Has this ever happened to you? You and your spouse are eager to buy a car or a home, you jump online to one of the plethora of credit monitoring websites: www.myfico.com www.creditadapter.com www.creditdiagnosis.com www.freescore.com www.privacymatters.com www.truecredit.com www.transunion.com www.equifax.com www.familysecure.com www.freecreditreport.com www.freecreditscore.com www.experian.com www.identitysecure.com www.privacyguard.com www.creditkarma.com You get your credit … [Read more...]
The 6 Simple Steps To Repairing Your Own Credit
So you’ve obtained your free credit report that is allowed to you once per year via www.annualcreditreport.com and discovered that there are serious errors on your credit report. You have scoured the Internet in search for help from companies and law firms who charge a hefty fee to correct your credit. A fee such as $99.00 to start a service on top of $99.00 per month until your credit is corrected (which could take upwards of one year!) So What Do You Do Now? Load up your printer ink and buy … [Read more...]
Dealing With Your Personal Finance Holiday Hangover
Ahhhh the New Year is up on us! 2012 here we come! Now that your Christmas/Hanukkah/Kwanzaa/Winter Solstice gifts are unwrapped, the fruit cake from Aunt June is put away to age for the rest of eternity, you finally have a moment of clarity! Holy crap! I have credit card bills on their way. I have to pay for all of these merry festivities now! Not to fret, we’re here to make some sense of it for you, and to give you some guidance so that you don’t go as crazy as “Cousin Eddie” standing in the … [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...]
Vital Things You Need To Know About Your FICO Score
The Origins of FICOFirst of all, let’s briefly discuss the origins of FICO (Fair Isaac Corporation). Back in 1956 many were introduced to credit scoring by two pioneers in the field: engineer Bill Fair and mathematician Earl Isaac. Over the years, the pair convinced lenders that mathematical formulas could do a better job of predicting whether an applicant would default than even the most experienced loan officers. Thus, the birth of your FICO score.Understand that there are now many different … [Read more...]
