You are entitled to receive one free credit report every 12 months from each of the nationwide consumer credit reporting companies—Equifax, Experian and TransUnion. This free credit file can be requested through Annual Credit Report or by contacting the companies...
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What type of information is on my credit report?
There are usually four types of information: Identifying Information: Your full name, any known aliases, current and previous addresses, social security number, year of birth, current and past employers, and, if applicable, similar information about your spouse....
How Consumer Reporting Agencies Collect Information
Credit bureaus collect information from parties that have previously extended credit to you, such as a department store that issued you a credit card or a bank that granted you a personal loan.
What if my credit is bad?
A Loan Modification is not based on credit. The banks are trying to make a good loan out of a troubled loan. The loan modification will not hurt your credit; generally only late payments or a foreclosure will negatively affect your credit score.
How Can Impulsive Buyers Stop Spending Money?
How Can Impulsive Buyers Stop Spending Money? What's impulsive shopping for? Merely stated, it’s an unplanned buy of a services or products. In accordance with the BusinessDictionary.com, such purchases “ranges from small (chocolate, clothes, magazines) to...
What is a Loan Modification?
A Loan Modification is when the bank allows a change in the terms of your existing mortgage. The purpose of a modification is to significantly lower your monthly payments, for either a temporary or permanent period of time.
Who qualifies for a loan modification?
Anyone that is having trouble paying his/her existing loan may qualify for a loan modification. In today’s housing market, banks are willing to work with mortgage holders who are having trouble paying their mortgage. However, homeowners with a high probability of...
Why will a loan modification work for me?
The government has asked for ALL lending banks to help in the foreclosure epidemic and modify mortgages for all troubled homeowners. Going to your lender with the representation of an Attorney will make a scary process seem simple.
What is the difference between a Debt Resolution Program and Bankruptcy?
With a debt resolution program your debts will be combined with one monthly program payment but your debts are negotiated for less than what you owe. The average settlement ranges between 40-60% debt reduction on completed settlements. In most cases, you may complete...