Credit Reports
How Creditors Evaluate Your Credit Report
Your credit report basically contains a detailed record of your credit activity, and your transactions with your creditors; but if you think that that’s the end of it, you probably don’t realize that even the seemingly harmless details can imply to your creditors that you are a credit risk. Whether the suspicion is with […]
ContinuedDealing With Mistakes On Your Credit Report
If your name is actually John Doe, then you may have problems with a lot of things; phonebook listing entries, not to mention that a few people won’t take you very seriously once you provide such a name in your credit application. If you’re a John Smith, there is a chance that another, unrelated […]
ContinuedCredit Reports: How They Evolved, And What’s In Your Records
It may be of interest to you to know that the credit reporting system you are now familiar with started from humble beginnings. Early in the 19th century (when light-speed processing was obviously still unavailable) the method for keeping tabs on credit was very primitive, but nevertheless efficient for the small-scale purpose. Whenever people buy […]
ContinuedKnow About Your Rights Concerning Credit Reports
Since your credit report is basically a fact sheet of your financial credibility, you should be able to enjoy certain rights concerning the disclosure of its contents. Well, do you? Yes, and unfortunately, no. Although some interested entities still need your authorization in order to view its contents (and the report comes […]
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