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Corporate Background Checks, credit score, experian, Judgments, Negotiating ContractsTags: Corporate Background Checks, credit score, experian, Judgments, Negotiating Contracts
Archive for June, 2009
Business Credit Reports Provide Information About Clients, Vendors and Customers
June 17th, 2009 by admin | No Comments | Filed in experianExperian Credit Scoring 101
June 8th, 2009 by admin | No Comments | Filed in experian
experian” />Your credit score is one of the most important numbers attached to your name. Your Experian credit score will show you what kind of shape you are in if you are looking to borrow money or get credit of any kind.
Experian is an international company that calculates credit scores so that lenders can make an informed decision on whether or not to give you credit. These are also commonly known as ‘risk scores’, because they help the lender determine what the risk is that they are taking if they afford you the credit. Lenders ask questions such as, “How likely is it that I will be paid back the money on time?” Credit scores are fluid numbers that change often with your updated credit information.
Everything you do that involves credit—your credit cards, personal loans, car loans and mortgage loans, all affect your credit either positively or negatively. If you are late with a payment, it will negatively affect your score. However, if you pay your bills on time and have them all in good standing, this affects your credit score positively. Lenders use a variety of different calculation methods for the scores they give you, which is why your number changes constantly.
Credit scores are affected by the number and severity of late payments, the type, age and number of credit accounts, your total debt and any recent inquiries that ask for your credit score. Credit scores are not affected by any of your personal data, such as age, race or marital status.
Continue to try to improve your credit score. Pay your bills on time and keep your balances low on credit cards and other “revolving credit”. A high outstanding debt can negatively affect your score. You should only apply for credit as you need it and pay off the debts you have rather than moving it around. Owing the same amount and having fewer accounts can actually lower your score.
Keep up to date with your credit score. Experian offers you access to your credit score, which you can view regularly with a nominal fee. You can then watch your Experian credit score’s fluctuations and know how you affect your score.
By: Jp Burkhart
About the Author:
JP Burkhart recommends that you visit http://www.creditscoreguide.net/2006/02/experian_credit.html for more information on Experian credit scoring.
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balance, Credit Lenders, credit score, credit scores, credit scoring, experian, loan, Marital Status, money, paymentTags: balance, Credit Lenders, credit score, credit scores, credit scoring, experian, loan, Marital Status, money, payment
Equifax Dispute – Remove Bad Credit
June 4th, 2009 by admin | No Comments | Filed in equifax
To dispute a bad credit item on your Equifax credit report you must send a credit dispute letter. In your letter you must include the disputed item and why it is incorrect.This letter can be created by you or you can hire a credit repair service to do it on your behalf. If you choose to do it yourself realize you have to dispute the item with each credit bureau.
This means that if you send a letter to Equifax and they remove the mark you will also need to send a letter to Transunion or Experian. There is no communication between the three bureaus regarding disputes.
Common reasons to dispute a bad credit item include; information is wrong, item is out of date, account paid in full and more. The Fair Credit Reporting Act passed by congress gives you the right to dispute any item on your credit report.
In addition this act says that any mark that can not be verified must be removed from your report. This is what the dispute process is based upon.
When your dispute is filled the bureau will conduct an investigation. They will contact the creator of the negative mark and ask them to verify the debt, the amounts and the dates.
If this item is not verified by the creator then the bureaus must remove it from your credit report. Often investigations will result in the removal of an item from your report. This is because many businesses are not willing to spend the resources to verify disputed debts.
However before the bureau will investigate your dispute they must say it is valid. There is no clear cut definition of what a valid dispute is.
Often a sample dispute letter will be answered with a letter from the bureau asking for more information about the dispute. Many credit repair experts claim that this is nothing more than a stall tactic used to avoid the investigation.
This is because it will only cost the bureaus money to investigate disputes. The bureaus customers are businesses and only because of government law is there a dispute process.
I suggest hiring a service if you have considerable damage to your credit. However if you only have minor damage such as one or two negative listings then you can dispute your report yourself. If you do it yourself just be patient and persistent.
In sum you do not have to wait seven years for a bad credit item to be removed from your credit. You can dispute the listing and have it removed immediately.
By: Justin Hutto
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For a free credit consultation call 1-866-246-7311.
For more tips on how to file an equifax dispute or for a free credit repair letter used to dispute the credit bureaus or to read another article about how to remove nco financial a common collection agency visit us.
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bad credit, credit bureau, credit bureaus, equifax, experian, Investigations, money, Stall Tactic, transunionTags: bad credit, credit bureau, credit bureaus, equifax, experian, Investigations, money, Stall Tactic, transunion