Tag Archives: Report

Repairing Credit by Having Collection Accounts Deleted From Your Credit Report

October 07, 2009   Admin   No comments

Collection accounts are one of the most popular types of negative entries on credit reports, they are created from accounts that are past due and have not been paid on in at least three months.

This is when the creditor will notify one or all three of the credit bureaus (Equifax, Transunion and Experian) that the account is now considered a collection account and it will be reflected on your credit report.

The reason why an account would go into collections is different for each person, it could be due to job loss, death in the family or a host of other reasons but the bottom line is that you need to recover and get your credit rating back on track.

You want to begin by having these accounts deleted from your credit report and there are a couple of ways to do this.

Tags: Collection Accounts, Credit Report, Report
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Remove a Tax Lien From Your Credit Report

September 27, 2009   Admin   No comments

If you have a tax lien on your credit report, you should take immediate action to remove it. This is a very bad mark and will lower your score considerably.

The first step is to have the bureaus validate the lien. You need to send each bureau a dispute letter. Once your letter is received an investigation will occur. The bureaus will contact the government and ask them to verify your debt. If it is verified you are going to have to make payment to remove it.

Depending on the amount you owe it may be in your interest to contact a tax negotiator. This is because they can often negotiate a reduced payment for you. However you can also negotiate directly with the government.

Tags: Credit Report, Report, Tax Lien
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FREE Equifax, Experian, TransUnion Credit Report

September 22, 2009   Admin   No comments

Because of recent laws passed by the Federal Trade Commission, all major credit reporting agencies in the United States, including Equifax, TransUnion, Experian (formerly TRW), are required to provide consumers (that’s you!) with a totally free copy of their credit reports, if requested, up to once every 12 months. This means that you can acquire a 100% free credit report from any of these three major credit reporting companies once every year. It has never been easier or cheaper to stay on top of your credit report and score than today.

Everyone should check their credit report! It’s FREE

There really is no good reason why you shouldn’t check your credit report, at least once a year. Knowi

Tags: Credit Report, Report
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Free Credit Report ? Q & A

September 02, 2009   Admin   No comments

Q:

Hello John,

I recently received my free credit report and noticed several errors on it. What suggestions do you have for me to fix these mistakes and improve my credit scores?

Angie
Dallas, TX

A:

Hi Angie,

First of all I want to say that you were very wise to get your credit report and uncover these mistakes. Over 25% of all credit reports contain errors. Errors that can cost you a lot of money when it comes to finance.

Depending on the type of errors involved you can probably find resolution by conducting on line disputes on your own.

Tags: Credit Report, Free Credit, Free Credit Report, Report
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Employing A Credit Repair Consultant Can Help Improve Your Credit Report Score

August 25, 2009   Admin   No comments

If you are concerned about your credit reports then it is a good idea to check them regularly. One source has reported that up to seventy percent of all credit reports have errors on them. These errors could mean that you do not get the credit cards or loans that you apply for. A bad credit report can even affect your employment prospects as many employers check them now. And even if your credit report is not affected enough for you to be turned down for a loan, it can mean that you are offered a loan for a much higher interest rate than you would otherwise have been.

You do have the right to see your credit reports and the company must send them to you if you ask for them.

Tags: Credit Report, Report
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