Your credit report is a powerful tool that can make or break your financial future. It's a detailed record of your credit history, and lenders use it to determine whether to approve your loan applications, credit cards and even apartment rentals. But what if your...
Due to technological advancement and the internet, personal information has become more vulnerable to intrusion and theft as everything has become interconnected. The improper use or disclosure of private data can lead to serious consequences, including harm to...
A creditor reporting late payments on your record can significantly impact your credit score and, in turn, your ability to get credit in the future. Unfortunately, this may happen even when you pay on time. Here is what to know about inaccurate late payments on your...
Your credit score is issued based on an accumulation of data. Credit reporting companies will look at your borrowing habits and assign you a numerical score based on debt levels, income, past repayment issues, bankruptcy cases and a variety of other factors. Having a...
Credit reports provide insight into how someone manages their finances and maintains their standard of living. Outside parties ranging from landlords to employers may perform credit checks when deciding whether they want to offer an opportunity to an individual. Those...
The information included on your credit report may be inaccurate, Perhaps you got married and have changed your name, or the information of someone with a similar name as yours may be mixed with yours. Identity theft may also lead to a credit report error. So, what...
A credit report affects many aspects of someone's life. Obviously, someone's credit score and history of recent credit use can affect their finances. An accurate and positive credit report can help someone qualify for a lower-cost mortgage or better terms when...
Many people think of credit scores as if they’ve been around forever, helping to govern financial activity. And it is certainly true that lenders have always been interested in the credit history of potential borrowers. You can even find examples of credit reporting...
Navigating the world of debt collection is often overwhelming, especially when you're unsure if the debt in question is yours. Sometimes, creditors might contact you about a debt that doesn't belong to you or is inaccurately reported. Federal laws, specifically the...
Your credit score seems to control a great deal of your life – including things like whether you can rent an apartment, get a car or even secure certain jobs. Understanding how credit reporting agencies function, and what your credit report entails can help you...