Timeline for Negative Credit History

Commercials that advertise ways to obtain a free credit report often emphasize the importance of doing so because of the serious problems you can run into because of having a negative credit history. A person with a negative credit history will have an impaired ability to borrow money, get a good interest rate, and sometimes even get a good job. [more...]

Date: 2009-01-01 08:19:32

Blog posts (285) | Videos (146)
 

How to Identify Common Credit Repair Scams

Everyone has seen the ads before. A business will guarantee you perfect credit. (As if your credit history were a joke) ... Trade Commission (FTC) annually warns consumers on credit repair consultation. There have been many ... . Unfortunately, your credit isn’t a joke. And your credit history will not disappear over night [more...]

Date: 2008-11-16 06:52:59

A Rare Bank Without Defaults

No Credit… No License… No History? No Problem? Even before our current mortgage meltdown, ... of loans - all to customers who have no credit history, zero credit scores, no drivers license and nothing ... default on a loan. And that’s thousands of customers over a 20-year period. How can this possibly [more...]

Date: 2008-12-19 20:22:33

What Are Adverse Credit Debt Consolidation Loans

Credit history refers to an estimation as to how an individual has preformed when it came to taking loans and their repayments ... a normal score of below 600 is considered poor. This results in adverse credit history. We also ... . On that basis only a score is calculated which is known as credit score which depicts [more...]

Date: 2009-01-10 22:43:36

Understanding Background Checks

Background check is what everybody nowadays seems to be interested in, be it employer wishing to make an informed hiring decision, ... broker business. Information requested in most cases includes past employment, credit worthiness, and due ... and Credentials Verification Gaps in employment history Credit History - bankruptcies Identity and Address [more...]

Date: 2008-12-26 00:20:30

What Every Consumer Needs to Know

What Every Consumer Needs to Know Building good credit history is extremely important to one’s life. There are many things that you can be deprived of if you don’t have a good credit history. The magnitude of building credit goes far beyond clothes and groceries. It is more than just those petty [more...]

Date: 2009-01-07 12:47:09

How To Contact Creditors To Help With Credit Repair

Good credit has become nearly a necessity these days. Credit has become almost essential to buying a car or a home ( ... it a credit reporting agency, who then records it on your credit history. A tarnished credit report can be tough to clean up, as most negative items will remain stay on your report for seven years [more...]

Date: 2009-01-15 23:57:12

Sunday Money Roundup - My Cluttered Life Edition.

Boxes, Boxes, Boxes for as far as the eye can see. Don’t you hate when you are packing to move and then you realize you need something that you ... her first credit card because she needs to build up her credit history and credit report. Wish ... in the Festival of Frugality #129 this week, hosted over at my friend Money Ning. My post “29 Free [more...]

Date: 2008-06-15 14:00:40

Start Loans For A Clean Future

Thousands of Americans buy their daily trip to the debt ... was in a precarious situation regarding the credit debt and low credit ratings would not be able ... credit histories, so a good credit score is not necessary [more...]

Date: 2009-01-05 00:43:48

7 Tips for Conducting Better Due Diligence

We’ve all read horror stories about con artists and fraudsters who swindle millions from investors or entrepreneurs ... out about the people who make accounting and legal decisions. At a minimum, you’ll want to check criminal records, civil litigation, credit history, employment history and educational credentials, all of which [more...]

Date: 2008-09-28 16:00:25

Buying A House? Check Your Credit History Now

A lot of my friends are thinking about buying, or have already bought, a home this summer ... each year, which means there’s a uncomfortable chance your credit report will have something wrong ... your claim. Check your credit history for free at the government mandated AnnualCreditReport website [more...]

Date: 2008-06-06 17:53:23

Cash Advance

Cash Advance Posted on 2008 under Business Talk | No Comment 5 Jul Both of my friend will leave abroad soon ... for! Regardless of bad credit history or employment history as long as you’re an heir, they can fund money ... business days of receiving the completed application. Check it out! I’m sure I’ll let my friend [more...]

Date: 2008-07-05 12:50:54

Do-it-yourself Credit Repair

There are many consumers which are being lured by companies which promise them to clean their unappealing credit history ... a fraud by creating a new credit identity and report or any illegal undertaking. Customers should ... by the federal law. credit report In order to avoid scams, people should not pay a service fee as long [more...]

Date: 2008-08-23 04:47:53

Recognizing a Credit Repair Scam

by David Wada Everyday, companies target consumers who have poor credit histories with promises to clean up their credit report so they can get a ... . The truth is, these companies cant deliver an improved credit report for you using the tactics they promote. Its illegal: No one can remove accurate negative information from your credit report. So [more...]

Date: 2009-01-16 06:24:58

Home loans

by Tom Martens For the vast majority of us, homeownership means a monthly mortgage installment ... this rate, your credit history and credit score are major factors in whether your bank considers ... the best option for you. Administration fees payable every month differs with each loan, so check [more...]

Date: 2009-01-16 14:53:39

Skepticism About Fighting Terrorists With Data Mining

According to the New York TImes, the British government is considering setting up a database of all phone, email, ... for advertising and credit card reporting agencies, it has much less success predicting the behavior ... a consumer's credit history with the history of millions of consumers to predict a person's [more...]

Date: 2008-10-24 18:01:59

Doing a Background Check is Easier Than You Might Expect

by Glen Pearson Do you have question about someone’s past? ... . If an error is revealed, contact information is provided so that the records can be updated ... can be very detailed. It may include credit history, any criminal history, previous addresses [more...]

Date: 2009-01-07 22:20:20

Identify Credit Repair Scam in 6 Ways!!

by David Wada Everyday, companies target consumers who have poor credit histories with promises to clean up their credit report so they can get a ... . The truth is, these companies cant deliver an improved credit report for you using the tactics they promote. Its illegal: No one can remove accurate negative information from your credit report. So [more...]

Date: 2009-01-16 06:23:45

Ovation Credit Services

Credit history is very significant for us to apply and get loans for our vehicles,house etc ... with your credit report repair and to assist you in overcoming the bad credit,they are working ... .It is very important for us to maintain an proper credit profile.But it is quite common [more...]

Date: 2009-01-05 17:39:46

Running a Criminal Background Check is Amazingly Simple

by Glen Pearson Are you curious about someone’s past? ... it is easy to find the information you seek, right from the privacy of your own home. There could ... include credit history, any criminal history, previous addresses and more. Naturally, there is a cost [more...]

Date: 2009-01-06 09:54:26

The choice: getting out of the credit mess, or sink into a depression

One of the most alarming things about all the bailout talk is that the Community Reinvestment Act is still in the books . Why should this matter? ... or employment history and little or no savings or credit history. The intellectual start of this mess ... Because it’s at the heart of the current credit crisis. Harvey Golub writes in today’s Wall Stret [more...]

Date: 2008-12-09 14:27:33

Home loan

by Tom Martens Before starting the homeownership or monthly mortgage installment ; ... to the prime rate set by the Fed. When determining this rate, your credit history and credit score are major ... online home loan calculators on financial or property websites to start working out what your payment [more...]

Date: 2009-01-16 14:42:11

When you go through a bankruptcy with credit card holders at what point do have to stop using the cards?

using credit cards Musicman asked: I am in a situation where I am having to use my credit cards more and more for day to day necessities but ... difference. Thanks, Tags: rebuilding credit, citi credit card, high risk lenders, no credit history Share and Enjoy: Digg Sphinn del.icio.us Facebook Mixx Google De.lirio.us [more...]

Date: 2009-01-17 02:39:16

Hospitals Tap Credit Bureaus to Gauge Patients? Ability to Pay

There’s new momentum behind hospitals’ efforts to predict how likely patients are to pay their medical bills. Experian, one of the three major credit bureaus, has agreed to acquire SearchAmerica, a small ... uses data collected by credit bureaus — from payment histories to credit limits — to gauge patients’ [more...]

Date: 2008-12-10 15:09:26

Self Credit Repair Really Works

by Lee Beattie No one plans to contend with bad credit when they start out on their own but, unluckily, ... repair kit on how to repair your credit history yourself from whatever of the three major credit ... on bills and now your credit is miserable. You can select to work with a credit repair company only [more...]

Date: 2008-08-21 08:04:16

Credit Card Horror

The availability of credit for anyone no matter their credit history has caused many financial problems for consumers ... card companies report that at least 20% of consumers have maxed out credit cards ... specific sales pitch or ad. If you have a good credit score, (630 or above), you can usually [more...]

Date: 2009-01-16 23:12:15

September 30th, 2008 - Help Stop Debt Harassment, Learn Your Rights!

Obtaining credit can be fairly simple. If you have a steady job, an acceptable debt-to-income ratio, and no history of serious credit delinquency, you can obtain more credit than you’ll probably ever need. But many in Pennsylvania face the flip ... of Disputed Information on a Credit Report Cost: Single Steps Strategies Members [more...]

Date: 2008-09-29 05:38:41

Breaking the Monthly Payment Mentality

Local car dealerships have been running a blitz of advertisements here in my local town over the last several weeks in an effort to move inventory ... ’t check your credit and measure you based on some score. Since we don’t check your credit, we do ask that you build a credit history with us by paying a $99.00 initial fee, followed by 52 weeks [more...]

Date: 2008-12-18 19:00:04

It’s time to refinance ~ but is your home worth enough to get that great low rate?

Short sales, Bailouts, Mortgage Reductions…there are all kinds of programs being talked about, ... .  But I have a question.  What about the homeowner who has never missed a payment, has a great credit score ... it would be simple with a history of a lifetime of great credit, right?  Nope.  Not if your home [more...]

Date: 2009-01-17 04:16:58

Recognizing a Credit Repair Scam

by David Wada Companies target consumers with poor credit histories all the time, making promises to fix their credit report so they can get their dream car, a bigger home, health ... is, these companies cannot deliver an improved credit report using the ‘unique’ tactics they promote [more...]

Date: 2009-01-16 04:06:09

CIBIL frequently asked questions (FAQ) and answers

Sep 15, 2009General Info Q.1 What is CIBIL?CIBIL – India’s first credit information bureau- is a repository of information, which contains the credit history of commercial and consumer borrowers. CIBIL provides this information to its Members in the form of credit information reports.Q.2 Who owns CIBIL?CIBIL’s equity was held by State Bank of India, Housing Development Finance Corporation Limited, Dun & Bradstreet Information Services India Private Limited and Trans Union International Inc. [more...]

Date: 2009-09-15 02:03:33

Beware Long-Term Cardholders With Perfect Payment Histories, Your Credit Lines May Be Slashed [Credit Cards]

Oliver paid off his Citibank platinum card on time, in full, every single month since 1989, ... up on his credit report. Oliver writes: I’ve been a Citibank Platinum cardholder since 1989 – that’s longer ... gleefully informs me that: “Sir, due to some recent negative information on your credit report we’ve [more...]

Date: 2008-07-20 19:00:00

Is It Better To Have A Mastercard?

by Will Smith In these current times despite a poor credit history it is still feasible for someone to get a credit card from the mass that ... unfortunate people with a poor credit score can see straight away which credit card companies will issue ... currently flood the market. The primary two credit card suppliers normally best to approach first [more...]

Date: 2009-01-16 18:28:18

America's 10 Most Stressful Cities [Most Stressful Cities]

WaMu Begins To Sell Itself ... views, Comment Credit History PRBC Helps You Create A Credit Score From On-Time Rent, Bill Payments Payment Reporting Builds Credit (PRBC) is an alternative credit reporting agency [more...]

Date: 2008-09-18 20:13:47

Why is Equifax not reporting my information of credit history?

bamagrits84 asked: I got my first credit card in June of 2006. My payments have never been late. Every 30 days the credit card company reports account status to all 3 major credit reporting ... it at all! I had to pay Equifax $20 for my credit report just to try to dispute it and now I get a bunch [more...]

Date: 2008-12-23 20:51:38

Why Is It Essential To Have A Good Credit Score?

by Jason Bishop A healthy credit score is principal in our financially driven order ... don’t recognize that Receiving a good credit history can aid them with employment opportunities, applications for credit cards, buying a new house or even a new automobile. To be able to buy a new [more...]

Date: 2009-01-12 19:41:17

Strategic Defaults

The L.A. Times’ Ken Harney wrote this article on the study of homeowners with good credit histories intentionally defaulting on their mortgage: http://www.latimes.com/classified/realestate/news/la-fi-harney20-2009sep20,0,2560658.story An excerpt: * Strategic defaults are heavily concentrated in negative-equity markets where home values zoomed during the boom and have cratered since 2006. In California last year, the number of strategic defaults was 68 times higher than it was in 2005. [more...]

Date: 2009-09-30 20:43:25

How to Protect Kids from Identity Theft

I can’t understand how someone could have the audacity to swipe an innocent child’s personal information and open fraudulent credit accounts in ... with more than $10,000 in credit card debt. Children are easy targets for brazen thieves. According ... Credit Card Offers In an effort to help their child build a solid credit history early, some parents [more...]

Date: 2009-01-03 13:57:59

Trillion-Dollar Scam?

RG mail Even as the media continue to repeat the claim that credit has frozen up, evidence has emerged suggesting the entire story is wrong ... he was asking, the results would be disastrous: “Even if you have good credit history, it would ... has continued to echo Bush’s central assertion that there’s a “credit crunch” preventing even qualified [more...]

Date: 2009-01-03 19:26:33

Interview the Expert: FHA Loans

October 21, 2008 Today begins a periodic series of posts spotlighting an interview with a local expert on topics related to the housing market ... on your credit report altogether. FHA also allows those buyers who have  literally no credit history ... + years and in that time has seen it all. She specializes in first time homebuyers, does a little credit [more...]

Date: 2008-10-21 21:39:12

Rise in Overdue Mortgage Payments

In the first three months of this year more than a fifth of homebuyers in the UK, who have a chequered credit history, have fallen behind on their mortgage payments and even those with top-quality ratings have seen a statistically significant rise in delinquencies. New research from Standard & Poor’s is based on the behaviour of homebuyers, whose loans have been packed in to mortgage-backed-securities, accounting for 80 percent of the £43bn sub-prime mortgage market. [more...]

Date: 2009-09-25 03:11:53

Opting For Bad Credit Refinance Is Like Walking On Thin Ice

by Angus Guy Ignorance and indiscipline are the two main detractors who are responsible for destroying our once green credit rating and bringing us to despair to suffer the ignominy of ending up with a Bad Credit rating. Along with this come a host of other problems related to a bad credit history. In the earlier days no bank or lending institution would consider it safe to lend to someone such a history. [more...]

Date: 2009-10-01 10:28:09

Timeline for Negative Credit History

by William Blake Commercials that advertise ways to obtain a free credit report often emphasize the importance of doing so because of the serious ... even get a good job. Fortunately, a negative credit report is not permanent and thus can be made better. After seven years, the majority of the undesirable contents of a negative credit report [more...]

Date: 2008-12-20 08:42:43

Reader Email: Help Me, I’ve Been Evicted!

Every now and again, I get e-mails from readers asking for advice. I always stress that I’m licensed to give individual financial advice ... . I was a Prosper client in the past, but never was able to get funded. My credit score has dropped and therefore ... as a wheelchair/elevator installer. I am very trustworthy and though my credit history might say [more...]

Date: 2008-07-23 17:31:20

HOUSING PUSH FOR HISPANICS SPAWNS WAVE OF FORECLOSURES

For years, immigrants to the U.S. have viewed buying a home as the ultimate benchmark of success ... loans, which carry high interest rates and are tailored to borrowers with low credit scores or few ... multiple cash jobs, but had no savings or established credit history to allow them to qualify [more...]

Date: 2009-01-06 13:19:54

Where Any Sale Is A Prized Event

The Associated Press reports on Florida. “Al Ray is so strapped for cash, the only time he eats out is on Wednesday or Sunday, ... of their income or more on housing costs, according to 2007 data released Tuesday by the U.S. Census Bureau ... $250,000 a year and had an impeccable credit history.” “Then he lost his job. Provost missed one $10,500 [more...]

Date: 2008-09-23 13:38:07

"The Largest Credit Contraction in History is Here"

"There was a report from Mish’s Global Economic Trend Analysis * who in turn was commenting on a report from Martin Weiss who publishes research at his Money and Markets site. Weiss takes a look at the Flow of Funds report for Q1 published by the Fed. Weiss’s conclusion: The first quarter brought the greatest credit collapse of all time. Open Market Paper: Instead of growing as it had in almost every prior quarter in history, it collapsed at the annual rate of $662.5 billion. [more...]

Date: 2009-07-12 01:58:00

Background Check Statistics

According to the AmericanDataBank.com, up to 30 percent of all applications contain false information and another 40 percent of resumes have facts ... seekers lying while trying to get hired. Only 42 percent of candidates in this area of employment tried ... are now looking into applicants’ credit histories in order to help them make hiring decisions [more...]

Date: 2008-11-24 10:37:00

Negative Credit History Timeline

by William Blake Commercials that advertise ways to obtain a free credit report often emphasize the importance of doing so because of the serious ... even get a good job. Fortunately, a negative credit report is not permanent and thus can be made better. After seven years, the majority of the undesirable contents of a negative credit report [more...]

Date: 2008-12-29 13:50:17

Credit Repair Agencies - is it a scam ?

It is important to have a good credit history in difficult economy.  It is especially important if you are buying or refinancing a house ... fix for creditworthiness.  You can improve your credit report legitimately, but it takes time ... is that negative, yet legitimate info can stay on your credit report for 7-10 years, under federal law [more...]

Date: 2009-01-05 03:36:53

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