Studies show that 79% of all credit reports contain errors. Additionally, 25% of credit reports contain errors serious enough to result in a denial of credit. So how do errors get on the reports? Before we talk about how mistakes happen, we should to review how the credit report itself is developed.
Lenders who have extended credit [...]
When you sign up for credit monitoring services, you’re not necessarily done. What does that mean?
Well, as a credit consultant I get lots of questions about credit monitoring services:
Do they work? Are they good? What about Lifelock?
I also talk to people who have a credit question, so we start a conversation and somewhere in there I [...]
Does a cell phone contract help your credit? Great question from one of our clients this week. The short answer is no. However…..with almost everything related to the topic of credit scores, there is a longer answer that must also be given. Unless you are getting the pre-paid cell phones, this article is for you.
When [...]
We recently wrote about the so-called “Free” credit reports that really aren’t free in this article. Well, CNNMoney.com listed them as one of America’s biggest rip-offs. Amazingly, Experian – a credit bureau that owns freecreditreport.com, said that they do realize that some people who sign up don’t realize they are signing up for a credit [...]
We recently had a question about getting free credit scores. And with the general public’s growing awareness of the importance of good credit and their credit scores, more and more people are interested. So what to do and where to go?
The two sites being advertised the heaviest right now are the freescore and freecreditreport websites. [...]
When we talk about our credit scores, we are referring to the three scores calculated on the information stored by the three major credit reporting agencies in the U.S. and Canada: Equifax, Experian and TransUnion. Rarely are these scores exactly the same because of different information in your credit file at each of the three [...]