When I was 19 I had horrible credit. I had trouble renting an apartment and later buying a house. Flash forward just a few years later. I was buying a car and the salesman said, "Did you realize that you are in the top 3% of credit scores?" How did things change for me so drastically? Let me tell you my secrets. Improving your score is very possible. Like proper sun, good soil and the right amount of water for a dying plant, you will need patience and discipline for your credit score. Own … [Read more...]
Get The Facts On FACTA (Fair and Accurate Credit Transactions Act)
On December 4, 2003, President George W. Bush signed into law as an amendment to the Fair Credit Reporting Act; the Fair and Accurate Credit Transactions Act (FACTA). This law is specifically designed to prevent fraud and identity theft which is the fastest growing financial crime today. The law sets new guidelines on how merchants print receipts, on how lending institutions process and protect your personal and financial information. It provides means and remedies for fraud and identity theft … [Read more...]
How to Improve your Credit Score For Free
Everyday, companies target people who have poor credit histories with promises to clean up their credit reports so they can get a car loan, a home mortgage, insurance, or even a job – after paying a fee for the service. The truth is that no one can remove accurate negative information from your credit report. It's illegal. What You Need To Know When negative information in your report is accurate, only the passage of time can assure that it will be removed. A consumer reporting company can … [Read more...]
