credit score

36 Million Americans Are Afraid to Check Their Credit Reports

This credit report phobia does not seem to afflict everyone equally. It is especially pronounced among millennials, women, and people with low income.

According to a new poll, the specter of Great Recession hardship still looms large for many Americans nearly a decade after the downturn ended, even though most negative records from that era have already fallen off people’s credit reports. Lots of people are simply too scared to see what’s on there, even if their inaction will lead to bad outcomes.

“We saw this with mortgage foreclosures, where people would not answer the phone or open their …

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How to Get a Free Credit Report

Many consumers do not know that everyone is entitled to a free copy of his credit report from each of the three credit bureaus each year.

 
By: Daphne Succes
 
TransUnion, Experian and Equifax provide your credit report to loan officers, credit card companies, financial institutions and anyone whom you give permission to obtain a copy of your credit file.

If you are applying for a credit card, mortgage, car or personal loan, you should be familiar with the information included in your credit report. You are issued a number, known as a FICO score, which is calculated …

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Solving Your Credit Problems

If you are having problems paying your bills, contact your creditors immediately. Here are some additional tips for solving your credit problems.

Your credit report can influence your purchasing power, as well as your opportunity to get a job, rent or buy an apartment or a house, and buy insurance. When negative information in your report is accurate, only the passage of time can assure its removal. A credit reporting company can report most accurate negative information for seven years and bankruptcy information for 10 years. Information about an unpaid judgment against you can be reported for seven years or …

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Credit Repair: How To Help Yourself

You can improve your credit report legitimately, but it takes time, a conscious effort, and sticking to a personal debt repayment plan.

You see the advertisements in newspapers, on TV, and on the Internet. You hear them on the radio. You get fliers in the mail, and maybe even calls offering credit repair services. They all make the same claims:

“Credit problems? No problem!”

“We can remove bankruptcies, judgments, liens, bad loans from your credit file forever!”

“We can erase your bad credit 100% guaranteed.”

“Create a new credit identity —legally.”

The Federal Trade Commision (FTC) says do your yourself …

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