Consumer Credit Reports – equifax experian score

Kettu asked:


The government is close to being done spending $700 billion dollars trying to rescue America ’s various other countries banks and financial markets. They spent that money in various ways, reworking their strategy every few days trying to stimulate the economy. The government now owns stakes in the countries biggest national and regional banks, in the hope that they will turn a profit once the ‘credit crisis’ is over. Now, the auto industry is asking for money from the bailout with the intention of actually helping working people. How much has the government helped working Americans with their bailout? I don’t think anyone, not even Hank Paulson can tell you.

Here is a proposal. One for the people, one for the economy, and it could even be possible for the banks to benefit. What if the government forgave its student loans through 2009? What are the possible benefits from this? Working Americans would have more money to invest, take out home loans, pay back home loans, buy a car, buy in general, and put into savings.

A few months ago, the government gave a great deal of Americans $300-$600 which increased consumer spending for about two months. With forgiving government student loans, many Americans could be saving that much every few months. Those savings could be then invested in a home and car loans or paying back loans already taken out. Those that do not take out a new loan or have other loans to repay would have more money to buy consumer and material goods. Other options for the money that these Americans would save could be invested in the markets or even put into savings. Both of those options would add liquidity to the market.

This would not be a quick fix to the market or the consumers, but would infact provide longer term benefits then the economic stimulous package did. The Americans that would benefit the from this package would be the same ones the credit crisis is effecting the most. Why should the government be giving the rich or the irresponsible more money? Why not give back to the Americans who worked hard to get a better job and be able to afford a better life? And if the goverment is planning on spending $2 TRILLION dollars more (as Bloomberg reports), wouldn’t this be a much better use of our money?

Please think about this. Tell me what you think of my idea or how you would tweak?

I’m not talking about all student loans, just the government student loans. All private loans would remain as they are.
1. Yes I do have loans, very little of which is government loans.
2. It is much harder today to get a good paying job without a college education.
3. How is that government dependence? It would be a one time thing. Forgiving all up through 2009.
4. Good job, but my father who worked 80hrs a week manual labor didn’t have so much luxury to pay cash, note we also didn’t have debt.
5. Why shouldn’t everyone have the right to a cheaper if not free college education?

Don

flyers_girl74 asked:


*example: Date of last activity 12/2001 – current status Pays as agreed; Closed at consumer’s request.
OR
Date of last activity:11/2002 – current status Pays as agreed; Account paid – zero balance – account refinanced

I just got my credit report, it’s not the worst score in the world, but it could use some tweaking. I read something in a book that stated:”…One reason our credit score was so low was that there was alot of outdated information… Accounts had been closed…”
I understand that anything over 7 years should drop off, but the book wasn’t specific about if they were talking about just the negatives that need to go or the positives too? Would it be to my benefit to leave the positives, or request to have them deleted? ??? I know it sounds like a no-brainer; and that I should leave the paid in full stuff, but this whole credit thing seems backwards to me sometimes, you know, like it is better to have one revolving line of credit, etc…

Thanks in advance!
* I closed all my credit cards a few years ago. Now the only thing I have with a “logo” is my check card.

Alice

Gary Gresham asked:




Every consumer in America has the right to a free credit report once every year by law as of September 2005. But since that law has passed there has been nothing but confusion.

The web sites that say they are offering this so called free credit report, are asking us to give them our credit card information. Does that sound like a free credit report to you?

You may have even given your credit card number to these companies to sign up for a thirty day trial for a credit service that has almost nothing to do with getting your free credit report.

In all fairness, you can cancel this service after thirty days. But how many people do you think forget and end up with monthly or even annual credit card charges?

In fact, these companies are counting on you forgetting about the thirty day trial and charging that fee on your credit card. But if the law says you get a free report, what’s the deal?

A lot of people are confused about these free credit reports because of how some companies are marketing the free credit report. Hopefully, this information will clear a few things up for you.

For people who just want the bottom line, a free credit report is available at http://www.AnnualCreditReport.com and this is the only official site that helps consumers to obtain their annual free credit report.

This site’s security protocols are excellent with physical and technological security and encryption. That’s important for identity theft purposes because the information on your credit report should be seen by your eyes only.

So if this site is readily available and anyone can get a free credit report once a year, what’s the catch? Here is the catch: the credit report you get from http://www.AnnualCreditReport.com does not have any credit scores.

Now you may be asking, “Then what good is getting this free credit report without a credit score?” There are a few good reasons why you may want to look at your credit report even without a credit score.

Did you know that more than forty percent of all credit reports have errors? If you spot these errors, you can get them cleared up before it affects your credit score. If you contact a credit bureau about an error, they have to clear it up or remove it after thirty days by law.

If you monitor and review your credit report, you can check to be sure that you are not a victim of identity theft. If someone takes over your accounts and charges up thousands of dollars in debt, they can destroy your credit score in a matter of hours.

These are just a couple of good reasons why you want to get your free credit report once a year and inspect it just to be sure everything looks like it should. You can get your free credit report online at http://www.AnnualCreditReport.com or by phone or through the mail.

So where do you get your credit score from? This is where the confusion comes in and here is the answer. The law Congress passed did not say anything about a credit score just one free credit report a year per consumer.

You have to pay a service to get your credit score and some companies are confusing people with the way they are marketing this. They offer you a free credit report and score and many consumers believe it’s their annual free credit report.

But if you have to sign up for a credit service they offer for a 30 day trial period, does that sound free? What these companies are counting on is you forgetting about the 30 day trial and charging a fee on your credit card once that trial period is over.

It’s in the fine print, but how many people actually read that. So here is a good common sense rule of thumb. Any time you have to give your credit card information, ask yourself, “is this really free?”

Many of you probably know this is happening because you have been trapped with this kind of marketing tactic. But for those of you that just want your annual free credit report, you can at least be aware as to what is really going on and have a no nonsense way to get it.

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