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Tag Archives: credit report

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


      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

          Ready to Collapse

          “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?

            Screen Shot 2012-05-18 at 10.20.08 AM

            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

              Ready to Collapse

              “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

                Ready to Collapse

                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 »

                  Credit Scoring is a Scam and a Fraud


                  I was just sitting here and noticed that someone searched for “credit scoring is a scam and a fraud.” Kind of an interesting search. Frankly I never thought of it like that. But that reality is that point of view isn’t all that far off. You see the impression people have about a credit score isn’t so much a fraud ... Read More »

                    True Cradle Robbers – Stealing Credit From The Cradle

                    It’s often not a parent’s first thought to check the credit report of their minor child, however, it may now become a necessity. Not because a child may fraudulently be using credit without their parents’ knowledge but because scammers may have stolen their unused Social Security number and identity. The Better Business Bureau (BBB) put out a warning last week ... Read More »

                      Creditor Keeps Reporting I Owe a Balance on My Credit Reports When I Paid It Off. – Mard

                      Ready to Collapse

                      “Dear Steve, I had a total of debts that equal about $5000.00 I paid them all within 1 week which most were in collections,but to make a long story short they took off the balance that I owed on the debts after they were paid and i have all the paper work and documents showing proof that they were paid.About ... Read More »

                        Why Does My Old Debt Still Show on My Credit Report? – Sherri

                        “Dear Damon, old debt get sent in over and over. same debt with a couple added dollars. when does this debt come off of report? is it seven years from the first time reported? how to get it off? thanks Sherri” Hello Sherri, The debt can stay on the report for between 7 and 7.5 years unless you are successfully ... Read More »

                          How Do I Get Duplicate Accounts Off My Credit Report? – Tracey

                          Ready to Collapse

                          “Dear Steve, i’ve been paying off my old debts and monitoring my credit report. i’ve noticed that the orginal debtor and the collections agency are both on the reports. it looks as if i have more debt than i do. is there anything i can do about the duplicate reports? Tracey” Dear Tracey, This is a fairly easy matter to ... Read More »

                            We’d Like to File for Bankruptcy But Don’t Know Who We Owe. – Melissa

                            Ready to Collapse

                            “Dear Steve, My husband and I would like to file for backruptcy. it is to the point that we can not get a credit card, bank account. we would like to be able to rent an apartment of our own wth our 3 children. right now we are struggling to make ends meet but we are trying our best but ... Read More »

                              Bank Errors Taint Credit Reports and Lower Credit Scores

                              Ready to Collapse

                              by Marian Wang, ProPublica, We’ve pointed out cases in which banks’ miscommunication and disorganization have caused mistaken foreclosures [1], but as several recent [2] reports [3] have noted, that’s not the only way in which bank mistakes have affected homeowners. Some consumers have been surprised to see damage to their credit score after requesting information from the banks. One Nevada ... Read More »

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