The Case Against Credit Repair
When my wife and I moved into our house in 2005, we were by far the youngest in the neighborhood. My neighbors are pretty cool, though. Two of them were WW2 vets. The neighbor to my right is Mr. Handyman. They’re a great bunch who like to have BBQ’s and invite us over. During one…
Why Your Creditors LOVE Bad Credit
Creditors in the credit equation are known as Data Furnishers. They are the agencies who offer financing to consumers, then report the pay histories back to the credit reporting agencies or the credit bureaus. Some other personal information is also given by creditors, including consumers’ names, date of birth, social security number, address, prior addresses,…
How to Remove Credit Inquiries
If credit inquiries are a source of frustration to you, then you’re in the right place. The section on your credit report called “Credit Inquiries” lists the creditors and companies that have pulled your credit report in the last 2 years. There are two types of inquires: Hard and Soft. A soft inquiry is the…
Why The Credit Bureaus LOVE Bad Credit
Your credit profile is made up of data collected by creditors, then reported to the credit bureaus. The bureaus then make a profit by selling this data in reports, leads, and other methods to creditors for the purpose of issuing new credit or soliciting you for credit. For example, when a creditor, such as CHASE,…
Who Are The Credit Bureaus?
The Fair Credit Reporting Act refers to the credit bureaus as Consumer Reporting Agencies or CRAs. The “Big 3” credit bureaus are Trans Union, Equifax, and Experian. There is a fourth reporting CRA known as Innovis, which creditors rarely use. These are private for profit companies who make money by collecting and selling consumer information.…
Boost Your Credit Score Without Credit Repair
You’re about to learn a little known, highly effective, and thoroughly proven strategy I have used to help literally thousands of my credit repair clients to dramatically boost their credit scores almost overnight. I have personally helped thousands of hard working Americans just like you get the credit scores they deserve and get back on…
Is Credit Repair Legal?
In a recent study, it was found that over 80% of credit reports across the United States contained serious inaccuracies, such as wrong social security numbers, collections or charge-offs that do not belong to consumers, and late payments that never occurred. Under the Fair Credit Reporting Act (FCRA) you have a right to dispute inaccurate…
