Archive for April, 2010

For anyone who has a Credit One Bank card. Have you signed up for the Credit Score tracking?

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K wants to know:

It says its free is it really?? Whats the catch Credit One Bank seems kind of shady so i assuming theres a catch somewhere, heres their terms of use:

Important Information:

Credit One Bank does not prepare your credit score, and has no responsibility for its accuracy or for the accuracy of any of the information upon which your credit score is based (except for items we may have reported). Your credit score is provided to us by Experian (a credit reporting agency). If you believe your credit report is incomplete or contains inaccurate information, you should contact Experian directly at 1-866-673-0141 or visit www.experian.com/disputes/ to correct the information.

Credit Score Availability:

Please allow up to 60 days for us to initially retrieve your credit score. Thereafter, your credit score will be available on a monthly basis. On occasion, system constraints may prevent your score from being updated in a timely manner.

Use of Your Credit Score:

Your credit score is provided to you solely to help you understand your credit standing. It may not be used for any other purpose, and may not be shared with any other party. Credit One Bank is providing this service as an added benefit to cardholders. This service is subject to change or cancellation without notice.

Credit Score Authorization:

At the time you submitted your application for credit, you provided Credit One Bank with your authorization for us to obtain and use your credit information to make credit decisions. By indicating your acceptance below and enrolling in this program, you are authorizing us to obtain and provide your credit score and information related to your credit score to you online each month. You may withdraw your authorization at any time upon written notice to us (see the general correspondence address located on the Contact Us page).

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Does using my corporate credit card (which is in my name) help my credit score or show up in my credit report?

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curiousPig wants to know:

I have no major credit cards now because of a low credit score (which is partially due to an error that is in the process of being fixed). As I was reading through my experian credit report it said that the fact that I have no major credit cards NEGATIVELY affects my credit score. However, about 5 days ago, at my new job, I was given a corporate mastercard with a 10,000 credit limit. This card is in my name. I am wondering if this card will now show up on my credit report. All answers appreciated!!!

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Where can I find my credit score?

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Timothy W wants to know:

I dont want to use freecreditreport.com/experian because I used them previously and they charged me. i have paid off two debts and I basically want to know if my credit score went up a lot or not much at all.

How much should certain ‘potentially negative items’ lower your credit score?

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Paul D wants to know:

I accumulated a small (~$300) hospital debt one summer when living in Houston. Upon leaving, I forgot to forward my mail *kicking myself*. Although I paid every bill they sent me while there, apparently one came after I left for $46. I was totally unaware of this $46 debt until much later, at which point it was being handled by a collection agency. I paid the bill immediately, and the telephone collection agency operator told me it would not go on my credit since I had paid it immediately. …3 years later… I realize my Experian score is *61* points lower than my Equifax or Transunion, and this $46 dollar collection account is the only potentially negative item I have.

In all, it seems unreasonable that my score plummets so severely for such a small collection. Maybe I just don’t understand how these things are calculated.

Sorry for the long post, and thanks in advance for your help.

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about credit score?

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rache0116 wants to know:

i found out my credit score when i went to the annualcreditreport.com and paid a fee to look at my score with Experian. however, when i went into experian.com website my credit scorer was totally different! it was a 47 difference! why is that? i checked it the same day…. please help//..

Credit Report Repair In Houston

If you have decided to purchase a new home or a new car, or finance an education, you are probably going to need a loan. As part of the loan approval process, lenders perform a credit check to assess their risk when lending you money. Unfortunately, many people are dejected when their loan is denied. That is why Houston credit report repair and credit report repair in other parts of the country has become big business.

Young and Free…And Irresponsible?

When most of us were young, credit report repair was not part of life’s equation. In the beginning, a small apartment away from Mom and Dad seemed like paradise. For the first time, we were independent. It did not matter if the carpet was worn, the walls needed a fresh coat of paint, or the appliances were antiquated. Freedom was realized. Life was good.

And what about college? College is a consideration in the future of many young adults. But after twelve years of school, a break from the books seems wonderful. Working at a fast food restaurant pays the bills and there is plenty of time to consider education for a better job in a big city like Houston. Credit report repair is the last thing to think about when enjoying the perks of being an adult for the first time.

In addition, why worry about credit report repair in Houston or any other city when a second or third-hand car the folks purchased for a graduation present still has a few good miles left? There’s simply no worrying about the bills when you are young and free.

A Few Years Later…

Real life has a tendency to demand an accounting. A few years of ignoring the bills or paying late and, before you know it, you need credit report repair in Houston. But you may not know it just yet.

Maybe you are thinking renting is no longer for you. Why give the landlord a big portion of each paycheck, when owning a home is an investment in the future? Flipping burgers is not such a great job anymore either. Why didn’t you go to college so you could get a better job?

So you start looking at little bungalows and reading college brochures. Your future is looking rosy again until the real estate agent or Fannie Mae runs your credit and tells you it is ruined. How did this happen? More than ever, you need credit report repair to get your life back on track.

Real Credit Report Repair Really Works

Credit report repair in Houston, or anywhere else in the country is obviously going to be necessary. It may be too late to realize dreams of going to college, buying a house, or getting a car loan, at least in the near future. While you were busy ignoring your bills and enjoying your independence, bad credit was sneaking up on you. And just like weight gain, it is easy to build bad credit, but not so easy to get rid of it.

If you are in need of Houston credit report repair, you should know it can take up to seven years to achieve a clean slate. For most people, that seems like a lifetime, especially when you need that loan today.

However, you do have a few options to help improve your chances of getting a loan in the future. First, request a free credit report online. Although it is not as detailed as the document the lender pays to receive, it will give some idea as to the reason a loan request is refused. You may be surprised to see what is on your credit report.

The second step to credit report repair in Houston is to verify the information on the report. For example, although a previous bill has been paid in full, the documentation from the lender may be incorrect. Then, it is incumbent upon you to track the payments, provide the necessary paperwork, and eradicated the bad debt from the report. Additionally, any unpaid debt older than seven years must be removed from your report. All three main credit bureaus- Equifax, TransUnion and Experian- provide the necessary forms to dispute items on your report. In fact, the entire transaction can be easily and quickly handled online.

Unfortunately, time is the best solution. To initiate credit report repair in Houston or elsewhere, begin today by making sure all current bills are paid on time in full. If credit cards are an issue, pay them in total as soon as possible. In the meantime, pay whatever monthly amount is requested. Paying the minimum on a credit card bill won’t pay the bill down very quickly, but at least you paid what was required and, for now, that is your best option.

In short, credit report repair in Houston and across the United States is possible. Bad credit does not have to haunt you for a lifetime. Keep a good credit standing from the beginning, but if that doesn’t happen, follow these steps to get your credit back where it should be.

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