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Tag Archives: credit report

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 »

        Credit Scoring is a Scam and a Fraud

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        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

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            “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” The Answer Hello Sherri, The debt can stay on the report for between 7 and 7.5 years unless you ... Read More »

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

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                “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” The Answer Dear Tracey, This is a fairly easy ... Read More »

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

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                  “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

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                    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 »

                      SteveSavers – Group Discounts to Save Big Bucks on Debt and Credit Help

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                      Today I’m announcing a new free service of the GetOutOfDebt.org site, SteveSaver’s. So what is a SteveSaverTM you are probably asking? There are a number of areas that people spend money on credit and debt issues. They spend money on credit counseling, credit reports, credit scores, debt settlement services, etc. So I thought, let’s bring group saving discounts offers to ... Read More »

                        I Paid My Debt to the Debt Collection Agency and Then They Closed. – Nick

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                        I paid a debt to a debt collection agency and a month later the closed shop without notice. My credit report still shows the debt and they can not be reached by phone or mail. I tried to settle it in civil court but the judge says that if they can not be contacted then there is nothing the court ... Read More »

                          Use of Credit History in Hiring is Another Form of Unfair Discrimination

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                          From the title alone some readers might have a visceral response that this article is going to be another liberal rant about the need for bigger government and more regulation. It’s not, so keep reading. There is no understanding of how many employers use credit histories in their hiring process. Consumers are afraid of the background check and employers are ... Read More »

                            Teresa Writes In “I Have Too Many Credit Cards”

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                            Teresa “Dear Steve, I have too many credit cards. Where do I start to get rid of them? Teresa” The Answer   Dear Teresa, Credit cards don’t magically appear in our wallets or purses. They appear because we have done something or participated in some process to agree to these credit instruments. The first step to get rid of your ... Read More »

                              Off to College: How to Use Credit Cards and Not Get in Over Your Head

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                              Let’s face it: when it comes to getting credit, most students have it easy these days. Most college students do get credit cards — and plenty of them if they want. According to a recent study for the Education Resources Institute and the Institute for Higher Education Policy, many college students have credit cards and some of them got their ... Read More »

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