Category: Credit Repair

1.  WHAT IS A CREDIT REPORT? A credit report, also called a “consumer report,” contains information about your credit worthiness.  The information is on file with a credit bureau, or “consumer reporting agency.”  The data consists of your “track record” of payments on charge accounts, loans and credit card accounts.  If you apply to a company […]

APPLICATION INFORMATION 
Full Legal Name ______________________________
Date of Birth _____________     US Citizen? (Y/N): ________
Social Security Number _______________________________
Current Street Address: _______________________________   City:

_______________ 
State: _____ Zip Code: ___________  Length of Residents (years) __________________
Home Phone with area code: ___________________________
Own/Rent/Other _________ Monthly Payment ____________
Landlord/Mortgage Company __________________________
Business Phone with area code: _________________Self-Employed? (Y/N): _________
Business/Employer: __________________________________
Occupation: _____________________________
Length of Employment_____________________
Previous Employer if less than […]

1.     Refinancing with your existing lender without shopping around. Your existing lender may not have the best rates and programs. There is a general misconception that it is easier to work with your current lender. In most cases, your current lender  will require the same documentation as other companies. This is because most loans are […]

How can the simple act of moving affect your credit score? It’s simpler than you think. Even if you forward your mail to your new address, bills — including utility bills — can and often do get lost in the shuffle. “Suddenly, someone who’s never been late has a collections account reported to the bureaus […]

1. Looking for a home without being pre-approved. As a potential buyer competing for a property, you’ll have a better chance of getting your offer accepted by being as prepared as possible. Consider this hierarchy of preparedness:
o Neither pre-qualified nor pre-approved
o Pre-qualified
o Pre-approved
The benefits available at each level can be easily understood when viewed from the seller’s perspective. Imagine […]

Applying for credit can be tricky. On the one hand, you need credit cards if you want to build a credit history and have a good credit score. On the other, applying for too many cards too quickly can hurt you. That’s because each inquiry (when a creditor pulls your credit report and score to […]

Guess what: You can have a perfect payment history, never a day late on your cards, and still have a less than average score, says Fair Isaac’s Watts. “You could lower your score from an excellent category to a good or fair category simply by using most of the credit available to you,” he says. […]

Many folks think closing unused credit cards will improve their credit score. Quite the opposite: Closing unused accounts in fact decreases your score, Watts says. Why? You’re eliminating a chunk of available credit, which then automatically increases your credit utilization, or how much of your available credit you’re using. Credit utilization is responsible for a […]

It goes without saying that late payments hurt your credit. What many people don’t realize is how much. “Being reported as delinquent in paying your bills is the biggest whammy for your score,” says Craig Watts, a spokesman for Fair Isaac, the company that calculates FICO scores. A single late payment could sink you by […]

Date
Your Name
Your Address
Your City, State, Zip CodeComplaint Department
Name of Company
Address
City, State, Zip Code
Dear Sir or Madam:
I am writing to dispute the following information in my file. The items I dispute also are encircled on the attached copy of the report I received.
This item (identify item(s) disputed by name of source, such as creditors or tax […]