What does the Credit Report Contain!!

Posted by Admin on February 18, 2010
Filed under Credit repair | Comments (12)

The right question in understanding a credit score report is to ask what it contains  

Typically a credit report contains four sections. These are: 

  1. Individual’s personal information 
  2. Account information 
  3. Public records 
  4. Credit inquiries 

Personal information: 

It contains information like your name, your permanent address, your mailing address, social security number. This is important in determining that the report you have opened is certainly yours since it can so happen that there are two people by similar names. There could be spelling mistakes in your name or address. Please do not overlook it. It could be a reason that your personal information could have been compromised or there has been identity theft. If your address is not correctly mentioned in the credit report and it differs from your loan application address, then the creditors might delay the loan process as they would like to ascertain your correct address. Please peruse through this information with keen interest. 

Account Information: 

This is the information on which your strategies of disputes and pay for delition would rely upon. There will be certain demarcation between GOOD accounts and the BAD accounts. There can be certain subsidiaries of your Credit card company whose collections are valid for your account but you are not sure. In all such cases we advise that you should dispute and ask for a

Public records 

Records of all the defaults, claims, court proceedings. Bankruptcies filed by you are mentioned on this particular paragraph.

Credit inquiries 

There are two types of inquiries on your credit report. One is the soft inquiry which does not have any impact on your credit report. The other one is the hard inquiry. It has a great impact on your credit score. If you have many lenders calling the credit bureau quite many times then hard inquiries are raised against your report.

The CARD Act 2009

Posted by Admin on December 3, 2009
Filed under Policies | Comments (19)

Credit Card Accountability Responsibility And Disclosure Act of 2009.As a consumer it is essential to have clear understanding of rights and claim. This is a complete list of changes that came into effect starting 22nd February […]

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Online Credit Reports

Posted by Admin on February 18, 2010
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Accessing credit history and credit score is a common topic of discussion. Consumers have the right to access their credit report by accessing online or ordering their credit reports from the authorised bureaus. There have been number of instances where innocent people were fooled by online websites which sprung up overnight and told them that they can sell them these credit reports  […]

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Posted by Admin on February 18, 2010
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Increase your Credit Score

Posted by Admin on August 14, 2009
Filed under Uncategorized | Comments (05)

Credit Score is like the exam score with minimum cut off to get admission into a prestigious college. Brings back the memory of olden days when students ply around colleges for good education for better jobs. Securing higher marks is similar to gaining […]

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Cut Credit Cards. Bargain better Deals

Posted by Admin on February 18, 2010
Filed under Uncategorized | Comments (12)

The right question in understanding a credit score is to be able to control your credit card expenditure and bargain better rates. Checkout how to exactly do itstarting from your own emotions about the card[…]

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