There are times when you would need to secure a copy of your credit report out of need or want to manage your credit accounts effectively. Whichever among these is your reason, it is always wise to secure a copy of your annual credit report. It is your right anyway — you might as well exercise it.
First things first — make sure to get your credit report from each of the three credit-reporting agencies (TransUnion, Equifax and Experian). It is common misconception that getting one of these would be enough. Remember: creditors have the option to choose which among these three they would want to subscribe to so a complete credit report would be such report from all these three … (more) May 26, 2009

Posted in Credit Card Advice, Credit Card General, Report and Score Comments Off

We regularly hear news stories about people losing their identity to unsympathetic thieves who have breached security measures and caused consumers financial troubles for months, and even years, to come. The one thing that this security concern does bring about is that consumers are now being more proactive about their own financial practices. More people are shredding their important papers and using stronger passwords to protect their vital information.
One avenue consumers can use to protect themselves is by using credit cards. Without a doubt, paying for purchases both online and off using a major credit card can bring you a piece of mind you may not get using other sources. Because the credit card company is essentially paying for your … (more) May 5, 2009

Posted in Credit Card Tips, Identity Theft, Report and Score Comments Off

Credit card offers start pouring into the mailbox for consumers at a relatively young age. Most high school graduates will begin receiving such offers before leaving home for college and many more will get offers and promotional materials while in college. The promotionals may seem like a great deal but for most of the recipients, they do not yet know how credit even works. Without a solid knowledge-base of credit, students can be facing a life-long battle with debt and other financial difficulties.
Here are 6 things college kids need to know about credit cards:
Introducing Your Own Credit Report – Opening a credit card account will also likely be the start of your credit report. As many teens can’t wait … (more) April 23, 2009

Posted in Choosing Cards, Credit Card Tips, Debt Consolidation, Promotional Offers, Report and Score, Student Comments Off

Many people will assume that their credit score if fine based on their own actions with personal finance. However, it is never good to assume that your credit score is where you think it is or even that the information contained on your credit report is accurate. While the creditors and credit reporting agencies have a responsibility to you to to maintain the correct information, there is not way to guarantee that what your credit report is correct unless you check it frequently on your own.
Everyone is entitled to a free credit report once a year and at any time after being denied for credit. Take advantage of these opportunities to request your report and see where you stand. It … (more) April 16, 2009

Posted in Identity Theft, Report and Score Comments Off

Your credit report is the most important source of information about your financial standing, creditworthiness, and your spending habits. Your credit report is what lenders check in the first place when making a decision whether to give you a loan or not. You should constantly keep track of your report and every little change on it. It is not that credit bureaus are not trustworthy enough.
The thing is that you can find out inaccuracies on your credit file one fine day. This can be the result of a simple human mistake. You can also be mixed with another person that has a similar name. In case you discover some kind of negative information in your report that is not factual, … (more) October 10, 2008

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How does it feel to have fair credit? Is it a premonition of dropping down to demonic bad credit or an anticipation of becoming a rightful owner of angelic good credit? To tell you the truth, I am an experienced possessor of fair credit in the past. And to me it was like riding a rollercoaster. One moment you slowly crawl up and score the cherished points and good credit seems to be within your reach. Then bang! You make a little financial misstep and your credit roller coaster carriage rushes down in a free fall.
Actually, it is not even about how it feels to be a fair credit owner. What really matters is whether this type of credit score … (more) July 11, 2008

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