How Do GOOD Credit Repair Companies Increase Your Credit Score….They Add TRADELINES! Many people go to credit repair companies and the majority of them only address 1 part of the bad credit problem. The negative tradelines. If the tradelines are negative, AND you were unable to negotiate with the original creditor for a…
The Costa Mesa credit bureau Experian was recently asked to pay a $3 million fine to settle claims that the firm sold credit scores that were completely useless to consumers. The Consumer Financial Protection Bureau said that Experian offered its own score to consumers and mislead them by implying that these scores were “the same type of…
There are two main types of inquiries, which can appear on your credit report. These two types are known as hard inquiries and soft inquiries. Even though both these types of inquiries are in a position to enable a third party to take a look at your credit report, the hard inquiries are the only…
Credit scoring models have existed since the 1970s. Credit scores are beneficial to lending institutions, insurers, employers, landlords and government agencies. Fair Isaac & Co developed the first credit scoring model, FICO. It was not until 2006 when Experian, TransUnion, and Equifax collaborated to establish a new type of scoring model, the VantageScore. The…
If you are like most people, you have been hearing about the importance of a good credit report since you were able to hold a dollar in your hands. One of the best things that you can do for yourself is to keep a good watch on everything that has to do with your credit….
Good credit habits are nurtured. It requires conscious effort to keep your personal credit in good standing. Unfortunately, many people had to learn the hard way about the importance of correct financial management. In this article, let’s discuss specific credit habits that everyone should implement throughout their lifetime: Keep credit card charges minimal. Many…