Back when life was much simpler, when credit was in the form of a firm handshake and the person’s word that they will repay the loan, the terms FICO (Fair Isaac Corporation), CROA (Credit Repair Organizations Act), FCRA (Fair Credit Reporting Act), among others, would have seemed like a foreign language. All anyone needed to do to “fix” their credit or to gain credit in those days was to “appear” credit worthy. In the early days of credit, a person’s credit worthiness was determined by the … [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...]
