How Do Mistakes Get Removed From Your Credit Reports?

Credit Score

How Do Mistakes Get Removed From Your Credit Reports?

How Do Mistakes Get Removed From Your Credit Reports?

You’ve found a mistake on your credit reports and you know you need to dispute it. But what happens when you do? Here are four questions we often hear from consumers about the process of getting information removed from their credit reports. 1. Do I Have to Tell the Credit Bureau to Take Old Information... Read More

What Is the Best Credit Bureau?

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What Is the Best Credit Bureau?

What Is the Best Credit Bureau?

Which is the best credit bureau? The most accurate? The best one if you want to check your credit report? These are all questions that are on people’s minds as they try to check their credit, and perhaps improve it. The three largest national consumer reporting agencies (NCRAs) that compile and sell comprehensive credit reports... Read More

4 Credit Mistakes Many Borrowers Make

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4 Credit Mistakes Many Borrowers Make

4 Credit Mistakes Many Borrowers Make

When you visit a lender to borrow money, do you know how they decide whether or not to lend you money? The lender types information into their computer and then an answer comes back and they relate the “good news; you’re approved!” or “bad news; you’ve been declined” to us. What many people don’t know... Read More

Is the U.S. Violating Its Own Credit Reporting Laws?

Credit Score

Is the U.S. Violating Its Own Credit Reporting Laws?

Is the U.S. Violating Its Own Credit Reporting Laws?

The U.S. Supreme Court is trying to determine whether the federal government should be held accountable for the way it may have exposed consumers to identity theft. The case in question, U.S. v. Bormes, involves the government listing several details of consumers’ credit card numbers when they paid fees through the U.S. government’s Pay.gov payment... Read More

CFPB Spells Out Credit Reporting Agency Guidelines

Credit Score

CFPB Spells Out Credit Reporting Agency Guidelines

CFPB Spells Out Credit Reporting Agency Guidelines

The federal agency tasked with protecting consumers from deceptive financial practices released new guidelines to ensure that credit reporting bureaus are adhering to government regulations. The federal Consumer Financial Protection Bureau now has issued new details for how its employees should evaluate companies that issue credit-related documents to consumers, according to its Consumer Reporting Examination... Read More

Consumer Watchdog Plans to Regulate Credit Bureaus Next

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Consumer Watchdog Plans to Regulate Credit Bureaus Next

Consumer Watchdog Plans to Regulate Credit Bureaus Next

The Consumer Financial Protection Bureau head announced Monday plans to begin regulation of credit reporting agencies. In a field hearing in Detroit, CFPB Director Richard Cordray said the impact a credit report can have on so many aspects of consumers’ lives is why the bureau is turning its attention to the private credit reporting industry.... Read More

8 Rules of an Effective Credit Report Dispute Letter

Credit 101

8 Rules of an Effective Credit Report Dispute Letter

8 Rules of an Effective Credit Report Dispute Letter

Discovering and resolving mistakes on credit reports can be complicated. We often hear from users of our Credit Report Card who’ve noticed a sudden drop in their credit score accompanied by an unexplained delinquency. That leads to more digging and finding an error on one or more of their three bureau credit reports. That’s where... Read More

Why Credit Report Mix-Ups Can Be So Hard to Untangle

Credit Score

Why Credit Report Mix-Ups Can Be So Hard to Untangle

Why Credit Report Mix-Ups Can Be So Hard to Untangle

You’ve no doubt heard the advice many times: “Check your credit reports at least once a year to make sure they are accurate.” It’s good, solid advice worth heeding. But what happens when your credit information gets mixed up with someone else’s – and you can’t seem to separate it? Or worse yet, if you... Read More

Sweeping New Rules Proposed for Debt Collectors, Credit Bureaus

Personal Finance

Sweeping New Rules Proposed for Debt Collectors, Credit Bureaus

Sweeping New Rules Proposed for Debt Collectors, Credit Bureaus

The Consumer Financial Protection Bureau unveiled a sweeping set of proposed rules on Thursday to regulate credit bureaus and debt collectors. Both industries have come under increased scrutiny in recent years. Credit reporting agencies play a fundamental role in consumers’ ability to obtain loans and other forms of credit, yet remain almost entirely unregulated. And... Read More

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