Archive for Credit Report

Victum Of Fraud? Check Your Credit Report

1,370 cases of ID Theft had been reported by the end of April. The category of crime surged from 3,327 cases in 2012 to 3,873 last year, and the figure is expected to continue to soar this year.

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Credit Amnesty Did Not Improve Access To Credit

“As anticipated, banks have adjusted their credit underwriting to account for the effect of the credit amnesty” said Advocate Kate Thambiran, Managing Director of LUCID Clear Credit, a credit rehabilitation firm.

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Banks Make It Tougher To Get Credit After Amnesty

“People are under the impression that banks will no longer have any adverse credit information against their names – this is simply untrue,” says Kate Thambiran, MD of LUCID Clear Credit.

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Want A Car? Keep Your Credit Report Clear – Says Wesbank

De Kock of Wesbank says that one of main reasons vehicle applications are declined is because of the applicant’s credit report.

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Credit Report Errors: 40 Million Americans Hurt by Mistakes

The error rate of credit reports will remain high, as long as these bureaus lack an incentive to clear these errors.
Wu’s advice to consumers: “If you do have an error, get an attorney. That’s the only time the credit bureaus take your seriously.”

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Blacklisting Hurts Your Chances Of Finding A Job

These days having a bad financial reputation also jeopardises your chances of finding a job.

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Credit Law Fails To Protect Consumers From Credit Bureau

President Barack Obama said in a statement to the Dispatch that his administration will make regulating the credit-reporting agencies a priority. “We must continue to fight for an economy where everybody plays by the same rules, where consumers are protected,” Obama wrote.

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Blacklisting For Non-Payment of Traffic Fines

The debt collectors threaten to report motorists with overdue accounts to the credit bureau – warning this could “negatively affect your personal credit report”.

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Do You Know Your Spouse’s Credit Rating?

With the prospect of a wedding, honeymoon, new home and perhaps even starting a family to pay for, building a new life together can be an expensive business, so it is vital that couples know where they stand financially.

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Credit Reports Deny Employment

Given that backdrop, some argue that employers should hire based on skills and qualifications and not credit report histories. Those in the job market have plenty of obstacles right now and should not have to try to defend the fact that they missed payments on bills.

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