In order to prove to the scoring system that you know how to manage revolving debt, you MUST have active credit card accounts. It makes up for 30% of your credit scores. Yes, 30%! As a credit score expert who has seen thousands of consumers face the challenge of overspending and living beyond their means, […]
How To Separate Good Credit Score Advice From Bad!
Close Credit Cards-Pay Everything In Cash Pay Off Collections Before Applying for A Loan Close Accounts You Don’t Need or Use Paying Off Your Auto Loan Will Help Your Credit All sounds like great advice, right? And it may be for some things, but I can tell you first hand that all of these items […]
Divorce and Credit: What You Need to Know
Although the current credit crisis is causing more couples to stay together because they cannot afford to financial support two households, statistics still show that 1 out of every 2 marriages ends in divorce! That’s a daunting statistic and one that brings with it an abundance of emotional and financial upheaval for more than half […]
Credit Reporting Errors – Their Mistake, Your Loss
The subprime mortgage crisis fallout which began in December 2006 has thrust the issue of credit into the political spotlight. Lenders provided financing to hundreds of thousands of homeowners who-based on the terms of their agreements-could not realistically pay back their loans. During one of the many 2008 political news conferences and debates, candidates were […]
How Creditors Profit From Consumer Lack Of Knowledge
When your parents sat you down for an important talk, did they ever say, “I want to talk to you about your credit scores”? I don’t think so. Everything you have learned about credit has come from the school of hard knocks, right! People come to me to raise their credit scores from a 720 […]
Consumer Credit Protection – All Smoke & Mirrors
Following in the footsteps of the Guilty Until Proven Innocent flaw, for every consumer who has ever tried to challenge the accuracy of a derogatory account on his or her credit reports, I know you will agree that this is a big flaw in the system. Basically, when it comes to derogatory information on your […]
The Top 5 Credit Score Flaws
Every system has its flaws. Sometimes you have to dig to find them, and sometimes they slap you in the face. Every day more and more consumers take serious, costly hits because of flaws within the credit reporting and scoring system. I’m convinced the flaws will keep increasing until consumers reach a boiling point. Once […]
Credit Bureau Addresses
As a word of caution, the three major credit bureaus change their contact information frequently due to the number of consumer disputes they receive. Equifax Information Services LLC PO Box 740256 Atlanta, GA 30374 http://www.equifax.com Equifax Telephone Numbers: Main Number: 1 (888)425-7961 Order Your Report: 1 (800)685-1111 Fraud Dept: 1 (800)525-6285 Opting Out: 1 (888)567-8688 […]
