Maxine Sweet, Vice President of Public Education for Experian, explains the importance of protecting your financial information and preventing identity theft and credit fraud. For more information, visit: http://www.experian.com/credit-education/credit-information.html
Duration : 0:1:16
Do you know what is on your credit report? One of the first signs of identity theft is false information or mistakes on your credit report. Get a free copy of your credit report from AnnualCreditReport.com from each of the three credit reporting bureaus once a year. Check your credit report for accuracy, and look for suspicious information that can suggest identity theft. Consider using a credit monitoring service to protect yourself against identity theft. This will help keep an eye on your credit history all the time, rather than only once a year by pulling your credit report from AnnualCreditReport.com.
Duration : 0:1:41
http://www.CreditRepairPublishing.com
Credit Repair Companies: Can They Improve Credit Score Better Than You?
Do you believe an Attorney who can earn $250 an hour will actually work on your credit report for $49 a month?
Or, do you think the whole process is automated and boiler plate letters are spit out on their behalf?
For $49 a month do you feel they are going to “drag out” the process to make more money? Or, do you feel they just want to help the masses by making it affordable?
Will they disclose what they are actually doing? Show you the letters they are sending? Will they dispute with more than one bureau at a time per a month?
Are they just sending dumb letters over and over claiming the account is not yours? Or, are they actually doing factual disputes against the items on your credit report.
Are they going to go over each detail of your report and the EXACT errors on each item? Or, are they just going to shotgun dispute everything and anything that is negative on your free credit report?
Lexington Law is well known for doing credit repair and some people swear by them… but others have complaints. Why so many complaints? Complaints on www.scam.com and www.ripoffreport.com ?
Some people are happy and others are not. Other credit repair lawyers and law firms like www.OvationLaw.com and www.CreditAttorney.com use the clout of being a law firm to make consumers feel more attracted to them.
In reality, you don’t need an attorney to provide you with credit help or legal credit repair. What you need is someone who knows what they are doing in the field of credit restoration. This can be your or someone else.
Be careful. It’s jungle out there.
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Duration : 0:9:58
How to obtain your free credit report from the three big credit bureaus. Be aware that many offers for “free credit reports” are not free. Most offers require you to sign up for additional services in order to obtain your “free” credit report. They then require you to cancel those additional services in order not to be billed on a recurring monthly basis. If you saw an ad on TV for a free credit report, think about how a big budget ad campaign could possibly offer FreeCreditReports. They can not.
It is important to monitor your credit reports to make sure that there are no signs of identity theft. You should be looking for any lines of credit (credit cards, bank accounts, second mortgages) opened in your name which you did not sign up for.
Visit http://www.www.IdentityTheft.info for more information about safeguarding yourself and your family.
Duration : 0:3:45
Your credit score is an integral half of your money life. It’s important that you just understand what it’s all about. Lenders, landlords, insurers, utility corporations and even employers look at your credit score. It is derived from what is in your credit reports, and it ranges between 300 and 850. Yet, consistent with a survey that was recently conducted, nearly half of all Americans do not grasp how these scores are derived or even what factors are used to come up with them. As an example, if your credit score is five hundred eighty you’re most likely visiting pay nearly 3 proportion points additional in mortgage interest than somebody who had a score of seven hundred twenty. Or another means of looking at it, if you had a one hundred fifty thousand dollars thirty-year mounted-rate mortgage and your credit score was sensible enough to qualify for the simplest rate, your monthly payments would be about eigth hundred ninety dollars. This is in step with Fair Isaac, the corporate that created the FICO score and who the speed is named afte (Honest Isaac COrporation). If your credit is poor, however, it’s very seemingly that you’d have to pay more than one dollar,two hundred a month for that terribly same loan. With therefore a ton of depending on the credit score, its necessary to understand what it is all regarding and what are the things that have an result on it. Unfortunately, people commonly have a heap of misinformation and misunderstandings about their credit score. Here are 5 of the foremost common credit score myths and along with it the true facts: MYTH one: The main bureaus use completely different formulas for calculating your credit score. FACT: The 3 major credit bureaus – Equifax, TransUnion and Experian — give the score a completely different name. Equifax calls their score the “Beacon” credit score, Transunion calls it “Empirica” and Experian offers it the name “Experian/Honest Isaac Risk Model.” All of them use completely different names for the credit score, however all of them use the same formula to return up with it. The explanation that the credit score you receive from every bureau is different is as a result of the data in your file that they base the score on is different. For example,the records that one bureau is using may return a longer period of time, or a previous lender might have shared its information with solely one among the bureaus and not the opposite two. Typically the scores don’t seem to be too way from each other. Unless there’s a huge difference between what each bureau says is your credit score, many lenders will simply use the one in the middle for the aim of analyzing your application. So, for that reason alone it is a sensible idea to correct any errors that exist in every of the 3 major credit bureaus. MYTH 2: Paying off your debts is all you wish to attempt and do to instantly repair your credit score. Learn more…
Duration : 0:2:33
A proactive way to prevent identity theft is to freeze your credit file with the three credit reporting bureaus, Equifax, TransUnion and Experian. Freezing your credit file means no one can open a new account. It does not close your exisitng lines of credit, but it means that no one can open a new credit account or line of credit. If you’re young and trying to open lines of credit to establish your credit history you probably don’t want to freeze your credit file. However, seniors who don’t need to open more lines of credit and maybe have paid off their mortgage can consider freezing their credit to prevent possible identity theft. Also, consider freezing your credit if you think your personal information was compromised and you’re at risk for identity theft.
Duration : 0:1:59
Do you need a credit monitoring service? You can pull your credit report once a year for free from each of the three credit reporting bureaus from AnnualCreditReport.com, but you might want to monitor your credit more frequently. If you feel that you are at risk for identity theft, your personal information has been compromised, or you just want to keep an eye on your credit score, you might want to use a credit monitoring service. With a credit monitoring service you should be able to see your credit report and credit score, be notified when any changes occur, and depending on the service, freeze and unfreeze your credit file.
Duration : 0:1:34
http://www.CreditRepairPublishing.com
info from the Credit Secrets Bible
CREDIT REPAIR FACTS and FALLACIES: 6 Ways to Separate Fact From Fiction!
Credit bureaus like experian, equifax and trans union are not government agencies. They are privately held for profit companies….
So many consumers freak out about their credit report and the credit bureaus. It’s the like the credit boogeyman is chasing them in a bad credit dream (or credit nightmare).
So much information is conflicting it’s easy to get confused. Most banks and credit bureaus like trans union, equifax and experian would love you to believe that the only thing that can repair your credit report is time.
Laughs….
How about all the errors and inaccurate information? Can that only improve or heal over time as well?
let’s face it. You’re worth more to the credit bureaus and banks with bad credit then good. You’re worth more with a low credit score than a high credit score. So, is it any surprise the system is slanted and almost all the errors are in the favor of the banks and credit bureaus like experian, equifax and trans union?
Hmmmm….
Can 100% accurate information be removed from your credit reports? Actually, contrary to popular belief, it can. Nothing prohibits a credit furnisher of information (FOI) from removing accurate information from a credit report.
Even if it is negative or derogatory. Remember, credit bureaus are really in the business of selling information.
It just happens to be that negative information is more profitable than positive (wait a minute. That sounds like the news). Anyway…
Even if you’re a “good citizen” you have to understand that each bureau has it’s own sources and methods for calculating your credit score. It does not all come down to a company called Fair Isaac, FICO or www.myfico.com in Minneapolis Minnesota.
Different credit bureaus generate different consumer credit scores. Sorry. We don’t make the rules. We just help you learn how to play the game better.
And no matter what anyone says, credit repair is not INSTANT and guaranteed (even if Johnny Cochrane comes back from the dead and becomes your personal credit attorney).
The credit system is really unpredictable and part of the process is a random roll of the dice. In the end, it is persistence and experience that makes the difference.
A good credit restoration company will do a better job that you ever could on your own but it will not happen for $49 a month. To do it right it will cost much more.
Credit restoration can be done on your own and every situation is different. Whether you choose to do it on your own or hire a company that fact is that it is better to do something than nothing.
Unfortunately, most people are doing nothing (at least right now anyway). Don’t make this mistake. The time to invest in your credit is NOT when you need it, but 1 to 2 years BEFORE you need it.
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Duration : 0:9:59
Maxine Sweet, Vice President of Public Education for Experian, describes what a credit report is and what it contains. For more information, visit: http://www.experian.com/credit-education/credit-information.html
Duration : 0:0:59
Three easy steps to a stellar score that will get you the best rates.