If you monitor your credit using a free website, chances are you’ve seen your Vantage Score. However, you may not realize that this credit score is not your FICO score.So, what is a Vantage Score in comparison to your FICO Credit Score? Is one better than the other? We’ll compare and contrast the two types … Read moreWhat Is A Vantage Credit Score And How Do You Calculate It?
5 Separate Elements make up your FICO credit score and each of those factors equal a percentage of how your credit score is calculated. Below are the 5 separate elements that your credit score is based off of.
By knowing your rights, you are equipping yourself with the knowledge and power that it takes to remove inaccurate information that your creditors or that 3rd party debt collectors have placed wrongfully on your credit report(s).
While the Fair Credit Reporting Act creates the streamlined process of how to repair your credit, and remove inaccurate, or fraudulent information from your credit reports, the credit repair organizations act regulates the credit repair industry, and serves as the law in which gives you the ability to provide third party authorization usually through a power of attorney for someone else to do the work for you on your behalf.
The Fair Credit Reporting Act otherwise known as the FCRA was brought into law in 1970 alongside the Fair Debt Collection Practices Act (FDCPA) the Fair Credit Reporting act was signed into law with the intention of protecting consumers from willful and or negligent inclusion of inaccurate, fraudulent, and out of date information across their consumer credit reports.
The choice to start the credit repair process can be one that is empowering to yourself but, for as empowering as it may be or may seem further empowering yourself with the truth, tools, and resources in credit education that you need to make informed decisions about which company to go with is crucial to … Read more10 Credit Repair Myths That You Need To Know The Truth About.
A person who needs to repair, or build up their credit, may want to look at signing up for one or more secured credit cards. With this type of card, a person makes a deposit and can then make charges up to that amount. One can charge purchases, and either pay off the balance or … Read moreSecured Credit Cards: 5 Ways to Find Them
For those who are searching for assistance with their less-than-great credit score, credit repair is certainly an option to consider. However, before working with just any company that promises to help improve credit scores and dispute discrepancies on a report, it is important to determine whether or not a particular company is operating within the … Read moreIs Credit Repair Legal?
Many consumers complain that it’s hard to raise your credit score once it’s damaged, but this idea is far from the truth. It does not matter how bad your credit report was in the past because with the right education, you can improve your three-digit number over time. In this article, I will discuss 5 … Read moreCredit Tips and Advice – How to Raise Credit Score