An act is pending in Congress that would require credit reporting agencies to remove medical collections once they’ve been paid or settled as long as the amount was less than $2,500, but is it a good a idea?
The internet is full of promises when it comes to getting a peek at your credit score for “free,” but nearly all these providers will require a credit card number for a trial subscription. Here are a couple of services that don’t ask for any plastic.
A class action lawsuit was just filed against Consumerinfo.com, essentially Experian, because of the actions of FreeCreditReport.com and FreeCreditScore.com. As with all class action lawsuits, there is a large number of potential class members. Could YOU be a member of the class? Read on to find out.
A common misconception about auto refinancing is that it is similar to home refinancing in complexity and requirements. In fact, it is much simpler and less time consuming. Here’s what you need to know about auto refinancing and how to determine whether it could help you save.
What’s the difference between a credit report and a credit file? Is there a difference between a credit score and a FICO score? And what’s a consumer-reporting agency? Is that the same as a credit-reporting agency? Here are seven pairs of seemingly interchangeable credit terms that are most often misinterpreted by consumers and even “experts.”
It looks like credit cards, mortgages, auto loans, collections and bankruptcies will soon have to share the credit report stage with apartment rental accounts. At least they will have to do so at Experian (EXPN). The credit reporting agency recently announced that they added millions of apartment rental accounts to their credit file database in December 2010.
Since the beginning of 2004 Americans have had the right to claim their credit reports from each of the credit reporting agencies once every twelve months, for free. But since then, only 4.16% of the free credit reports available have been claimed. That meager percentage is dreadful considering how important your credit is to getting a loan, insurance or a job.
“Statute of limitations” refers to the amount of time that can pass after some sort of event before legal actions regarding that event can no longer be initiated. After the statue of limitations has expired that debt becomes a “time barred debt,” meaning the lender’s ability to sue you for collection has passed.