Who can legally access my credit reports?
Who can legally access my credit reports? Civil Penalty by John Ulzheimer Share Share Email Relax, not everyone can review your credit report. Only those with a legitimate business need can request it for reasons such as: for credit, a service, loan application, or employment. The requirements are set by the Fair Credit Reporting Act […]
Where is all that credit report data coming from?
Where is all that credit report data coming from? Credit Cards by John Ulzheimer Share Share Email The Consumer Financial Protection Bureau’s (CFPB) Office of Deposits, Cash, Collections and Reporting Markets (DCCR) conducted a study of how consumer data is managed, which was released in December 2012. This included how data is compiled by the […]
What is a Credit Report Error?
What is a Credit Report Error? Credit Monitoring by John Ulzheimer Share Share Email Consumer advocates are constantly referring to credit reports as being riddled with errors. Industry representatives dismiss those assertions and suggest that credit reports have very few errors relative to the enormous amount of information they maintain. So, who has it right? […]
What is a Credit Monitoring Service?
What is a Credit Monitoring Service? Credit Monitoring by Maria Shahid Share Share Email Your credit score is essential in your day to day financial transactions. Keeping your credit score intact is vital for your financial success. Even if you have a good score, it is essential to maintain or increase it. One way to […]
What Are the Benefits of Credit Monitoring?
What Are the Benefits of Credit Monitoring? Credit Monitoring by David B. Coulter Share Share Email If you’re looking forward to buying a new car or house or renting your first apartment, you’ll need credit monitoring services to take a closer look at your credit score. While many people don’t have a firm grasp of […]
Credit Reporting Myths That Just Won’t Die
Credit Reporting Myths That Just Won’t Die Credit Monitoring by John Ulzheimer Share Share Email The Credit Bureaus Have Record of Your Income – This is a current myth based on a past truth. Your credit reports used to have your salary included but they were purged from credit reports almost two decades ago. Why […]
Does the FCRA Require Credit Card Issuers To Report To The Credit Bureaus?
Does the FCRA Require Credit Card Issuers To Report To The Credit Bureaus? Credit Cards by John Ulzheimer Share Share Email I received the following question from a twitter follower and fellow CrossFitter today. If you have a credit question for me please feel free to add them as a comment to any of my […]
How Bad Are Collections For My Credit Reports and Credit Scores?
How Bad Are Collections For My Credit Reports and Credit Scores? Auto Loans by John Ulzheimer Share Share Email “John, I’m in a battle with a doctor’s office over a bill they sent to me that I know is supposed to be paid by my insurance company. I flat out refused to pay it and […]
When Using a Store Credit Card is Beneficial
When Using a Store Credit Card is Beneficial Credit Cards by David B. Coulter Share Share Email I have a friend who recently got married. After visiting the traditional suit rental shops in the mall, he was leaving through Macy’s. Provincially, it happened to be one of Macy’s biggest sales days of the year. After […]
Why isn’t an account removed from my credit report after it is paid?
Why isn’t an account removed from my credit report after it is paid? Credit Cards by John Ulzheimer Share Share Email Your credit report includes both current and historical account information. Credit grantors want to make a lending decision based upon both historical and current payment behavior. Historical information is an indication of how you […]