It is finally time. Maybe your car is finally broken beyond repair or your growing family means you have to move. You take the right steps to get preapproved for a loan before you shop, only to find out that something is wrong. Really wrong. A years-old debt marked as...
If you've ever tried to qualify for a credit card or a personal, car or home loan and have been denied for it, then it likely has something to do at least in part with the negative information contained on your credit report. If you're wondering how long your bad...
The Fair Credit Reporting Act (FCRA) is a piece of federal legislation that aims to protect consumers from unethical creditors. It places a high value on transparency. This is one of the reasons why this piece of legislation gives consumers the right to request a free...
Each year, many consumers find out that they're not going to be able to reach their financial goals of owning a car or home or taking out a loan because their credit score isn't what it needs to be to make this happen. One elderly Florida man recently learned this...
Many employers here in Minnesota and elsewhere across the country require their employees to undergo credit or criminal background checks, or both, before they are hired on for a job. While you may assume that this entitles them to pull your records from decades ago,...
A United States Senator from Oregon introduced a proposed amendment to the Fair Credit Reporting Act (FCRA) on May 21. If passed, then all creditors would be required to wait one-year before adding any patient's medical debts to their consumer credit report. The...
If you've ever filed for bankruptcy, then the trustee in your case likely informed you that it would remain on your credit report for seven years after it was approved. Did you know that no matter if you file for bankruptcy or not, most debts are supposed to be erased...
Your credit means everything. It's how you secure a loan to buy a car. It's how you qualify for a mortgage and it could even dictate whether you get a job or an apartment that you want to rent. Thus, you definitely want to know what's on your credit report and you...
If you recently applied for a job or a loan only to be denied the opportunity because of an incorrect or outdated credit report, you understand the frustration that this brings. As a consumer, you have little control over what a credit report says about you, but...
As an employee or job seeker, you may be concerned about the type of information that future employers can find out about you from the use of background checks. While it is possible for employers to be able to access such information, there are laws in place to limit...