Consumer Credit Reports – equifax experian score

claify asked:


I have a collection showing up on my credit report that was just posted for services I may or may not have received two years ago by a hospital. Problem is I never received a bill from the hospital, but I recently applied for a Parent Plus loan for my son’s college tuition and was denied because a collection agency provided this information to the Experian. I never received anything from the hospital or the collection agency. If I had received a bill I certainly would have contacted the hospital or the agency to validate it. But nothing, never received a bill. How can I get this off my credit report?

Chris

Chane Steiner asked:




In terms of collection agencies, NCO Financial is considered as one of the largest collection agencies in the world, and one of the most searched for terms on the net when it comes to debt collectors. This is probably because most consumers would like to remove them from their credit reports; hence, this write-up is all about How to Remove NCO Financial from Your Credit Report.

Collection agencies like NCO Financial Services, more often than not, hurt your credit score through their collection account report, and prevent you from being extended the loan you badly need to enable you to make improvements in your life. Browsing through the net will reveal information about the unsavory industry practices of such collection agencies, with complaints coming from many sectors about dishonest employees and unlawful collection tactics.

A lot of ads are coming out on television and radio of companies that offer services to remove bad credit from your credit reports. These are mostly legit companies who have helped thousands remove collection accounts like NCO Financial from credit reports.

Some measures are needed to be done to remove collections from your credit report. Most widely-used and often the most effective is to dispute any “questionable” entries in your account with the credit bureaus, which is provided for by law. Any doubts you have about the accuracy of any details in your report can be disputed with the credit bureaus.

Under the FDCPA, the debtor is given the right to make a company prove that he owes them by writing a debt validation request. This is another strategy to remove collection from credit report. Another option is to negotiate to pay the debt, usually in full, with the agreement that the account be removed from the credit report. Although not as popular as disputing a report, these two techniques are quite effective in the removal of debts from the report.

Shannon

Gagandeep Dhaliwal asked:




Nowadays, with the increase in consumer debt the consumer credit services have also gained huge importance. A credit counseling company provides advice on money, that how you can make best use of your money and general budgeting tips.

Such companies can discuss the matter with your creditors so that they will extend the time period of your loans or eliminate late fees. Credit counseling companies can also suggest plans for debt repayment or schemes for debt olidation.

After checking your finances or debt loads, a credit counseling company makes plan for repayment to pay-off your debts. People take loans from different companies, which create a lot of problems. You cannot consolidate your loan with the help of a credit counseling service but stop creditors to knocking at your door.

You also have to pay a program deposit or startup fee to a consumer credit counselor. You also make sure that the fee charged is in consonance with the rules set by the State. The credit-counseling agency will collect the monthly amount for making payment to your creditors along with their monthly fees. The consumer services agency will be responsible for disbursing your monthly payments to your creditors.

Such services are also available online. You can also find different credit counseling services through Internet and apply by clicking on it.

Rafael

LIl L asked:


this is the letter:

This letter is in response to your recent request to open a Bill Me Later® account. Our records show that you requested a Bill Me Later account on 09/27/2008 in connection with a purchase of $727.30 at TigerDirect.com.

We regret that we are unable to approve you for the service at this time for the following reasons:

We were unable to verify information provided by you on your application for Bill Me Later.

Our decision was based in whole or in part on information from the consumer-reporting agency listed below. The reporting agency played no part in our decision not to approve you for the service beyond providing us with credit information about you. Therefore, the reporting agency cannot supply information about this decision. Under the Fair Credit Reporting Act, you have the right to know the information provided to us. You can obtain a copy of the information provided by contacting:

Equifax Credit Information Services, Inc.
PO Box 740241
Atlanta, GA 30374
1(800)685-1111

You also have the right to a free copy of the information provided by the consumer-reporting agency as long as you request the copy within 60 days of your receipt date of this notice. In addition, if you find any information contained in the report you receive is inaccurate or incomplete, you have the right to dispute the matter with the reporting agency.

Thank you.

Sincerely,

CIT Bank, Salt Lake City, Utah

i know i didn’t get approved but why? i can’t understand the letter, it doesn’t really tell me anything. i have good credit as i only used it once and every payment was on time. i can purchase things online with my debit card so my information is correct. i don’t see what the problem is. do i have to use different information as my debit card information. my drivers license information? where is the information they’re trying to verify?

Mitchell

DR loanseeker asked:


I recently prequalified for a home loan and i was surprised to learn that my credit scores (from Experian, Trans, and Equifax) my lender retrieved was way lower than what freecreditreport.com gave me. The loan officer told me that when creditors get reports the scores are usually lower than what consumers get. Is this true?

Harvey

Michelle asked:


I just looked at my credit report and saw that one of my Visa cards was closed without my permission. It had a pretty low credit line and has been paid off for quite some time, but I kept it open to increase my debt to available credit ratio. Is this legal and will it have any adverse affects on my credit score?

JESUS

Thomas Morva asked:




A recent amendment to the federal Fair Credit Reporting Act (FCRA) obligates the three nationwide consumer credit reporting companies – Equifax, Experian and Trans Union – to provide a free credit report to any consumer who requests it.

The importance of a credit report cannot be ignored. An accurate report can help you obtain loans for major purchases, or even help you rent an apartment. All this, and more, becomes difficult if you have negative errors in your report.

A negative report can prove to be an obstacle if you are job hunting. This is because most employers will go through your credit history before offering employment. If you are actually employed, then a negative report can reduce your chances for further promotion. And, what if the end of it you realize that these errors were because of no fault of yours and that they could have been sorted out in the first place. You can avoid this situation by ordering a free credit report.

Once you get it, make sure the information provided in it is correct. This means that you must verify that your personal details such as your name, address, date of birth, and also the name of your current employer are correct. When this is done, do a check on your financial status. This is because your report will also contain information of your bank accounts, loans, credit payments. In other words, your credit card is also in a way your financial statement on which your future transactions will depend.

If you find any discrepancies, file a report in writing, with any one of the consumer reporting companies, for action. Apart from providing you with the opportunity to verify your accounts and check your credit score, these reports also provide a listing of the companies who have made enquiries on your reports.

These consumer reporting companies sell this information to bankers, creditors, insurers, employers and other business houses. It is imperative to order a free copy to ensure that there are no inaccuracies or errors in your report.

Jamie

Michael Killian asked:


Would FREE copies your credit report be of interest? If you are committed to repairing your credit or simply want to know what is on your credit report, I have good news for you. A free copy of your credit report is available to every consumer annually. This article discusses the free report as well as repairing your credit report once you have your credit file on hand.

Colorado, Georgia, Maine, Massachusetts, Maryland, New Jersey and Vermont always had a right to one free report per bureau each year. But now this same benefit is available in every state – one FREE credit report from each of the three major national credit bureaus every 12 months.

Additionally, consumers may be entitled to a free report under certain other conditions, such as having been denied credit, insurance or a job within the past 60 days. You’re also entitled to a free report if you think your report is inaccurate due to fraud.

But under the new law, Equifax, Experian and TransUnion have an online site where you can get a free report at Annual Credit Report. There is also a toll-free phone number: 877-322-8228. Finally you can write to P.O. Box 105281, Atlanta, GA 30348-5281. Yahoo News suggests: “If you do use the postal address, it’s best to print and mail in a completed online request form. You can’t get your report unless you answer questions on the form.” There is also information available through Federal Trade Commission.

You can purchase additional reports and/or a credit score by contacting one of the consumer credit reporting companies.

Equifax

Experian

TransUnion

You can also purchase a credit score when you request your free annual credit report through Annual Credit Report (referenced above.)

You might want to note that each bureau offers credit ID fraud called safeguard services, but for fees. For example TransUnion offers “ID Fraud Watch”. For $10.95 each quarter, you get a credit report every three months and $25,000 of identity theft insurance.

Once you have your report, what do you look for?

Here are some basic things you should check on your report. Go through your entire report entry by entry. Have the credit agency legend by your side in order to verify coding compliance. Have also a paper and pencil to annotate any item you find in error. Go slowly.

Don’t assume your personal information is correct. You could be viewing information from someone else’s report with just a simple error such as: first name misspelled, missing Jr./Sr., erroneous address, bad zip code, wrong employer, or any other incorrect personal data.

Insure marital information is correct. Are accounts listed as “joint” really joint?

Is the report in compliance with court settlements? Outdated information is normally considered to be any item older than 7 years except for bankruptcy, which is usually 10 years.

Closed accounts should not be listed as open. Accounts you closed should reflect, “Closed by consumer”. Otherwise it can be assumed that it was closed by the creditor– not good.

Accounts should not appear twice even in different sections.

Incorrect histories such as late payments, a credit entry you do not recognize, a pre-marital debt of your current spouse, or other such items need your attention.

Are there missing reports that would be beneficial to show a good history, and are profiles, credit limits, and balances correct?

A former correction to your credit file that has since disappeared should be brought to the agency’s attention.

_________________________________

Final Comments: I am often asked if a collection company sells your account to another collection agency, can you get the first one deleted from your report or will it just show as a zero balance

Reporting depends on who owns the account there are several directions this can take:

If the original creditor still owns the account but assigns the debt to a collection company then both get to report on that account listing.

If the original creditor retracts the collection and re-assigns it to a new collection agency then both original creditor and the 2nd collection agency can report but the first one must remove their listing off of the credit report.

If the original creditor sells the debt to a collection agency then the creditor will report zero balance / sold to another lender, and the collection agency will report.

If that collection agency assigns a debt to another collection agency then it is allowable for both to report the account listing, but if they take back that account then that assigned collection agency must remove their reporting.

Now if that collection agency sells the debt to another collection agency they get to keep their reporting on the report since they owned the account at one time, and the new collection agency picks up on the reporting.

Therefore, the difference is if your account is “assigned” or “sold”.

Readers will probably be interested to know Mike, the author of this article, also offers a free debt elimination mini-course via e-mail. You can enroll at Debt Free In 7.5 Years.



FELIPE

jay asked:


I’m just an ordinary guy who likes to go out 10 or 15 times a week. My friends say the high number of women I date means I have a problem with intimacy. I disagree. During sex, it never takes me more than three attempts to scream out the correct name. I believe in treating women with dignity and respect. Whether it’s exchanging smiles in a checkout line or dry humping under the stars behind a nightclub dumpster, my dates always leave with their self-esteem and underwear intact.
I’m like a good aftershave lotion; once you’ve met me you’ll never get me out of your head. I’m also a man of many contradictions. Though I’ve been known to cast fate into the wind (ask me about the time I addressed our section chairwoman as “your holiness”), I understand the need for rules and regulations within a society. What kind of world would it be if we didn’t park our cars in our assigned spaces? I’m not afraid to want it all: a low maintenance girl with whom to share low maintenance fees. I imagine our first date would begin as the security guard lets you drive through the gate. It would end with us gazing into each other’s eyes while sipping sangria in the community hot tub.
I’m a spontaneous person who loves to squeeze the life out of everything. I work hard and I play hard. Give me a company credit card and five minutes to pack, and I’m ready for adventure.
My motto is: one date at a time. Being in love means never having to explain why everybody in the restaurant keeps referring to me by another name. I also believe that love is a many splendid thing, whether it’s in a darkened booth at an Outback Steakhouse or in the back seat of a Toyota Corolla. Above all, I’d like to meet someone who likes me for who I say I am and not who she thinks I am.
Ideal Person:
I’d like to meet a woman who isn’t obsessed with material things like money, cars, boats, last-known address, DNA samples, and birth certificates. You should be interested in getting to know the real me, and not whether I have any kids or how come I’m never available on holidays. You should also understand that selling polygraph machines requires irregular hours, sometimes in hotel rooms that rent by the hour. If you’d like to get together, send me an e-mail and we can arrange a time, place, and password.
I want to meet a woman who is willing to make a long-term commitment. Right now, I have openings for saturday, dec 8th, 2007 from 7-8 P.M. and friday, dec 14, 2007 from 9-11 P.M. I like to do a variety of things, but I’m guessing the evening will end either on my couch, in your bedroom, or in a public restroom stall. I’ll be more than happy to pay for the evening, but if I’m unemployed at the time, donations can be made to my PayPal account.
I’m seeking a woman who doesn’t have preconceived notions about men/women relationships. You don’t care if you can bench-press twice as much of me. You don’t feel threatened because I can sense your aura within a three-mile radius. You desire lovemaking that is tender (because of my overly sensitive skin) and gentle (because of my delicate bone structure). Be open to my expressions of affection rather than ignore my phone calls. Understand that I care and am not trying to “suffocate” you. Most of all, know that it hurts my feelings when you move and leave no forwarding address.
It may sound shallow but looks do matter. I’m not saying you have to look a specific way, but I’ve dated a lot of uglies and it just never works out. You don’t have to be a Victoria’s Secret model, but at least be good-looking enough to model for “Consumer Reports.” I’d like to meet a woman who could challenge me intellectually. Maybe not a female Einstein, but you should be able to talk about a variety of subjects like football, soap dishes, or what beer goes best with tortilla chips.

Wendy

Ken S asked:




Hello everyone!

Credit report monitoring is defined as the constant watch over your credit report and history in order to detect any suspicious activity or change in your credit file. It detects identity theft and other credit related fraud. Credit monitoring services are a great option if you want to keep a close eye on your credit report. Having been a victim of both identity fraud and credit card theft, I use another option called identity monitoring. I wish I had this service before the crimes. According to the U.S. Federal Trade Commission, it takes an average of 12 months for a victim of identity theft to notice. It took me eight. An identity monitoring service will alert you of inquiries for credit as well as changes in your credit report to aid you in stopping the theft before actual damage occurs.

You can monitor your own credit, making sure your record represents you fairly and accurately, by regularly ordering and reviewing your consumer credit reports from the three major reporting agencies. You can request a report from each of the three reporting bureaus (Equifax, Experian, and Transunion) at the same time or at different times. The advantage of reviewing the three reports at once is that you can get a complete picture of your consumer credit report history. The disadvantage is that it is a one-shot deal and you do not have the advantage of an ongoing review. There is a better way to monitor your credit yourself.

Under a new Federal law, you have the right to receive a free copy of your credit report once every 12 months from each of the three nationwide consumer reporting companies. (To request your free report under that law, go to http://www.annualcreditreport.com.) This is a great option if you want to monitor the accuracy of your consumer credit reports throughout the year for free. Just request your report from one bureau initially, then follow up with another bureau’s report four months later, and the third four months after that. Each time, if you find errors, no matter how small, be sure you get them fixed right away. Even if you find the suspicious activity on just one report, make sure that you contact all three credit bureaus to ensure they make any necessary changes. You should receive amended reports within a week after the changes take effect.

A third option is to use an identity monitoring service. This service monitors the information related to your identity, and notifies you right away of any suspicious or seemingly fraudulent activity. It allows you to correct any errors associated with your identity without having to suffer the consequences of finding out months after the theft has occurred. Though you may not be able to prevent a theft from occurring, a timely notification system can help you can avoid any losses by helping you get quick resolution. The average identity theft costs the victim over $5,000 and takes over 400 hours to resolve if it is not detected quickly.

Whether you decide to use a credit monitoring service, self-monitor your credit report, or use an identity monitoring service, a pro-active stance is the best defense against identity theft.

- Ken S.

LowRateSearch.com

blog.lowratesearch.com

Lillian