The Big List of Top Secret Speciality Credit Reporting Agencies

When it comes to companies that collect and sell information about you, people generally think there are only three major credit bureaus. In fact there are a number of speciality credit bureaus. You’ll be surprised how many different company collect and maintain information about you. Below you will find a comprehensive listing of these credit … Read more

Debt Collectors and Credit Bureaus to Report to the Consumer Financial Protection Bureau

The CFPB has just announced they will be rolling out new proposed rules that will regulate consumer debt collection and consumer reporting markets. Proposed rules would mark the first time these important markets would be subject to federal supervision. “Our proposed rule would mean that those debt collectors and credit reporting agencies that qualify as … Read more

Jim is Looking to Pay Off His Debt For Half of What He Owes

“Dear Steve, I’m overextended and about to pay off approximately $30,000 in credit card debt and would like to negotiate with credit card companies. If I settle for a smaller amount owed to the credit card company – will this reflect negatively on my credit report?? Jim” Dear Jim, Will it hurt your credit, it … Read more

I’m Living Off My Student Loans and Need to Get Out of Credit Card Debt. – Nancy

“Dear Steve, I am a full time graduate student who works occassionally. Mainly, I live off my student loans. I have 23K in credit card debt and need to get out of it because I don’t have much money to work with. I’m nervous about consolidating my credit cards because I heard that it doesn’t … Read more

I Would Like to Clear Up My Credit A.S.A.P. – Ginger

Ginger “Dear Steve, I have had Identity theft happen to me and I have also messed up my credit. I want to move in July 2009. I would like to clear up my credit a.s.a.p. What are the best solutions to clearing up my credit? Ginger” Dear Ginger, Clearing up your credit is a rather … Read more

Secret Credit Bureaus You Don’t Know About, But They Know About You

So let me tell you a story about secret credit bureaus that you don’t know about. Most of us have some knowledge about the three major credit bureaus that hold our credit report and credit score. The three biggies are Equifax, Experian and Transunion. But there are more places that hold information about you. Have … Read more

Bankruptcy Filers Can Easily Get Better Credit Scores Quickly

When people go bankrupt their finances become a painful chapter in their lives. They avoid credit and shun anything to do with their credit reports or credit scores. And that’s a mistake. Going bankrupt is painful enough but being unfairly penalized for going through bankruptcy is not fair. If you have gone bankrupt in the … Read more

Disjointed Use of Your Credit Score Can Leave You Unemployed or Dead

I’m afraid that your credit score is being used in all the wrong ways for all the wrong reasons. The credit score was originally designed as an easy way for lenders to identify which potential customers would be low risk and high profit acquisitions. Using a credit score to screen new customers allows lenders to … Read more

Mary Lou Writes In And Wants To Know “Why Does My Credit Score Keep Going Down?”

Mary Lou “Dear Steve, My FICO score does not keep going up: 3/99 I filed bankruptcy-it will be 10 years next March and should come off my credit score. I owe $5,400 on one credit card and $7,300 on my car for a total of $12700. In January 2008, I owed over $26000. All bills … Read more