Myth #25: If I Get A Copy Of My Credit Report, It Will Lower My Credit Score
Fact: Your credit score is NOT affected when you get a copy of your credit report for your personal use
TOP 3 THINGS
You Can Do Right Now to Raise Your Credit Score
Myth #24: If I get one bureau to remove an item from my credit report, all the other bureaus will automatically remove it too.
Fact: The bureaus are independent companies. They do not work with each other for deletion of items.
Have You Been a Vi...
Myth #22: Raise your Credit Score by Adding a "Consumer Statement"
Fact: Adding a "Consumer Statement" has no affect on your credit score
If you do not agree with the reporting details of a creditor account on your credit report, you can add a "Cons...
Debit vs. Credit
Is there Really a Difference?
Plastic, plastic, plastic...with a VISA or Master Card logo, aren't they really all the same? Absolutely not! Credit cards and debit cards can be used in the same way with most merchants; however they a...
Myth -- The More Money You Make, The Higher Your Credit Score
Fact -- The money you make has no impact on your credit score. Credit scoring models do not take your income or wages as a factor in your credit scores. You are not to be discriminated based...
Fact: Credit profiles are never merged
Credit, credit reports and credit scores usually are not the first things couples are concerned about when they decide to get married. However, it's always a good idea to discuss your past credit history beforehan...
RSVP today for your FREE VIP SEAT - http://credibootcamp.eventbrite.com
Have you registered for my complimentary Credit Strategies "Credit Boot Camp
for Consumers" this Saturday, August 27? There are still a few seats left.
Did you know, CNN estimates ...
Myth #14 "Credit Reporting Agencies Are Part of the U. S. Government"
Reality: Credit Reporting Agencies such as Trans Union, Experian & Equifax are "for-profit" businesses and possess no government affiliation. Creditors and consumers account for their...
MYTH #13: Paying My Credit Cards Will Increase My Credit Score
REALITY: Making your credit card payments on time will give you a good payment history and over time this does have a positive impact on your credit score. However, if you want your score ...
MYTH #11: It Will Take 7 Years to Improve My Credit Score
REALITY: You Can Quickly Rebuild by Following Our Tips
Many consumers think it will take seven years to improve their credit, when in actuality it's an ongoing process and does not have to take...
During these challenging economic times, millions of Americans are struggling with credit card debt. Finding an effective solution to resolving this debt can be frustrating. To help you learn more about your options, we've included a breakdown of the be...
Paying off an old collection or charge off will increase your credit score.
This is a huge MYTH!
Effects of Paying
When you pay an older collection account or charge-off account, your credit score most likely will suffer.
Think twice before paying of...
Credit card piggybacking is using someone else's good credit to raise your own score by being added on as an authorized user on their account.
If you find yourself with a low credit score, you probably know how difficult it is to borrow money and how you...
A co-signer is as responsible as the signer on the account! In recent years, many mortgage applications were originated based on there being a co-signer, but in all actuality, the co-signer was the primary borrower. Many times the person who thought the...