Credit Score & Credit Repair – Page 33

admin July 29, 2014 1099-c, debt settlement

What To Do When You Get a 1099-C For An Old Debt

By Gerri Detweiller.Earlier this year, questions poured in from readers grappling with how to deal with 1099-Cs they received from lenders reporting “canceled” or “forgiven” debt. I wrote a number of stories addressing the issues they raised, and vowed not to touch the topic again until next tax season.But the questions kept coming in.One kept nagging at me: What should you do if you get a 1099-C for a very old debt? Though I had written one story already on that subject, the fact that I couldn’t provide readers with a clearer solution bothered me.Take Dave, for example. He told us that in 1997 he was in an auto accident. He was out of work for eight months and could not pay his auto

Credit Score & Credit Repair

admin October 11, 2013 equifax, transunion

The Credit Bureaus "Rise to Power"

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Credit Score & Credit Repair

admin August 7, 2013 equifax lawsuit

Jury Awards $18.6M For Equifax Credit Report Mix-up

Great Article – Equifax deserves this! http://abcnews.go.com/Business/equifax-loses-186-million-lawsuit/story?id=19803421&goback={7dabfd103aa443fce219eea47f0f346a11a54ce587a1a0cbb74f06b9f7a304ca}2Eanb_3709769_*2_*1_*1_*1_*1_*1Next Article:How Student Loan Debt Factors Into your Credit Score: Visit the Credit Restoration Associates Website Back to the CRA blog homepage:Credit Repair Va:CRA Resources:Credit Repair:About CRA:Good Articles: The Credit Score That You See is NOT the Same as Lenders SeeFCRA Lawsuits Way up. Why?

Credit Score & Credit Repair

admin July 23, 2013 Credit Repair, Credit Scores

How Student Loan Debt Factors into Your FICO® Score

By Tom QuinnThis year’s summer break may be a bit more stressful if you are a college student who plans on taking out subsidized federal student loans to help pay for upcoming tuition. Unless Congress takes action this summer to restore lower rates, new student loans will have interest rates twice what they were in the spring semester (3.4 percent to 6.8 percent). You don’t need to be a math major to know this is not good news.This difference in interest rates will increase the total amount of money you end up investing in your education. And it will likely impact a lot of US consumers.With education costs rapidly outpacing inflation, more students and their parents are taking out student loans to pay for education. Based

Credit Score & Credit Repair

admin March 7, 2013

How Employment Credit Checks Keep Qualified Applicants From Getting the Job

by Amy TraubToday, it is common for employers to look at job applicants’ personal credit history before making a hiring decision. According to a survey of human resources professionals, nearly half of employers check an employee’s credit history when hiring for some or all positions.1 The practice is hardly limited to high-level management positions: even a brief look at a popular job listing website reveals that employers require credit checks for jobs as diverse as doing maintenance work, offering telephone tech support, assisting in an office, working as a delivery driver, selling insurance, laboring as a home care aide, supervising a stockroom and serving frozen yogurt.2 Some employers also conduct credit checks on existing employees, often when they are considering a promotion. Executive Summary (PDF)Employment Credit

Credit Score & Credit Repair

admin December 26, 2012 debt settlement, fdcpa

Debt Collection Complaints Rise

WASHINGTON, Dec, 20(UPI) — The U.S. Federal Trade Commission said complaints about aggressive debt collectors had jumped 73 percent since 2008, a symptom of a sluggish economy.“We’ve seen a high level of complaints, and I think some of it is collectors realizing in hard times they may have to press that much harder to get someone to pay,” the agency’s chief debt collection lawyer Tom Pahl said.“And a lot of them are pressing,” he said.The agency handled 180,928 complaints about debt collection agencies in 2011, making it the No. 1 industry it terms of complaints filed, the Los Angeles Times reported Monday.Roughly half of the complaints concern abusive phone calls. But complaints also involve legal tactics undertaken by debt collectors. Many of those complains involve

Credit Score & Credit Repair

admin October 8, 2012 Credit Scores, revenue score

The Credit Score That You See – NOT The Same As Lenders See

The credit score you receive may be much higher or lower than the one a lender uses when deciding whether to give you a mortgage, credit card or auto loan, a new government report finds.One out of five consumers is likely to receive a score that is “meaningfully” different from the score used by a lender to make a credit decision, according to study from the Consumer Financial Protection Bureau that analyzed 200,000 credit files from the three major credit bureaus, TransUnion, Equifax and Experian.As a result, many of these consumers receive either better or worse terms on mortgages, credit cards, auto loans and other credit products.”This study highlights the complexities consumers face in the credit scoring market,” said CFPB Director Richard Cordray in

Credit Score & Credit Repair

admin August 20, 2012 Credit Repair, Credit Scores

Disputing Credit Report Information, What Happens to my FICO Scores During The Dispute?

By John Ulzheimer President of Consumer Education at SmartCredit.com,I recently received this question from a consumer regarding a rumor they heard about how disputing credit information impacts their FICO credit scores…“I’ve read on the Internet that when someone disputes information on their credit reports their credit scores will improve because the disputed item no longer counts in their scores. Is that true”As you’ve probably figured out by now, there’s a enormous amount of information about credit scores floating around on the Internet. Some of it is accurate, a lot of it is not. This consumer’s question is actually a good one because there is variable treatment of credit information when it’s being disputed. But, it’s not as simple as saying, “no, it doesn’t count in

Credit Score & Credit Repair

admin July 30, 2012 bankruptcy, defaulted loan

The Worst Loan That You Can Default On Is…..

I think we’d all agree that the past few years have been tough on tens of millions active credit consumers. Foreclosures continue to be a huge problem, we’re now in $800 million of credit card debt, and our student loan debt just crossed the $1 trillion mark. This means it’s likely that loan defaults will increase over the next year.I’m writing this for the consumers who find themselves in one of those difficult places where you have to decide which bills you’re going to pay each month. You can’t afford to pay all of them, but you can afford to pay some of them.Now, who’s getting your money? Before you answer the question there are a variety of things to consider.Which default is the

Credit Score & Credit Repair

admin May 31, 2012 Consumer Ally

Can Bad Credit Ruin Your Job Search?

Have you ever applied for a job and wondered if your bad credit would affect the outcome? Pre-employment credit checks aren’t that uncommon these days. According to a survey released by the Society for Human Resource Management in 2010, 13 percent of the companies surveyed check the credit reports of all candidates and 47 percent check some candidates.Should you be worried if you have a poor credit history? Employment-related credit checks are legal in most states, but there are limits to what employers can see and how they can use your credit information. Here’s what you need to know about credit reports and your job search.Contrary to popular belief, employers can only see your credit report not your credit score. Credit reporting agencies do not provide

Credit Score & Credit Repair

admin April 25, 2012 tax liens

How Tax Liens Affect Your Credit Score

Tax day 2012 has come and gone. If you’ve already gotten your tax refund, then congratulations! And if you had to write a check, hopefully it wasn’t too painful. For those of you who blew off your taxes or decided to play games with your returns, I’d like to introduce you to the phrase: tax lien.A tax lien protects the government’s (either state or Federal) right to claim your property if you don’t pay your tax obligations. A lien can be attached to your money or your property. When the IRS or your state’s tax authority files a lien against you they do so as a public record. This means anyone, including credit bureaus, can see the lien.All three of the major credit reporting agencies (Equifax,