The Fair Credit Reporting Act (FCRA) is ultimately designed to protect consumers. The law does this by giving consumers certain rights and governing the ways credit bureaus gather and share consumers’ information. Some consumer rights set forth by the FCRA include the right to know...
Identity theft is becoming increasingly common. Identifying identity theft quickly may help limit the damage, thereby reducing the time and energy needed to resolve it. We’ve compiled the following list of the most common warning signs of identity theft to help you recognize when you may need...
It can be every traveler’s worst nightmare: You go to make a purchase on a credit card and learn that the transaction was declined. You log into your account and find several suspicious purchases. While you are out of town, you depend on access to...
When you apply for a mortgage loan, lenders may request a tri-merge credit report. This report includes details from all three credit reporting bureaus, in the form of a single credit report. It contains a record of your financial transactions for the past several years,...
Whenever you apply for a loan, the lender will probably take a look at your credit report and credit score. The vast majority of adults have a report and score. Good credit scores make it easier to qualify for loans, get better rates or even...
As a comprehensive account of your borrowing history, your credit report is a very important record. It details your loans, credit cards, how you’ve made payments in the past and so on. Lenders will look at this information to determine your creditworthiness when applying for...
.post_text ul { margin: 0 0 22px 0; } .post_text ul li { display:list-tem; list-style-type:disc; margin:0 0 0.5em 2em; } Mistakes happen. It’s a part of life. However, when those mistakes turn up as errors on your credit report, they have the potential to cause serious harm. From higher interest rates to trouble...
Identity theft has become one of the most widespread crimes in America. As a matter of fact, stealing an identity is easier these days, since less personal information is needed to run these scams. When personal information such as date of birth, credit card details,...
Your credit report paints a broad picture of your credit history. Lenders, landlords and even employers may rely on the information contained in credit reports when making decisions. Unfortunately, these reports can sometimes contain inaccuracies. The good news is that you have rights under the Fair...
Identity theft is not a new problem in the United States but, unfortunately, it is a growing problem. FACTA is one tool designed to help safeguard consumers’ information from being vulnerable to identity theft. So, what is FACTA? This blog post will answer that question, explain some of...