IS THE CREDIT SCORE YOU BOUGHT THE SAME CREDIT SCORE SOLD TO LENDERS?

Does the credit score you purchased differ from the credit score provided to creditors?  The Consumer Financial Protection Bureau (CFPB) says yes!  According to a CFPB study, 20% of the scores sold to consumers have a meaningful difference in score with the credit score sold to lenders.  The CFPB also concluded the difference in score may … Continue reading IS THE CREDIT SCORE YOU BOUGHT THE SAME CREDIT SCORE SOLD TO LENDERS?

HOW DO I DISPUTE CREDIT REPORT ERRORS?

The most frequent question I receive is - How do I dispute credit report errors?    The answer may not be what you think it is.  Most consumers think that they should dispute the inaccurate item to the company providing the incorrect information to Equifax, Experian or Trans Union, but that is not the best practice. … Continue reading HOW DO I DISPUTE CREDIT REPORT ERRORS?

OFAC ALERT – HAVE YOU APPLIED FOR CREDIT AND BEEN DENIED?

Have you applied for credit and been denied because your credit report had a OFAC alert?  Keep reading....An OFAC alert is an alert given to your potential creditors (landlords, car dealers, credit card companies) when your name matches a name on the Treasury Department's Office of Foreign Assets Control (OFAC) watch list.  The persons named on the OFAC list are … Continue reading OFAC ALERT – HAVE YOU APPLIED FOR CREDIT AND BEEN DENIED?

HOW DO I IMPROVE MY CREDIT REPORT IN 2012?

How do you improve your credit report?  You can improve your credit report – easily and almost for free!  Whether you are applying for credit, a job or insurance, your credit report can mean you get the job or you stay at the house!  Here are 3 easy tips to improve your credit report and … Continue reading HOW DO I IMPROVE MY CREDIT REPORT IN 2012?

SHOULD I BUY ID THEFT MONITORING?

Should you purchase identity theft monitoring?  I am often asked by consumers if they should purchase an identity theft monitoring membership after they have discovered unauthorized charges, credit report errors or received a data breach notification letter.  The answer is may surprise you.  Generally, it is not necessary to purchase an identity theft monitoring membership … Continue reading SHOULD I BUY ID THEFT MONITORING?

ALABAMA RANKS NO. 15 FOR ID THEFT

The Federal Trade Commission ranked Alabama No. 15 IN 2010 last year.  In 2009, Alabama ranked 17.  The FTC maintains a database called the Consumer Sentinel Network and lists identity theft and fraud complaints. The FTC received 3,339 identity theft complaints from residents of Alabama last year. What state scored number 1 in the complaints … Continue reading ALABAMA RANKS NO. 15 FOR ID THEFT

EMORY DATA BREACH NOTIFICATION LETTERS GOING OUT TO VICTIMS

Over 7,000 patients who received treatment at Emory may be at risk for identity theft.  Thousands of patients personal identifying information is now in the hands of law enforcement after executing a search warrant on a suspected identity theft ring.   FULL STORY. Have you received a breach notification letter from Emory?  If you have, … Continue reading EMORY DATA BREACH NOTIFICATION LETTERS GOING OUT TO VICTIMS

HOW LONG DOES A TAX LIEN STAY ON MY CREDIT REPORT?

The length of time that a tax lien may stay on your credit report depends on the payment status of the lien.  Paid (or satisfied) tax liens may not be reported more than 7 years after the date of payment.  15 U.S.C. 1681c(a)(3).  Tax liens that are un-paid may be reported for more than 7 … Continue reading HOW LONG DOES A TAX LIEN STAY ON MY CREDIT REPORT?

HOW DO I GET A LOW INTEREST RATE?

Everyone wants to get the lowest possible mortgage rate -- so how do you go about getting it? 1.  Have Good credit The first thing is you need to have good credit -- that's a no brainer. The higher your credit score, the less interest you'll have to pay. One thing to remember about credit … Continue reading HOW DO I GET A LOW INTEREST RATE?

WHAT IS TWEAKING?

What is tweaking? Sure, I've seen Dog the Bounty Hunter and heard Beth talking about the "ice heads" tweaking, but that is not what I am talking about here. Tweaking, when it comes to credit report errors and disputes, is identity manipulation. Tweaking is also identity fraud.  Tweakers manipulate their real personal identifying information in … Continue reading WHAT IS TWEAKING?