Free Credit Report »

Posted on 11 May 2017 | 6,265 views
About the Big Three Credit Bureaus

A credit bureau is an information clearinghouse that compiles information on consumers. The credit grantors, or lenders, report consumer payment history to the credit bureaus. The credit bureaus then compile that information together with information on tax liens, bankruptcies, and court judgments that is available in public records. In return, when consumers apply for credit, lenders can check credit reports to determine the creditworthiness of consumers.

Rebuilding Credit »

Posted on 10 May 2017 | 1,002 views
Wells Fargo Lowering Credit Standards and Credit Scores for Home Mortgages

U.S. banks are easing credit standards in search of a safe and profitable middle ground after an era of reckless home lending gave way to the stiffest rules in decades, putting a damper on the housing recovery. Wells Fargo (WFC) & Co., the biggest U.S. home lender, two weeks ago cut its minimum credit score for borrowers of Fannie Mae-and Freddie Mac-backed loans to 620 from 660.

Credit Repair Letters »

Posted on 8 May 2017 | 2,097 views
Sample Credit Letter for no Response to a Dispute Letter

So, it’s been 30 days since I sent my dispute letter to one of theĀ 3 major credit bureaus and no response. How can I know if they’re doing something, did something, still yet to do something, or if they’re just simply ignoring me? Are they even allowed to just ignore people? What should I do?

Rebuilding Credit »

Posted on 8 May 2017 | 2,572 views
What to do if You are a Victim of Identity Theft

If you find yourself a victim of identity theft, you can take some steps to minimize the damage and protect yourself against future theft in the process. It’s important to react as soon as you discover that a theft has taken place, so that thieves don’t have more time than necessary to completely destroy your finances or cause you a lot of problems.

Fico Scores »

Posted on 7 May 2017 | 1,889 views
Closing a Credit Card you Have had the Longest Won’t Lower Your FICO Score

When you close the credit-card account that you’ve had the longest, it will lower the average age of your credit accounts and drag down your FICO Score.