Understanding the FACT Act and How it Protects You
Errors on credit reports are very common and can happen for many reasons. The following are three reasons to check your credit report for errors:
• People can make mistakes with data entry.
• Lenders may fail to report accounts or reparations to accounts.
• Identity theft is a real threat, and one of the first places it may show [...]
How to Dispute Inaccurate Information on Your Credit Report
Even minor errors on your credit report can negatively affect your credit rating, costing you exorbitant amounts of money over the long run in fees and higher interest rates, so it’s important to evaluate your credit report at least once a year. If you find errors, take the time to challenge the errors. The process [...]
How to Read Your Credit Report With An Eye for Catching Errors
When looking for errors on your credit report, you’ll want to start out with copies of your report from all three major credit bureaus (Experian, Equifax and TransUnion.) You’ll want to scan all three documents and compare them looking for inconsistencies and inaccurate information. Take careful notes and research any questionable information you [...]
Understanding Charge-offs and Judgments on Your Credit Record
When debt becomes overwhelming, sometimes the choices become between bad and worse. This article explains the consequences of three unfortunate situations – unpaid charge-offs, paid charge-offs, and judgments. These options for debt resolution are all unappealing, but if you understand the consequences, you may be able to figure out ways to deal with your difficult [...]
Negotiating a Settlement
When personal debt becomes so overwhelming that you simply cannot pay off all of your debts, you may feel like you are at the end of your rope. Before you consider something drastic like filing bankruptcy, see if you can negotiate settlements with some of your creditors. Most creditors feel getting paid for [...]
