Credit Repair Tip #3 – Improperly Paying a Collection

This is an all to Common Credit Repair Mistake It might seem logical that if you pay your bills in collection, your scores will increase. BUT FROM A CREDIT PERSPECTIVE, PAYING A BILL THAT HAS BEEN TURNED OVER FOR COLLECTION MAY BE MORE DAMAGING THAN IGNORING IT. […]

Pen vs. Pin

Pen vs. Pin When you use a Debit Card should you say Credit and sign or Debit and use your PIN number? Pen: Signature transactions go through a major credit card network and guarantee that you will not be liable if you report fraudulent activity. PIN: These transactions do not offer additional liability protection, and [...]

By | March 8th, 2011|Misc|0 Comments

Credit Repair Tip #5 – Not Opting Out

Credit Repair and OptingOut Experian, Equifax and Transunion are multi-million dollar companies. Consumers may only think of them as credit reporting agencies, but they are much more. The major credit reporting agencies not only store massive amounts of information about your credit habits, they also gather and sell your personal credit information to potential banks, lenders, credit card companies, insurance companies, landlords and even employers. […]

By | June 20th, 2010|Credit Repair|1 Comment

Credit Repair Tip: Not Building or Maintaining Positive Credit

Credit Repair and Positive Credit If you have never had to use credit before, BRAVO! Of course, it’s best to pay cash for the things you need so that you don’t have to worry about credit card payments, loan payments or interest rates. But the chance of you needing credit in the future is very real. Someday you might want to buy a house. Perhaps you’ll want to buy a new car. […]

Quick Tip: Original Creditors

When in the process of Credit Repair, if the original creditor has no records of the account your disputing, a particular negative account that may be hurting your credit reports and credit scores, call or write the Credit Bureau's back and tell them that original creditor has no records of the account. Next request that [...]

Facts & Fallacies of Credit Repair

There is lot of information available about credit repair, but so much of it is conflicting, it’s easy to get confused. The credit bureaus themselves would like consumers to believe that there is nothing they can do to improve their credit ratings. There are unscrupulous credit repair companies that guarantee miraculous, instant jumps in credit scores… and then there are legitimate credit repair agencies that provide services that give consumers realistic and reasonable results. Please know Credit repair is done properly is valuable. […]