Open Your First Credit Account

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Open Your First Credit Account

Open Your First Credit Account

Establishing credit in your own name is important and entities from mortgage and auto lenders to utilities companies and employers will use your credit history to weigh their decisions. For this reason, it’s important to have at least one credit account in your name to begin building a credit history. You may already have credit… Read More

Hollywood Video Collection Abuses Stopped

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Hollywood Video Collection Abuses Stopped

Hollywood Video Collection Abuses Stopped

Imagine getting turned down for a mortgage or a credit card because once, ten years ago, you failed to make good on a video rental fee. Many consumers found themselves in just that situation after Hollywood Video went bankrupt in 2010, and a collection agency working on the company’s behalf tried to collect $244 million… Read More

Credit Report Mistakes? Here’s How to Fix Them

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Credit Report Mistakes? Here’s How to Fix Them

Credit Report Mistakes? Here’s How to Fix Them

When you find a mistake on your credit report, the advice is always the same: dispute it. It is your right under federal law to dispute incorrect or incomplete information with both the credit reporting agency (or agencies) reporting the data, as well as with the furnisher—the issuing credit card company, auto lender or debt… Read More

Reminder: Check your Credit Bureau Report!

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Reminder: Check your Credit Bureau Report!

Reminder: Check your Credit Bureau Report!

Did you know it’s National Consumer Protection Week (NCPW)?  Probably not, but you should.  It’s that time of year when government agencies, consumer advocacy groups and others join forces to promote awareness of privacy protection, money, debt, and credit management and, of course, scams—that is, how to steer clear of them. In line with these… Read More

15 Cities With the Highest Credit Score Risk

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15 Cities With the Highest Credit Score Risk

15 Cities With the Highest Credit Score Risk

In the aftermath of the Great Recession, Americans have changed how they use credit cards. According to a new report by the credit bureau Experian, the average person has fewer cards and lower credit card debt than they did a year ago. But some of those changes are backfiring, the report shows. As Americans reduce… Read More

Credit Monitoring: This Time is Right to Watch Your Credit Closely

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Credit Monitoring: This Time is Right to Watch Your Credit Closely

Credit Monitoring: This Time is Right to Watch Your Credit Closely

Identity theft crimes seem to increase when the economy tanks. Don’t let desperate criminals use your Social Security number, credit card number or insurance policies for their own gain. With email alerts through a credit monitoring program, you’ll be the first to know if a new account is opened of if someone’s applied for credit in your name.

Why has being a cash-only consumer harmed my credit score?

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Why has being a cash-only consumer harmed my credit score?

Why has being a cash-only consumer harmed my credit score?

Now for my problem. I only pay in cash. I was raised this way. If I do not have the cash, I will not buy it. I learned from the Depression. I owe nothing to anyone! Geez you would think this is great, but my credit score has gone down to 699. Before with a mortgage, I had an 800 score! Paying in cash and owing nothing to anyone has cost me my credit score to drop by 150 points!

Why are My Three Credit Reports so Different?

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Why are My Three Credit Reports so Different?

Why are My Three Credit Reports so Different?

Can you tell me why the three major credit reporting agencies do not have the same information on their credit reports pertaining to the individual. Every one of my reports have different information.

Tax Liens Don’t Play by the Same Rules: Reader Question

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Tax Liens Don’t Play by the Same Rules: Reader Question

Tax Liens Don’t Play by the Same Rules: Reader Question

I had a federal tax lien for $66,000 put on court records Nov.of 1997. It was for self employment tax years 1986-1996. I spoke with a tax attorney two years ago and he said most had expired then and all would be expired by Feb 2008. It is now June 2008 and two of the three services are still reporting it. How do I correct this? At the court house, at the credit bureaus, how?

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