Much of the information on this website has been about informing consumers how their credit history is used by the credit bureaus and the untold numbers of companies they sell it to. When people apply for something as weighty as a mortgage, most would think the information they provide their loan officers/brokers is confidential […] (more…)
Despite new laws, increased media coverage and consumer awareness, identity theft appears to be more a of threat than ever. More stringent FTC regulations and higher penalties still fail to stem the increasing exposure consumers experience with every new security breach.
The recent $10 million ChoicePoint settlement with the FTC for 160,000 individual’s […] (more…)
A credit inquiry is an item on a credit report that shows a business with a “permissible
purpose” (as defined under the federal Fair Credit Reporting Act) has previously requested
a copy of the report.
When you check your credit report, you may notice that a number of credit inquiries
have been made, sometimes from businesses that you don?t know. But the only inquiries
that cou (more…)
As a consumer you’ve learned the importance of establishing a good credit rating with
your lenders. Whether you are shopping for a new home or auto, or searching for the
best deals on insurance, your credit worthiness will be judged by your credit rating
or credit score.
A bad credit history or bad credit habits will place “black marks” on your credit
profile. These include th (more…)
