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Tag Archives: credit report

How Do I Deal With This Old Debt from the Collection Agency? – Tai

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“Dear Steve, A collection agency is reporting that I opened a credit card in 2011. I was actually totally unable to get credit by 2011 because in graduate school I became unemployed and had some serious financial problems. I think this is a debt from 2004. Is there anything I can do about this? Thanks in advance. I am trying ... Read More »

I Filed Bankruptcy and Creditors Are Still Reporting Delinquent Debts. – Nancy

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“Dear Steve, I have a question with regards to bankruptcy and negative reporting by creditors. I filed for bankruptcy on 4/1/13 and the Bankruptcy Automatic Stay kept creditors from collection efforts. The bankruptcy was discharged on 7/31/13 which then reverted the automatic stay to a permanent discharge. From what I understand, creditors cannot collect on the discharged debts, as well ... Read More »

Can the Creditor and Collection Agency Both Show the Same Account On My Credit Report? – John

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“Dear Steve, Have settlement letter from collection company and will complete the last payment in Oct. The original creditor continues to show the remaining balance of debt and reduces it with each payment that I make to the collection company .The collection company is also making monthly reports that I have the debt but no balance. Is it legal for ... Read More »

We Have Some Items On Our Credit Report We Want Removed – Lisha

No problem

“Dear Steve, We started to have troubles making payments. Did Bankruptcy. Trouble again and we re-fied our house not once or twice about 4! Took a 2nd out… Around and around sprial…. husband lost his job. Lost house. Moved out of state and did Bankruptcy AGAIN! It was bad decision after bad. And it was all in thinking we were ... Read More »

Ways to Build Credit Without Relying Solely on Credit Cards

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For those who prefer to pay with cash and avoid the credit card debt cycle altogether, building a solid credit history and high FICO score can be a challenge – but it doesn’t have to be. Only a small portion of your FICO score is based on having and using revolving credit. The first step is to understand what goes ... Read More »

I Have an Old Credit Card on My Credit Report. Will It Go Away? – Julie

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“Dear Steve, There is a credit card debt on my credit report that is more than 10 years old. I can’t get any questions answered or removed from my credit report. I’m in California. How long is the debt collectable? What is the statute of limitation on collecting the debt? What can I do to get it removed? Julie” Don’t ... Read More »

How Do I Take Care of The Two Old Debts on My Credit Report? – Alexandra

help woman

“Dear Steve, I used to have a Chase Credit Card for $500. I haven’t used it since 2008 and because of some problems and no money at that time couldn’t afford to pay it out ($331). Now I got stuck with this credit card reporting each month on my Credit history as a collection. Also I have a medical Collection ... Read More »

Credit Reports Screwed Up. Anyone Surprised?

"Credit rating" handwritten with white chalk on a blackboard

A Federal Trade Commission study of the U.S. credit reporting industry found that five percent of consumers had errors on one of their three major credit reports that could lead to them paying more for products such as auto loans and insurance. Overall, the congressionally mandated study on credit report accuracy found that one in five consumers had an error ... Read More »

How Do I Deal With My Old Debt I Owe? – Sarah

"Credit rating" handwritten with white chalk on a blackboard

“Dear Steve, I am looking to improve my credit score which is around 600 now. I currently have a judgement against me that I am working to settle on, but I have credit card and medical debt that is also hurting my credit. Some of my debt is over 7 years old, and I am going to write the credit ... Read More »

Credit Report Infographic Gives Picture of Credit Health

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A great inforgraphic from Direct Lending Solutions gives an interesting picture of credit health in America. If you look towards the bottom of the infographic you’ll see there is no clear connection between credit scores and bankruptcy filing rates. Also, above that is a graphic that shows the wave of credit account closures in the past three years. Get Out ... Read More »

Scammers Stealing Credit Reports Using Stolen Credit Cards and Debit Cards

It seems crooks today are becoming more productivity conscious and leveraging one stolen credit or debit card into an entirely new enterprise. Scammers are targeting the motherlode of information, your credit report. By purchasing your credit report online scammers are getting access to a comprehensive report about all of your current and past credit activity. Using that information they could ... Read More »

Should I Wait For Stuff to Fall Off My Credit Report or File Bankruptcy? – Dawn

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“Dear Steve, I finished grad school in December of 2009 with heavy debt, student loans and credit cards. I have been un/underemployed ever since, and unable to pay my bills. My student loans are currently in unemployment deferment (I’m unemployed again), and in good standing, as is one of my credit accounts (my overdraft, which they take out of my ... Read More »

Credit Reports, Credit History, and Credit Scores in Hiring and Job Performance. Is It Even Fair?

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You hear all the time how credit history can impact your ability to get a job. In the debt relief world debt settlement and credit counseling companies claim bankruptcy prevents people from getting jobs and that’s why people need to use their services instead. But what is reality and what is the negative impact of alternative interventions like debt settlement ... Read More »

Is It Illegal for a Creditor and Collector to Report The Same Account? – Josh

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“Dear Steve, Is it illegal for both a creditor and a collector to report the exact same account? I have several old credit cards that show charged off and then a duplicate of that account by a collection agency. Isn’t that double and even triple punishment for the same account? My credit score goes lower whenever the same account is ... Read More »

Will My Husband Be Able to Check My Spending Habits on the Credit Report? – Rae

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My husband and I are seperated (Not legally)and he is having to do a credit report due to some possible identity theft. Last night he made a comment to me saying that since he is running his credit report he will be able to look into my spending habits. Check on my credit card use. I don’t want this! Will ... Read More »

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