How to build credit history fast
Tue Aug 24, 2010 11:08PM
It's important to learn how to build credit history fast, because it is going to save you money. And on the long run, lots of money. When you build credit score fast and reach certain level, you see immediate results...Credit score change for the worse
Wed Jul 14, 2010 12:07PM
Just a slight one, but still a change. My credit score decreased by 20 points, from 866 to 846, likely because of the HELOC sitting very close to maxed out for a few months. Can think of nothing else....Bankruptcy in Canada and credit report
Thu Jun 10, 2010 11:06PM
Here are the facts about bankruptcy in Canada. For starters, Canadian consumer credit history is reported by two credit bureaus - Equifax and TransUnion. Experian stopped its credit operations on April 17, 2009. Bankruptcies, both filed and discharged, are kept...Student loans to pay off credit cards and raise credit score
Mon Jun 7, 2010 10:06AM
The daughter of my acquaintances has plenty of money left from her student loans and supposedly, the school she attends, lets students spend such extra funds any way they want except investing in stocks, bonds, etc. So she plans to...Divorce and credit card debt
Tue May 18, 2010 04:05PM
Before we proceed with the question and answer post pertaining to divorce and credit card debt, I want to drive home a very important point. No matter how much in love you are, at least at the beginning, keep your...Bad credit score estimator
Fri Mar 26, 2010 10:03AM
That would be me, on my own credit score, or am I? When I posted Increase credit score 100 points, I predicted my score going down by the end of March, because I maxed out the equity line of credit....Does credit check lower your credit score?
Fri Mar 12, 2010 09:03AM
Q: My husband and I are shopping for the best mortgage rate to buy a house. We went to a local bank and fill several applications online, with Quicken Loans, Wells Fargo, Chase and few credit unions we belong...Increase credit score 100 points
Mon Feb 22, 2010 11:02PM
That is my credit score which I can get from Alliant Credit Union on quarterly basis. As you can see I managed to increase credit score by 100 points ... almost. The actual number is 70 but this is...Prepaid credit cards to rebuild credit
Thu Feb 18, 2010 12:02AM
What are the best prepaid credit cards to rebuild credit? While their number have dropped steadily in the last 2 years, there are still quite a few out there, and here we are trying to narrow your choices somewhat, to...Missed credit card payment, credit score
Fri Feb 12, 2010 11:02AM
Q: I am afraid I just missed credit card payment by one day, may be two, on Capital One. Will that hurt my credit score? The due date was February 10th and I mailed it on the 8th, was...Late payment letter of explanation sample
Mon Feb 8, 2010 10:02AM
As promised here is the sample, the late payment letter of explanation, tailored for a specific situation when the loan you cosigned gets delinquent. A cosigner often does not realize that the person he cosigned for, has missed a payment...Remove late payments from credit report?
Fri Feb 5, 2010 12:02PM
Q: I need to know how to remove two late payments from my credit report. Can you remove late payments to begin with? Or at least dispute them? I found a nice townhouse and applied for the mortgage, but...What affects credit score, according to FICO
Wed Feb 3, 2010 10:02PM
FICO recently revealed for the very first time some more or less concrete numbers on how negative activity affects your credit scores. While we have known for many years what affects credit score negatively, the exact number of points the...HSBC secured credit cards for bad credit consumers
Wed Jan 20, 2010 10:01PM
Two of the best secured credit cards on today's market for consumers with bad credit are Gold and Platinum HSBC secured credit cards. Notable highlights of the secured Visa cards include, - no minimum income required - annual fee...How to dispute hard inquiry, dispute letter with the creditors
Tue Dec 8, 2009 11:12AM
What can you do if there is a hard credit inquiry on report that you did not authorize? Well, the obvious thing is to dispute it. If you review your credit report and find credit inquiries you did not authorize,...Hard inquiries, credit report, credit score
Fri Dec 4, 2009 11:12AM
How to remove hard inquiries from credit report is the often-asked question. Also called hard pull. Many of you think that removing a hard inquiry or several, will greatly improve your credit score. While having many hard inquiries on your...Secured credit card to build credit - Orchard Bank MasterCard just got better
Fri Dec 4, 2009 01:12AM
Issued and serviced by HSBC, this is the excellent secured credit card to build credit. We liked Orchard Bank secured credit card before, but now the new flexible application and approval processes make it easier than ever to get...Pay For Delete Letter, debt settlement letter
Tue Dec 1, 2009 01:12PM
You normally send a Pay For Delete Letter when trying to settle with original creditors or collection agencies. Such a debt settlement letter is an important step of the agreement, where you are offering to pay off debt in full,...Raise credit score fast 50 points
Thu Oct 22, 2009 10:10AM
You found a house you always dreamed of and you can even afford it today. The only problem is, you need to raise credit score fast by 50 points or 100 points. Otherwise someone else will get it and that...Repair credit score quickly for the right type of loan
Thu Oct 22, 2009 09:10AM
When trying to repair credit score quickly, the majority of consumers think immediately of 5 main components which influence credit scores in the following proportions - Payment history including late payments, bankruptcies, collections, judgments - 35% Debt utilization expressed...Credit card debt sold to collection agency
Fri Oct 16, 2009 11:10AM
Q: I divorced almost 8 years ago and have had few bad things on my report from that time period, mainly credit card debt that was subsequently charged off, but nothing negative since. I am looking to buy a...30 day and 60 day late payments
Thu Oct 15, 2009 10:10AM
Q: I am told that 30 day lates do not count after 2 years. What about 60 day lates? A: 30 day late payments count until they drop of your credit report, and that is after 7 years. They...Highest credit score possible - best FICO scores
Sun Oct 4, 2009 08:10PM
Not sure what with this idea some people got in their heads - how to achieve highest credit score possible, which would be 850 on most commonly used credit score scale today. For many I guess, it is just...Average credit score in 2009 and 2010 in America to decrease
Sat Sep 12, 2009 02:09PM
Several recent reports and experts suggest that US average credit score in 2009 is on the way up and will go higher in 2010. I have to still find a slightest evidence of such an assumption, unless the FICO...Does balance transfer affect credit score? - Yes, it can hurt your credit score
Tue Sep 1, 2009 08:09PM
Q: Does balance transfer affect credit score? I want to make a balance transfer from my Capital One to Discover. I am paying 15% interest with Capital One whereas Discover is offering 0% balance transfer for 6 months with...Credit card after bankruptcy, Canada
Fri Aug 28, 2009 12:08AM
Q: How can I get a credit card after declaring bankruptcy in Canada? I did it 2 months ago. Since I live in Prince Edward, I was told I have very limited options A: You have several options in...Check us at 201st Debt Reduction Carnival
Mon Jul 20, 2009 09:07PM
here under Credit Cards section....Unsecured Visa and bad credit
Tue Jul 7, 2009 03:07PM
Q: For a few days, I unsuccessfully look for an unsecured Visa card. My bad credit prevents me from getting it. The Equifax score is 586. Where can I get one? A: 586 is bad credit? That is simply...How to remove a judgement from credit report?
Thu Jul 2, 2009 11:07PM
It is very hard if not impossible but often likely. Did I just contradict myself in one short sentence? Not really, read on. The only way to remove a judgement from a credit report, you need to first and...Prefect credit score and rating
Tue Jun 30, 2009 11:06PM
Perfect credit score based on the FICO credit scoring system, is in 840 to 850 range. How really perfect your score and credit rating should be to get the best deal in town these days? Anything over 760 middle credit...Paid collection on credit report affects credit scores
Tue Jun 23, 2009 12:06PM
Q: A judgment was filed last February and I just paid it in full yesterday. Does a paid judgment affect credit scores? Can I remove a paid judgement from my credit report? I would like to buy a house...Credit report, foreclosure, bankruptcy
Wed Jun 17, 2009 10:06PM
Q: It has been 7 years now on my bankruptcy and foreclosure. How do I go about getting it removed from my credit report? It is 7 years this year. A: Foreclosure stays 7 years from the date of...Credit score of 663, 3 late payments 6 years ago, credit counseling place
Sat Jun 13, 2009 01:06PM
Q: I just had a quick question. I went through a divorce from June 2005 to December 2006 that quite messy. I refinanced the house into my name back in July 2007, but had to get a home equity...Need credit card fast but can't get it
Wed Jun 3, 2009 02:06PM
Q: Help!! I need to get credit card and do it fast. Unfortunately, I know next to nothing about credit. I was denied twice, from my bank and BP Amoco. I am a 24 years old car mechanic with...Minimum credit score for mortgage
Sat May 16, 2009 01:05AM
Q: What is the minimum credit score for mortgage? I am a first time buyer and want to get a home loan, but worry that I won't qualify. My scores are 591, 612 and 637. Someone told me I...Good credit becomes bad in 12 months
Wed Apr 29, 2009 01:04PM
Q: About a year ago my FICO score was very good, now it's 616. I don't understand. I have never been late on any payments at all! Can you advise? A: As I understand you just know the score...Orchard bank secured credit card - secured MasterCard
Fri Apr 10, 2009 01:04PM
This has been one of the most popular and easy to get secured credit cards. Besides, Orchard bank secured MasterCard has low $200 minimum security deposit and caps all processing fees capped at $49. It also gives you a...Credit repair facts, hints and mistakes
Fri Mar 27, 2009 02:03PM
When it comes to credit repair, there are many misconceptions and simply incorrect information out there. Making some of the missteps won't hurt you while making others can be very painful. Here is the very incomplete compilation - call it...Bank of America secured credit card - secured Visa consumers with bad credit
Fri Mar 20, 2009 01:03PM
An excellent credit card for a bad credit consumer, the Bank of America secured credit card offers competitive interest rate on purchases and balance transfers as well as several other benefits, that make it quite competitive with other secured...Wells Fargo secured credit card - secured Visa
Sun Feb 22, 2009 10:02PM
Excellent for those with bad credit or not credit at all, the Wells Fargo secured credit card helps you rebuild credit or establish anew. All you need to apply is a valid Social Security number, employment and Wells Fargo...Fix credit score fast - quick ways to increase credit scores
Wed Jan 21, 2009 09:01PM
in 30 days or so to get best credit card offers and best mortgage deals that are likely coming very soon. To take advantage of best credit deals that will come with new administration, you must hurry up and fix...US Bank secured credit cards to rebuild credit
Mon Jan 19, 2009 04:01PM
US Bank offers two secured credit cards designed to rebuild credit history or establish credit from the scratch. The first is universally accepted U.S. Bank Secured Visa Credit Card that gives you great power and flexibility with all the...Rebuilding credit after bankruptcy
Thu Jan 8, 2009 01:01PM
The effect of bankruptcy filing on your credit report will be devastating. Chapter 7 bankruptcy stays on your credit report for the next 10 years no matter what, so it is imperative to start rebuilding credit after bankruptcy right...Credit repair books? Not that you need any ...
Sun Dec 28, 2008 01:12AM
Q: Can you recommend some credit repair books? We applied for a car loan and were denied. The banker informed us that my wife credit score was 583 and mine was 561. She said we both have a lot...Excellent credit score is higher than you may think
Mon Dec 15, 2008 11:12PM
And having one is not enough these days to obtain a loan. What is an excellent credit score in today's credit mess? The short answer is a middle score of 720 and above should do it. The long answer...Credit repair reviews - useless idea
Mon Dec 15, 2008 12:12AM
Q: It would be very beneficial for readers like myself to have a comprehensive review of credit repair companies posted on your site. There are so many websites offering credit repair services, and literally all are scams, trying to...Self credit repair - do it yourself
Thu Dec 11, 2008 12:12AM
You don't need anyone but self to make credit repair work. The fact of the matter is only self credit repair will help you to get back on track - whatever the reason is, be that bankruptcy, foreclosure, divorce, lack...First Option Visa secured credit card
Fri Dec 5, 2008 11:12PM
The First Option Visa is the secured credit card that is issued without any credit check whatsoever. The only things verified are age, social security number and residence. As long as you can furnish these items, you can obtain...Charge-off on a credit report
Sun Nov 23, 2008 11:11PM
Q: I am currently going through a situation where I'll be receiving a Charge-off on my credit report. My good credit will soon be destroyed, to say the least. I was just wondering if Charge-offs and other derogatory accounts...Credit repair business opportunity
Sat Nov 15, 2008 01:11PM
Q: I know that you are rather negative of third party credit repair shops, but I have this rather unique credit repair business opportunity, started up by my mortgage broker a little over a month ago. I am thinking...Fast credit repair is often not feasible
Wed Nov 12, 2008 11:11PM
Q: I want to know if fast credit repair even possible in my situation. My credit scores are 622, 637 and 651. My report shows two credit card payments that were 30 days late on separate accounts within last...Charge off debts, credit report, collection
Wed Oct 29, 2008 03:10PM
With the looming credit card crisis, the time is ripe to revisit a sour subject of charge off debts, including how they affect credit report, what is the reporting time limit, how debt collectors go after it and what exactly...Credit card charge off with Capital One, 7 year reporting time and debt validation
Wed Oct 29, 2008 12:10PM
Q: I have 3 year old charge off on Capital One credit card account for $7,800. If I make a payment, will it reage and the 7 year reporting time start anew? The other question is, the statute of...Credit repair fraud is targeted by FTC
Mon Oct 27, 2008 12:10PM
FTC has joined 24 state agencies in Operation Clean Sweep, targeting 36 fraudulent credit repair companies in 22 states, that deceptively claim they can remove negative information from consumers credit reports, even if that information is accurate and timely....Citibank secured credit cards - Citi Secured MasterCard
Tue Oct 21, 2008 01:10PM
The Citi Secured MasterCard offers few clear advantages for consumers with bad credit or those who want to build credit history. This is one of the most attractive secured credit cards on the market, Citibank on not. For starters,...Unpaid tax liens and credit reporting time
Mon Oct 6, 2008 03:10PM
Q: Is that true that an unpaid tax lien will be dropped from credit reports after 9 years? I was told that generally old unpaid liens just go away. I have a $460 plus another $125 in fees on...Credit Report Freeze - Lock
Mon Sep 29, 2008 12:09AM
Unofficial Guide A complete guide to Credit Report Freeze option or so-called Credit Report Lock-Down. Please note, that we try to keep this information up to date but the rules do change periodically so do your due diligence. What is...Improve credit score fast - how to boost your credit scores
Mon Sep 22, 2008 02:09PM
Assuming that your report don't show some nasty credit problems like unpaid tax lien, bankruptcy, foreclosure, recent late payments, unpaid charge-offs or collections over $400, you should be able to improve credit score fast. Do a quick mental check if...Cosigning a loan - things to consider before cosigning
Sun Sep 7, 2008 11:09PM
With the tough economic times come late payments and credit delinquencies. Over the last 2 years the number of potential borrowers with rather battered credit scores has been on the rise. In the same time, lenders don't simply want even...Remove bankruptcy from credit report - is that possible to remove a bankruptcy
Wed Sep 3, 2008 12:09AM
With the huge jump in bankruptcy filings our Inbox swells with questions from readers on how to remove a bankruptcy from credit reports before its normal expiration time. As you undoubtedly aware, Chapter 7 Bankruptcy stays for 10 unhappy...IRS lien release - can you remove IRS lien from credit report?
Mon Aug 25, 2008 11:08PM
Once you get IRS lien on your credit report, you can't just remove it. It stays for 7 long years after it is paid, showing as PAID. And your credit scores won't look pretty for a while. When it comes...Credit Monitoring Comparison for 2008 - 3 in 1 report monitoring services
Wed Aug 20, 2008 10:08AM
Can anyone tell me what is the most accurate and least expensive score watch and credit monitoring service for all 3 bureaus? Our readers ask this question a lot ... We think that the most accurate score watch service...Statute of Limitations in Florida expired
Wed Aug 13, 2008 04:08PM
Q: I got a collection notice on long defaulted car loan. It goes back to 2002, I owe $700. Bum Checks sent me a letter threatening to sue me unless I pay. What is Florida statute of limitations on car...The best way to ruin your credit without missing a payment is
Mon Jul 28, 2008 01:07PM
to max out your credit cards. I know it is not wise, and I know some of you do as well, but the case I saw this morning is way too extreme. A client with credit scores of 730, 741...Buying car after bankruptcy
Fri Jul 11, 2008 04:07PM
Q: If I declare Chapter 7 bankruptcy, how long must I wait to buy a car? A: To the best of my knowledge, you don't have to wait. You interest rate will be horrendous of course and lender may...Removing "Paid Collection" from credit reports
Fri Jul 11, 2008 02:07PM
Q: How can I remove Paid Collection? That was electric bill for $73. I wrote to the electric company, but they flatly told me no, they are not going to do it. A: Try to dispute it. Worse case...Credit repair after foreclosure - time is the only help
Tue Jul 8, 2008 12:07PM
Q: I was foreclosed on my rental property 3 months ago and now can't refinance my own home. My credit is very bad with scores of 412, 458 and 467. I also had few other missed payments on credit...Increase your credit score by lowering revolving balances
Thu Jun 26, 2008 12:06AM
Those include credit cards, department store/gas station cards and home equity lines of credit. Keep each balance below the 35% of credit limit for each revolving line. And if possible, open an additional credit card and don't use it....Two 30 day Lates with one 60 day Late
Fri Jun 20, 2008 04:06PM
Q: What is worse for the credit score - two 30 day late payments four months apart or one 60 day late payment? A: I would say the 60 day Late is worse....Leased car repossession
Fri Jun 20, 2008 04:06PM
Q: Can a leased car agreement reported as repossession if I am three payments behind? I was told to bring its current immediately, other wise they are taking the car away and report it repossessed. A: Contract is a...Does student loan in deferment affect credit score?
Wed Jun 18, 2008 04:06PM
Once student loan in deferment appears on your credit report, it becomes a part of your credit history and is a part of credit scoring formula. It takes into account hard inquiry, loan amount, etc....Bad credit today isn't your bad credit of yesterdays
Thu Jun 12, 2008 01:06PM
Bad credit may come in many forms these days. Several clients were looking to buy new cars, trying to take advantage of some excellent deals offered recently by Acura, Lexus and GM. Some applied for financing with Honda Financial, Lexus...Unsecured credit cards for bad credit
Sun Jun 8, 2008 06:06PM
Unsecured credit cards for bad credit represent a perfect repair tool for credit-challenged people. Also excellent way to establish credit for many, these unsecured cards are offered by several banks. For someone with less than perfect credit, the South Dakota...Get credit card from your bank or credit union
Tue May 6, 2008 11:05AM
If your credit scores and history are at the point where you are thinking to apply for a regular credit card, the best places are your bank or credit union. Open a checking account unless you have one already...When judgement is removed for sure?
Sun May 4, 2008 02:05PM
Q: I am confused as far as judgement removal goes. Will a judgement that is unpaid be removed from a credit report after 7 years, or will it only be removed 7 years AFTER it is paid? A: Again,...Bad credit with unpaid judgements
Wed Apr 30, 2008 04:04PM
Q: How long do unpaid judgements remain on the three major credit reporting agencies files? How bad my credit scores will be affected? A: Unpaid judgements are straight way to the bad credit, well I'd say to the credit...Old 30 and even 60 day 'Lates' will not affect credit scores too much
Sat Apr 26, 2008 09:04AM
Q: I have one 60 day late from 02/02 and two 30 day lates on paid off and closed Honda Financial credit account from 06/05 and 09/06. I have tried everything to remove them, but credit agencies always get...Paying down credit card balances will increase credit scores
Fri Apr 25, 2008 12:04PM
If you want to increase your credit score and have few dollars to spare, paying down credit card balances may be the shortest way to do it, provided you don't have late payments, collections and other derogatory records. Basically,...Statute of Limitations on debt vs. credit reporting time limits
Wed Apr 23, 2008 04:04PM
There is a confusion among consumers between the Statutes of limitations and credit reporting time limits. The statute of limitations or SOL is a time limit for creditor to file a lawsuit to recover delinquent debt. This period starts...Piggyback credit score is practically over
Thu Mar 27, 2008 11:03AM
Q: Can I still piggyback my credit scores? I heard that it has become illegal? Two of my friends can add me as an authorised user to their credit cards. A: While I don't think piggybacking credit scores is...Credit card debt in collection
Tue Mar 25, 2008 09:03PM
Q: I have got a $4,700 credit card debt in collection. That was an old American Express card, that went to a collection agency roughly 8 months ago, and I am about to start paying it. The problem is...Texas debt collection, credit card debt, credit repair
Thu Mar 20, 2008 02:03PM
Q: I live in Texas and have about $22,000 in credit card debt which I haven't been able to touch for 2.5 years. Now I am making quite a bit of cash. All the debt was sold to various...60 Days Late on car loan 18 months ago
Thu Mar 6, 2008 09:03PM
Q: I have a car loan which has been paid in full since 3 months ago. 18 months back I was 60 days late once. All three credit reports now show this tradeline as Paid In Full, while also...Repossession on a credit report and cosigned car loan
Wed Feb 27, 2008 03:02PM
Q: I cosigned for a friend car loan in 2004. The car was repossessed in a middle of 2006, I learned about only now when I pulled my credit report. The repossession is there, all right. All relevant accounts...Credit repair agency and credit repair services offer help or do they?
Wed Feb 27, 2008 01:02PM
We always say that the best credit repair service you can find is yourself. While there are occasions when you think you need to hire a third party credit repair agency, few if any deliver on their promises. Most will...Credit repair and higher credit scores trigger debt collection and lawsuits
Thu Feb 21, 2008 03:02PM
If you have bad credit accounts, e.g. late payments, charge-offs, unpaid medical bills with the statutes of limitation still not expired, and you are not gunning for a major purchase that require new credit, it is often wise to...MedFICO credit score is coming
Sun Feb 10, 2008 01:02AM
A little Massachusetts startup got 10 million dollars from Fair Issac Corporation. Healthcare Analytics is developing a credit scoring system for health care, which should aid hospitals in assessing a patient’s ability to pay their medical bills. Another investor...FICO 08 revisited - your FICO score may increase in 2008
Tue Jan 29, 2008 02:01PM
Recently, an 'improved' version of FICO was introduced, the FICO 08. The new FICO 08 is already being implemented by Experian, and TransUnion expects to have the 08 scoring model available for lenders to test during the second quarter of...Credit crunch UK style
Mon Jan 28, 2008 10:01AM
The problem with credit and credit crunch in UK is not better if not worse than in US. Gone with the wind the hey days of mortgage lending and credit card bonanza. According to the Fool UK, 1 out...CLOSED account status
Wed Jan 23, 2008 10:01PM
Q: What does "CLOSED account status" mean, and how long can this stay on your credit report? A: CLOSED can mean few things, but normally, CLOSED accounts are accounts that are no longer available for further use. Closed accounts...Credit fraud: personal information on 650,000 customers lost
Thu Jan 17, 2008 10:01PM
How do you like that one? Just like that, a backup tape containing personal data on some 650,000 unfortunate consumers is missing. Mostly the customers of J.C. Penny and about 100 other retailers that used GE Money to handle their...FICO 08 redefines bad credit score & good credit score - new credit scoring system
Fri Jan 4, 2008 03:01PM
Credit repair can be redefined with arrival of FICO 08 credit scoring system. FICO 08 is the newest credit score model being developed by Fair Isaac Corp., maker of the popular FICO credit score used by most lenders. By...Reestablish credit after foreclosure, bankruptcy, divorce, job loss - how to rebuild credit
Thu Dec 13, 2007 11:12AM
In response to quite a few questions on how to reestablish credit after certain life changing unfortunate events including but not limited to foreclosure, bankruptcy, divorce and job loss, Bad Credit Advisor assemble several excellent sources for your reading....Debt to American Express, collection agency and debt negotiation
Fri Dec 7, 2007 11:12PM
Q: I have $3,200 in debt on an old American Express, it went to a debt collection agency that I just about to start paying. My credit report shows the $3,300 debt to the AE and then another $3,300...Credit repair with unsecured loan and cosigner, and the buyer market
Mon Dec 3, 2007 03:12PM
The following is the recent exchange with the person looking for credit repair. He wants to fix bad credit to be able to buy a house and do it ASAP, in a fear of missing buyer's market. It illustrates...Can I remove Charge Offs before the time limit?
Wed Nov 21, 2007 08:11PM
Q: I've just begun the task of cleaning up my credit report, and your blog has been so helpful thanks, but I do have a question - If I have a charged off credit card account which is 4...Credit report freeze - latest news and developments
Fri Nov 16, 2007 10:11AM
From November 1 of 2007, consumers in all 50 states should be able to freeze credit reports at all three major credit agencies to prevent identity theft. By that date, all three major credit bureaus will offer security freeze...Credit report shows Ex bad credit records
Tue Nov 13, 2007 08:11AM
Q: I have just received a copy of my free annual credit report and found several negative credit records that were not mine. These records belong to my husband ex-wife, who has a very similar, albeit spelled differently name....Illegal debt collection practices - the debts discharged in bankruptcy years ago magically reappear - do creditors forget to update credit reports on a purpose?
Fri Nov 2, 2007 10:11PM
Illegal debt collection has been going on since probably the first collection agency got its licence. But when it comes to respected banks and credit card companies, the whole idea of illegal debt collection practices seems so remote that...Charged off debt is reported 3 years after
Tue Oct 16, 2007 11:10AM
Q: I had this debt charged-off 3 years ago. Now all three of my credit reports show the Olympic Collection agency reporting the account as OPEN with opening date 2 months ago. Is this re-aging? A: No it is not,...Combination of FICO and greed is the real culprit of the mortgage mess
Fri Oct 5, 2007 12:10PM
You know what any mutual fund or other investment disclosure says - past performance doesn't guarantee future gains. Forget about 'sub prime this', 'sub prime that', in the end, the sub prime mortgage will remain a sizable but not the...Repairing your credit score - go for a higher FICO score
Mon Oct 1, 2007 01:10PM
With all the ongoing credit mess lenders have raised the credit score ranges you need to qualify for the best rates and deals, and simply to be able to get a loan. Before the subprime mess, a FICO credit...Credit limit shown on Experian report
Tue Sep 11, 2007 04:09PM
Q: I have a question regarding my Experian credit report. When viewing it, and I am a freecreditreport subscriber, it shows that my available credit is 0%. When in reality my available credit is over 30%. The reason is...If I live in Texas I can't freeze credit until I've been a victim?
Mon Sep 3, 2007 12:09AM
Texas law regarding credit report freeze changed. If you are a victim, you pay no fees. Here how the credit freeze law is explained: Any consumer in Texas may request a security freeze in writing by certified mail to...Charge offs and credit reporting time limit
Tue Aug 14, 2007 08:08PM
Q: How long does a charged-off debt remain on a person’s credit report? A: Charge-Offs stay on a credit report for 7 years. The time runs from the date of the delinquency, plus 180 days. If payment was due...How soon credit score is restored
Thu Aug 9, 2007 11:08AM
Q: How soon after I pay off all my debts is my credit score restored? Is it immediately? A: No, it will take anywhere from few to several months, depending upon factors like how old is your credit history,...Closing credit cards and credit scores
Wed Aug 8, 2007 10:08PM
Q: I have four open credit cards but I only use one. Would my credit score increase if I close two of these accounts or will it hurt my credit score? A: This is not a Yes or No...I am looking to repair my credit
Mon Aug 6, 2007 01:08PM
Q: I am looking to repair my credit. I understand that is going to take a few years, but I would like to do it as intelligently as possible, and as quickly as possible. I owe $8,000 to assorted...Paying off collection accounts while repairing credit history
Wed Aug 1, 2007 02:08PM
Q: I just got married 3 weeks ago and am wondering how my poor credit and the 3 accounts that I have in collections will now affect my spouse's and our joint credit. I had financial problems earlier and...Credit repair and buyer's market
Thu Jul 26, 2007 03:07PM
Call it a poetic justice, or call it what you want, but with what is happening in the real estate, those of you who felt priced out of home market for a long while, are having the last laugh....Repairing bad credit - credit report problems to look for
Tue Jul 24, 2007 01:07AM
Q: Can you give few more details what exactly to look for at the credit report? I got mine and it looks very confusing. A: Here are few more details what to look for while repairing bad credit. Most...Repairing bad credit - second step
Sun Jul 22, 2007 04:07PM
When you receive credit report, check the following information in the order of importance: - your full name, and any previous names, also paying attention to the middle initials and suffixes like Jr., III and so on - Social...I want to repair my credit and do it cheap and fast. How?
Sun Jul 15, 2007 10:07PM
That was a real question posted by a reader. Lately, quite a few people send emails about struggling with their adjustable mortgage payments and falling into bad credit situations, as many have to really pick and choose which loans...Bad credit repair and "no money down" home purchase.
Wed Jul 11, 2007 04:07PM
Q: How bad can be my credit score if I am planning to buy a house with no money down? I checked with few lenders, and getting somewhat conflicting answers. I make enough money to show my income and...Erasing bad credit history
Wed Jul 4, 2007 07:07PM
Q: My credit history is very bad. I was late on my car and credit card payment more than few times. I want to buy a house but was turned down by four banks and mortgage companies. The last...Ex wife ruined credit, am I liable and how to fix my credit score?
Wed Jun 20, 2007 10:06PM
Q: I divorced several years ago. A few years after the divorce I found out my ex wife had two credit cards, one with me as the primary card holder, the other with me as an authorised user. Our...With established credit, will the credit score increase or decrease if credit cards are closed
Fri Jun 1, 2007 01:06AM
Q: I established my credit a while back, and I have several lines of credit - mortgage, car lease, student loans and four credit cards. I only use two credit cards with better rates and higher limits. So it...Equifax, Experian and TransUnion - phone numbers
Mon May 14, 2007 03:05PM
To continue with your credit repair process, after getting your credit report, you have to contact the credit reporting agencies. We have to stress that the best and fastest way to contact any or all credit reporting agencies is online....Credit repair first step - disputing credit report errors
Wed May 9, 2007 03:05PM
As I wrote on credit repair before, it could be time consuming and frustrating, but in today's economy, credit repair is more important than ever, as it gives you many lucrative opportunities in finance and real estate. And disputing...Credit dispute: the same repossession shown twice ...?
Fri Apr 27, 2007 11:04PM
Q: I cosigned on an auto loan back in November 1999. My ex took the car and was making the payments. I found out through a friend that the car was repossessed in early 2001. I have never been...Identity theft in TJ Maxx - the largest identity theft ever
Thu Mar 29, 2007 04:03PM
This has just come out - 'at least 45.7 million credit and debit card numbers were stolen from the computer systems of TJX Companies the discount retailer announced late Wednesday. At least half, if not all, the transactions made between...Credit repair and establishing credit are becoming critical - don't be left behind
Tue Mar 6, 2007 10:03PM
As we are about to finish the first quarter of 2007, several things have become apparent. First, as we wrote in the very recent article, "Bad credit soon to be redefined?", the days when literally everyone could get a loan,...Bad credit will soon to be redefined?
Fri Feb 9, 2007 05:02PM
Those of you who think that your bad credit isn't quite bad, may get a shock quite soon. As anyone with bad credit knows, it is difficult to obtain a loan, never mind home mortgage. Several sub prime lenders have...Pennsylvania credit report freeze
Tue Jan 2, 2007 03:01PM
Pennsylvania credit report freeze has been in effect for the second day now, it applies to all consumers, $10 to place, but no fees for identity theft victims or seniors 65 years. Credit report freeze lasts 7 years. See also...Wisconsin credit report freeze
Sun Dec 24, 2006 01:12AM
Wisconsin credit report freeze legislature takes effect on January 01, 2007. The fee is $10 with each credit reporting agency to place, thaw or remove freeze. No fee for a someone who can prove that he or she has reported...Car repossession and credit report
Sat Dec 9, 2006 12:12AM
Q: How would the repossession of a vehicle affect a persons credit? This is a result of a divorce settlement that one side was told to pay off a vehicle. The vehicle is in both names. The loan value...New York credit report freeze
Thu Nov 2, 2006 12:11PM
Residents of New York are now able to lock their credit reports. First time credit report freeze is free for everyone. After the first request to place a security freeze on your credit file, the credit reporting agencies may...New Hampshire's credit report freeze law becomes effective January 1, 2007
Thu Oct 26, 2006 02:10PM
By enacting the credit report freeze legislation, New Hampshire follows similar laws passed in one form or the other by 14 states. The first original 12 states that passed credit report freeze followed by South Dakota and Minnesota. You...Chase MasterCard problem
Mon Sep 11, 2006 09:09PM
Q: I have a major problem with Chase MasterCard. In 2001 my brother added me to his Chase MasterCard account as an authorized user only. The account was never late and in excellent standing. Somewhere in 2004 he decided...Cosigned loan is defaulted
Mon Aug 28, 2006 12:08AM
Q: I have an issue with my credit, and I was wondering if you could advise me if I have any recourse in correcting the issue. About 3 years ago, I agreed to be a cosigner on my sister's...Credit repair - fixing credit agency mistake
Thu Aug 24, 2006 03:08PM
Credit repair is no fun, but at least when you did it to yourself, it is somewhat comforting. When however, it a credit reporting agency that mistakenly put incorrect information on your sacred credit report, credit repair is getting quite...How to fix bad credit
Sun Jul 2, 2006 09:07PM
Q: I need to fix bad credit, and I need to do it very quick. My credit scores are 627, 609 and 603. I was late on 2 credit card payments for 30 days each time in the last...Credit, charge-offs and statute of limitations for debts
Sat May 13, 2006 03:05PM
Q: Once a charge-off has been on your record for over 7 or 8 years and is no longer showing up on your credit report, can the creditor still pursue you for the amount owed or is it permanently...South Dakota has credit report freeze legislation
Thu Mar 9, 2006 02:03PM
The legislation Governor Mike Rounds signed will allow victims of identity theft freeze their credit reports up to seven years. It will be enacted July 1. They must notify Credit Reporting Bureaus in writing. This just came from the Rapid...Credit report repair fraud - another crackdown by FTC!
Fri Feb 3, 2006 11:02AM
Federal Trade Commission is after 20 credit report repair companies which have managed to convince many consumers that accurate and timely, but oops, negative information can be erased from their credit reports. In this credit report repair crackdown, quite appropriately...Credit Rating - how sub prime lenders rate your credit?
Wed Feb 1, 2006 11:02AM
Credit rating question from a reader. Credit rating used by sub prime lenders is not simply a credit score, but a combination of several factors. Q: I have some issues with my credit report and my scores are only...Notice of default
Tue Jan 31, 2006 10:01AM
Q: What is notice of default? A: Notice of default is the beginning of foreclosure process. If homeowner becomes delinquent on his mortgage payments for 3 consecutive months, lender will send him the Notice of Default, or NOD. The...UK lender offers credit repair mortgage
Wed Jan 18, 2006 02:01PM
Cheshire Building Society started offering credit repair mortgage to the consumers with bad credit. What's more, anyone can apply online, which is very convenient for someone who doesn't like the idea of sitting with loan officer and explaining his credit...I cosigned for my daughter, can this record be removed from my credit report?
Sun Jan 15, 2006 02:01PM
Q: I just have a question. I co-signed on a car loan for my daughter. She makes the payment solely. The balance shows up on both our credit reports. Is there a way to remove it from my credit...How to establish credit?
Sun Jan 15, 2006 02:01PM
Q: Right out of high school I opened a retail computer store front and computer repair store. I've been looking into my credit report a lot lately. My car loan is on there, but that's about it. I seem...Helpful Links
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