeze on your credit report does not affect your personal ability to obtain copies of your report. You might have to include copies of your identification to do it, [...]
Continue Reading: What a Credit Freeze Does Not Do.
If you are eligible to put a credit freeze on your report, you must take the following steps. First, you must put it in writing. You have to do it with all three credit bureaus, which are Experian, Trans Union, and Equifax. While each agency has different requirements, the following items are standard. You should [...]
Continue Reading: How to put a Freeze on Your Credit Report
A credit freeze is an action that consumers may take to prevent new lenders, insurers, or anyone else from pulling their credit reports or scores with Trans Union, Equifax, or Experian. A credit freeze is not something that alerts creditors to possible fraud on your credit report. This is called a fraud alert, which we [...]
Continue Reading: What is a Credit Freeze?
After about two years in the credit repair business, I decided that if I had a son I would NEVER give him the same name as me. There were too many instances that had a son’s bad credit mixing with their dad’s because they had the same name. Now more and more I am seeing [...]
Continue Reading: Father and Son Credit Files Getting Mixed Up
Fixing credit has been our forte’ for over 20 years. The main problem when we are done with repairing the credit is reestablishing and raising the score even higher. We are pounding in our clients head that getting rid of the negatives is only half the battle. You need to have positive credit to get [...]
Continue Reading: Where Should I Apply For a Secured Credit Card?
When you are young, it is easy to live for the hear and now. It is easy to spend money on luxuries or to spend more than you earn. People run up their credit cards and get themselves into a mess. This is often where bad credit comes from. Here are a few tips on [...]
Continue Reading: Money Tips for Young People
The first step to interpreting a score is to identify the source of the credit score and its use. There are a number of scores based on various scoring models sold to lenders and other users. The most common system used was created by Fair Isaac Company and is called the FICO score. FICO produces [...]
Continue Reading: How to Interpret a Score
Millions of people apply for credit every day. Yet not many people know exactly what a credit score is. The purpose for this blog is just for people to have a better understanding on what a credit score is. A credit score is a numerical expression based on a statistical analysis of a person’s credit [...]
Continue Reading: What is a Credit Score?