WAS BANK OF AMERICA FORCED TO FORGIVE YOUR HOME EQUITY LOAN? THEY GOT THEIR REVENGE BY DAMAGING YOUR CREDIT!

Bank of America

In 2012, Bank of America reached a $16.65 billion settlement with the United States Department of Justice over its mortgage practices. If you had a home equity line of credit with Bank of America, you may have received a letter … Continue reading

Is your Smartphone stealing your identity?

Masked criminal stealing mobile phone payment information and passwords

Most Americans own a Smartphone.  We use Smartphones for everything from posting to social media to email and mobile banking.  Some of our most personal and private information is accessed and sometimes stored on our Smartphones.  While most Smartphones have … Continue reading

A single charge off is now multiple charge offs and they are killing your credit score.

The credit reporting agencies and lenders, in the last few years, have picked up a new trick designed to hurt you.  They are turning single charge offs into multiple charge offs.  They take a singular charge off and report it … Continue reading

5 things to look for when hiring Credit Repair Company

Credit Report

Credit repair companies have gotten a bum rap from just about everyone from Congress to states attorneys general to Yelp.  The industry has received these black eyes from some bad apples in the bunch, no doubt.  Unfortunately, these few had … Continue reading

Is your credit repair company doing EVERYTHING it can to help you?

You should ask them and find out.  Ever since Experian has been sending out its “suspicious request” response letters, I have been flooded with calls and contacts from credit repair organizations around the country.  I have been telling people that … Continue reading

What Credit Repair Organizations should know about when credit reporting agencies may decline to investigate their dispute letters?

Credit repair organizations (“CROs”) have a pretty bad reputation.  Well, some of them do and it’s enough to really tarnish the entire industry.  Hell, Congress had to step in and create the Credit Repair Organization Act that severely regulated these … Continue reading

Experian is getting slammed with new law suits for refusing to investigate consumer disputes with “Suspicious Request” letters.

If  you have something on your credit report that does not belong to you, the Fair Credit Reporting Act requires you to send a dispute to the credit reporting agency, such as Experian, Equifax and Trans Union (“credit reporting agencies” or … Continue reading

60 Minutes Shocking Report – 1 in 5 Credit Reports are wrong

Couple

Credit reports: we know we need them to buy a home, secure a car loan or get approved for a credit card. We worry about our credit score and how to raise it. But a new government study conducted by … Continue reading

Kmart Fined $3 Million for Violating Consumer Rights under the Fair Credit Reporting Act

Kmart

  The Fair Credit Reporting Act (“FCRA”) is a federal law designed to protect consumers from unfair practices regarding their credit report. A class of more than 60,000 job applicants recently sued Kmart claiming that Kmart did not inform them … Continue reading

Experian debuts a new credit score to help others or off the financial grid

Experian has recently announced that its creating a new credit scoring system to help people who live off the financial grid. These are people who cannot traditionally obtain bank loans. Experian’s new credit scoring system would consider a variety of … Continue reading

Tttttalking about my generation…and credit score

Does your generation decide your debt or credit score? The credit reporting agency Experian has completed a trend study on the four generational age groups regarding debt and credit scores. The results just may surprise you, and prompt you to … Continue reading

One tiny glitch by Experian has caused major credit score drops for many

Experian, a major credit reporting agency experienced a small, but substantial glitch in its reporting system recently, reported MSNBC.com. When reporting the credit history of HSBC credit card holders, Experian apparently reported just the first 2 digits of the credit … Continue reading

Child Identity Theft is on the rise

Its happening more and more. I am seeing some of it too in new clients. A high school kid applies for his or her first credit card and is declined because of too many prior delinquencies on his credit. The … Continue reading

How to Make the Credit Reporting Agencies correct your Credit Report

Your Problem: You have errors on your credit report. Most errors on credit reports are not good ones. Over 80% of credit reports contain errors and most of those are serious enough to depress one’s credit score. Your Solution: Send … Continue reading

Blindly trusting your bank is an avoidable handicap.

I just read Denise Richardson’s book, Give Me Back My Credit, this weekend. You probably never heard of Denise because she is not a professional author; rather she is a working person like the rest of us. She is a … Continue reading

Lenders Need Only One Credit Report, Says Fannie Mae

Mortgage lenders no longer have to pull a second credit report before closing on a loan, according to Fannie Mae. The practice of using two credit reports began in June 2010 with the start of Fannie Mae’s “loan quality initiative.” … Continue reading

Debt Doesn’t Have to Be Forever: Knowing the Statute of Limitations on Debts

Due to a shrinking economy and a lack of jobs, many families are finding that bills they once handled easily are now out of control. Some of these debts land on credit reports, affecting credit scores and pushing down credit … Continue reading

Federal Trade Commission Warns Credit Report Sites

Google “free credit report,” and you’re likely to turn up all kinds of web sites such as credit reporting agencies offering you a look at your credit report and/or credit score. What these agencies may not tell you, however, is … Continue reading

So when is a Firm offer of Credit NOT so firm?

Potential credit grantors get to take a sneak peek at your credit report if they have certain criteria and are ready to make you a “firm offer of credit” under the Fair Credit Reporting Act (“FCRA”). So when you get … Continue reading

Lifelock gets fined by the FTC for lying to the public

By now, everyone has heard the CEO of Lifelock announced his social security on radio and television as he taunts would be identity thieves. Lifelock GUARANTEED that if you signed up with them, that your identity would be impenetrable to … Continue reading

Beware…that trade in can destroy your good credit

An article recently appeared in the Detroit Free Press about a couple who trade in their recreational vehicle with what they thought was a sound dealer. Indeed, Walt Michal’s RV has been around for a long time, dealing in RVs. … Continue reading

  • CONTACT US



    Please leave this field empty.

  • Menu Title