Feb
21
oohhbother asked:
Business SEC Financial Reports are blaming consumer credit tightening brought about by the Bank Failures for layoffs and future profit declines.
JIM
Business SEC Financial Reports are blaming consumer credit tightening brought about by the Bank Failures for layoffs and future profit declines.
JIM
Feb
21
What websites can I use to post a horrible experience with a bank and warn consumers not to do the same?
Filed Under Credit | 9 Comments
shetucksinhershirt asked:
I had a terrible experience with a bank that gives credit cards to people with poor credit, and I’d like to be able to warn other consumers not to be pulled in by their scams. What websites are easy to access for consumer reports? I’m looking for something that doesn’t charge a fee, if possible, and will reach as many people as possible.
BRAD
I had a terrible experience with a bank that gives credit cards to people with poor credit, and I’d like to be able to warn other consumers not to be pulled in by their scams. What websites are easy to access for consumer reports? I’m looking for something that doesn’t charge a fee, if possible, and will reach as many people as possible.
BRAD
Feb
18
Does anyone know of a good consumer lawyer in the Atlanta, Ga area?
Filed Under Other - US Local Businesses | 2 Comments
2legit2quit asked:
Its a long story but a collection agency has put a report in my credit that should not be there. The person who claims i owe money has a contract which is not my signature. i told the collection agency i can prove this but they would not listen so i want to take them to court. Could anyone please recommend a good consumer lawyer that especializes in collection agencies?
GERMAN
Its a long story but a collection agency has put a report in my credit that should not be there. The person who claims i owe money has a contract which is not my signature. i told the collection agency i can prove this but they would not listen so i want to take them to court. Could anyone please recommend a good consumer lawyer that especializes in collection agencies?
GERMAN
Feb
17
Frank Jean asked:
Credit records are the financial resume of an individual. It is of vital importance for all to go through a checking their credit because it may at times become very urgent to need it. The report displays in detail the repayment sample of a consumer towards the lenders to which he owes money. It gives an indication of your borrowing and repaying habits for a particular year which performs as a guide for lenders while verifying the loan application.
Credit report is generally organized by three major credit bureaus- Equifax, Experian, and TransUnion. They all carry out credit reports but in a minor variation. 3 in 1 credit report provides you to have a glance of credit reports from these credit bureaus. In short, 3 in 1 credit report can review your financial reliability.
Credit reports can be made accessible online. Free online credit report takes in a complete synopsis of your personal information. It includes your name, your residential addresses, contact number, Social Security number, month and year of birth as well as your employment information. It also comprises of information about any bankruptcy in your credit report. The financial institution to which you belong may occasionally get hold of your credit report in an attempt to keep up your up to date records. To avail 3 in 1 Credit Report you can go for online way to get the report instantly.
There is a large variety of credit report such as business credit report, consumer credit report, yearly credit report, etc. At first, there was strict exclusion on revelation of instant credit report but at this time, any person can submit an application for his or her credit report. Many online lenders and retailers who offer credit facilities wholly depend on credit report and tally to give credit to their customers.
ISRAEL
Credit records are the financial resume of an individual. It is of vital importance for all to go through a checking their credit because it may at times become very urgent to need it. The report displays in detail the repayment sample of a consumer towards the lenders to which he owes money. It gives an indication of your borrowing and repaying habits for a particular year which performs as a guide for lenders while verifying the loan application.
Credit report is generally organized by three major credit bureaus- Equifax, Experian, and TransUnion. They all carry out credit reports but in a minor variation. 3 in 1 credit report provides you to have a glance of credit reports from these credit bureaus. In short, 3 in 1 credit report can review your financial reliability.
Credit reports can be made accessible online. Free online credit report takes in a complete synopsis of your personal information. It includes your name, your residential addresses, contact number, Social Security number, month and year of birth as well as your employment information. It also comprises of information about any bankruptcy in your credit report. The financial institution to which you belong may occasionally get hold of your credit report in an attempt to keep up your up to date records. To avail 3 in 1 Credit Report you can go for online way to get the report instantly.
There is a large variety of credit report such as business credit report, consumer credit report, yearly credit report, etc. At first, there was strict exclusion on revelation of instant credit report but at this time, any person can submit an application for his or her credit report. Many online lenders and retailers who offer credit facilities wholly depend on credit report and tally to give credit to their customers.
ISRAEL
Feb
14
Credit Report
Filed Under Finance | Leave a Comment
Mike Clover asked:
What is in a credit report? A credit report is a snapshot of your current obligations to creditors. These creditors include credit card companies, mortgage companies, banks, and retail stores. Lenders are permitted by law to check your credit report and review it in order to determine whether or not to grant credit to you. In order to build a credit report all you have to do is establish credit in the form of a bank loan, credit card account, car loan, mortgage, or studen loan. Information on your credit report comes directly from your history with accounts you currently have outstanding loans with. Whether you pay your obligations on time or not, lenders will report that information to the credit bureaus. There are four categories.
1. Your personal information: Your credit report identifies you will the following information.
” Your name
” Social Security number
” Current address ” Previous address
” Birth date
” Current employer and previous employers
” Phone number
2. Your credit history: Your credit history will show your payment history with current lenders such as:
” Credit Card companies
” Mortgage companies
” Retail stores
” Finance companies
3. Inquiries: This is where lenders are finance companies have requested your credit report. The rule of thumb is the less inquiries the better.
4. Public Records: Your credit report lists any obligations that may affect your credit including the following:
” Judgments
” Tax Liens
” Bankruptcies
Credit Reports are now available to any organization that is trying to grant you credit, or a company considering hiring you. Your personal credit report is so important during this day and age that you need to have a current copy to see what they are seeing. Even landlords are pulling credit in order to grant you permission to rent from them. With all this in mind, it is highly recommended that you have recent copy of your credit report, so that you are aware whats being reported in regards to your personal credit history. Most of the companies that provide credit reports, dont understand credit, they just sell you a credit report.There are also websites that offer a credit report for Free but fail to mention that you will not get a free credit score. Make sure when you obtain a copy of your credit report it comes with all 3 reports and score. It makes no sense to get copy of your credit report without your scores since creditors look heavily at your credit scores. Remember “your Credit is your Life.”
RICH
What is in a credit report? A credit report is a snapshot of your current obligations to creditors. These creditors include credit card companies, mortgage companies, banks, and retail stores. Lenders are permitted by law to check your credit report and review it in order to determine whether or not to grant credit to you. In order to build a credit report all you have to do is establish credit in the form of a bank loan, credit card account, car loan, mortgage, or studen loan. Information on your credit report comes directly from your history with accounts you currently have outstanding loans with. Whether you pay your obligations on time or not, lenders will report that information to the credit bureaus. There are four categories.
1. Your personal information: Your credit report identifies you will the following information.
” Your name
” Social Security number
” Current address ” Previous address
” Birth date
” Current employer and previous employers
” Phone number
2. Your credit history: Your credit history will show your payment history with current lenders such as:
” Credit Card companies
” Mortgage companies
” Retail stores
” Finance companies
3. Inquiries: This is where lenders are finance companies have requested your credit report. The rule of thumb is the less inquiries the better.
4. Public Records: Your credit report lists any obligations that may affect your credit including the following:
” Judgments
” Tax Liens
” Bankruptcies
Credit Reports are now available to any organization that is trying to grant you credit, or a company considering hiring you. Your personal credit report is so important during this day and age that you need to have a current copy to see what they are seeing. Even landlords are pulling credit in order to grant you permission to rent from them. With all this in mind, it is highly recommended that you have recent copy of your credit report, so that you are aware whats being reported in regards to your personal credit history. Most of the companies that provide credit reports, dont understand credit, they just sell you a credit report.There are also websites that offer a credit report for Free but fail to mention that you will not get a free credit score. Make sure when you obtain a copy of your credit report it comes with all 3 reports and score. It makes no sense to get copy of your credit report without your scores since creditors look heavily at your credit scores. Remember “your Credit is your Life.”
RICH
Feb
14
Credit Report Repair
Filed Under Credit | Leave a Comment
Chane Steiner asked:
Credit report repair is commonly referred to as the process of disputing negative items in a credit report. Under the Fair Credit Reporting Act, consumers have the right to request an investigation with the credit bureaus for any item on their credit report. The credit bureaus and the original furnisher of the information must investigate the claim within 30 days and report their results back to consumers.
It’s important to point out that the credit bureaus are for-profit organizations and possess no government affiliation. They profit off the sale of your private information and from selling your information to you. Only after the Federal Trade Commission came up with a set of regulations passed in 2003 were consumers able to receive one free credit report a year.
The FCRA also had to regulate how long negative information, such as late payments, bankruptcies, tax liens or judgments may stay on a consumer’s credit report. It’s typically seven years from the date of the delinquency. The exceptions: bankruptcies (10 years) and tax liens (seven years from the time they are paid). Unpaid tax liens can remain for up to 15 years. Although, 7 to 10 years is a long time to stay on a report, the credit bureaus would report it for much longer, if not forever, if it weren’t for the FTC stepping in.
When a consumer makes a dispute with the credit bureaus, the credit bureaus do not interact with information providers (typically creditors) directly. They use a system called E-Oscar. E-Oscar is an automated consumer dispute verification process. The credit bureaus demand that everyone who provides information to them be on this system. If you don’t get on the system, you CAN NOT provide information to a credit bureau.
The E-Oscar system allows credit grantors to resolve disputes in a timely manner; however the results are commonly inaccurate. In fact, a study by the U.S. Public Interest Research Group found that 79% of all credit reports contained errors. With E-Oscar the credit bureaus NEVER send the original creditor the information you provide them. Instead, an employee scans your letter along with hundreds of others.
The employee is given a very short amount of time to figure out what you are trying to dispute and then gives your dispute a code. It is then verified with E-Oscar. Any documentation that you sent which proves the information is erroneous or any information that you provided simply gets filed away, incase you should sue them. It’s rarely ever even looked at.
Under § 602 of the Act, (15 U.S.C. § 1681), a consumer may seek a maximum of $1000 in statutory damages, plus actual damages, punitive damages and reasonable attorney’s fees and costs for willful noncompliance with the FCRA. Any consumer may file suit in state or federal court to enforce the FCRA. Consumer lawsuits against credit bureaus are becoming more and more common and most of the time the consumer wins. Unfortunately, a lawsuit is what it takes to get issues solved with the credit bureaus.
RAMON
Credit report repair is commonly referred to as the process of disputing negative items in a credit report. Under the Fair Credit Reporting Act, consumers have the right to request an investigation with the credit bureaus for any item on their credit report. The credit bureaus and the original furnisher of the information must investigate the claim within 30 days and report their results back to consumers.
It’s important to point out that the credit bureaus are for-profit organizations and possess no government affiliation. They profit off the sale of your private information and from selling your information to you. Only after the Federal Trade Commission came up with a set of regulations passed in 2003 were consumers able to receive one free credit report a year.
The FCRA also had to regulate how long negative information, such as late payments, bankruptcies, tax liens or judgments may stay on a consumer’s credit report. It’s typically seven years from the date of the delinquency. The exceptions: bankruptcies (10 years) and tax liens (seven years from the time they are paid). Unpaid tax liens can remain for up to 15 years. Although, 7 to 10 years is a long time to stay on a report, the credit bureaus would report it for much longer, if not forever, if it weren’t for the FTC stepping in.
When a consumer makes a dispute with the credit bureaus, the credit bureaus do not interact with information providers (typically creditors) directly. They use a system called E-Oscar. E-Oscar is an automated consumer dispute verification process. The credit bureaus demand that everyone who provides information to them be on this system. If you don’t get on the system, you CAN NOT provide information to a credit bureau.
The E-Oscar system allows credit grantors to resolve disputes in a timely manner; however the results are commonly inaccurate. In fact, a study by the U.S. Public Interest Research Group found that 79% of all credit reports contained errors. With E-Oscar the credit bureaus NEVER send the original creditor the information you provide them. Instead, an employee scans your letter along with hundreds of others.
The employee is given a very short amount of time to figure out what you are trying to dispute and then gives your dispute a code. It is then verified with E-Oscar. Any documentation that you sent which proves the information is erroneous or any information that you provided simply gets filed away, incase you should sue them. It’s rarely ever even looked at.
Under § 602 of the Act, (15 U.S.C. § 1681), a consumer may seek a maximum of $1000 in statutory damages, plus actual damages, punitive damages and reasonable attorney’s fees and costs for willful noncompliance with the FCRA. Any consumer may file suit in state or federal court to enforce the FCRA. Consumer lawsuits against credit bureaus are becoming more and more common and most of the time the consumer wins. Unfortunately, a lawsuit is what it takes to get issues solved with the credit bureaus.
RAMON
Feb
6
DaDar asked:
not to individual consumer
but to landlords or other businesses…
ELOY
not to individual consumer
but to landlords or other businesses…
ELOY