Maintain your old Siemens Hipath system

Big Brother Knows Whats in Your Credit Report - How About You?

Whether you are aware of it or not, credit bureaus have been keeping tabs on you and how you use credit. When it's time for you to apply for a mortgage, credit card, or personal loan, your credit report is what lenders look at to decide to approve you or not.

Information about you is collected and stored in national repositories. Every time you apply for credit, whether it's a retail store charge account or an auto loan, the information you provide gets sent to the credit bureaus. When you are late paying a loan, it shows up on your report. If you have ever been in a dispute with a merchant and you refused to pay them, the merchant can report your non-payment to the credit bureaus for all lenders to see.

Your credit history is an important part of getting a loan. By getting a glimpse of how you handled debt obligations in the past, lenders can estimate the likelihood that you will pay back their loan in the future.

What's in your credit report?
Credit reports are chock full of goodies to keep your lender busy. If you have never seen your report, you may be surprised at how much information is actually gathered.

  • Personal Information.
    This section includes information that identifies you by name, address, and Social Security number. It gives your date of birth and employment history. Information in this section is not used for scoring purposes.
  • Credit Lines.
    This is the meat and potatoes of the credit report. It shows all of your credit accounts and lists the details of each. These details include creditor's name, type of account (credit card, auto loan, school loan...), account number, date the account was opened, current balance, past due amounts, credit limit, and payment history. It will list whether you usual pay on time or are normally late 30, 60, or 90 days. The report will also show any closed accounts that you have.
  • Credit Inquiries.
    An inquiry is an event where a company asks the bureau for a copy of your credit report. Any company that has accessed your credit report in the last two years will be listed.
  • Public Record and Collection Items.
    Any information about you that is public record from courts or debts reported by collection agencies will be listed here. Court information can include bankruptcies, foreclosures, liens, and other judgements.

Who is Big Brother?
The three major credit bureaus are Equifax, Experian, and Transunion. The information that they have on you may not be identical. One may have accurate records, but another might have an error that can prevent you from getting a loan. Since you do not know which bureau a lender will use to base their approval decision, you should inspect your report from all three bureaus. Equifax offers a 3 in 1 report where you can view your credit report from all three bureaus in a single transaction.

Before you apply for any loan it is wise to review your credit report. This way you can fix any errors before the loan process begins, saving you time and frustration if you get rejected due to a correctable problem caused by big brother and not you.

Jon Galanty is a financial writer for eMoneyCentral.com. Visit http://www.emoneycentral.com to find out more about credit, loans, banking, and to get other great money tips.

In The News:

Iran says it's ready for war with US after Saudi oil attack accusations
Sun, 15 Sep 2019 09:58:00 +0100
Iran has dismissed US accusations it was behind drone attacks on Saudi Arabia's oil plants, and warned it is ready for a "full-fledged" war.

The Americans will see attack on Saudi oil as an attack on them
Sun, 15 Sep 2019 02:17:00 +0100
One of the two oil facilities struck in the early hours of Saturday morning was recently described by one industry expert as the the Achilles Heel of the Saudi oil industry.

Acres of empty seats as Zimbabwe says goodbye to Mugabe
Sat, 14 Sep 2019 19:47:00 +0100
As Zimbabwean president, Robert Mugabe knew how to fill Harare's cavernous National Sports Stadium.

At least six dead as torrential rain and floods hit Spain
Sat, 14 Sep 2019 09:56:00 +0100
At least six people have been killed and around 3,500 others evacuated in two days of torrential rain in southeastern Spain.

British-Australian woman held in Iran named
Sat, 14 Sep 2019 17:08:00 +0100
A British-Australian woman being held in an Iranian jail has been named as a Melbourne academic who published books on the 2011 Arab uprisings and authoritarian governments.



tikatoshop.it

Erfahrungen mit Pallhuber Wein
Agen Bola SBOBET Terpercaya

Travel in comfort and at your leisure with CT Airlink Limousine & Car Service for top quality private transportation and exceptional customer service. We operate Sedans, SUVs & Vans for CT Car Services to covering all Connecticut airports including Car Service from CT to Newark Airport , Mohegan Casino Uncasville CT, Foxwoods Casino Mashantucket CT, Manhattan Cruise Terminal NYC, Brooklyn Cruise Terminal NYC and Bayonne Cruise Terminal NJ. CT Airlink hire licensed and friendly chauffeurs who have in-depth knowledge of the Areas.

Your Credit Rating and How To Check It

There is a lot of confusion surrounding UK credit ratings,... Read More

The FICO Score Misconceptions

There are many misconceptions about credit scores out there. There... Read More

Preventing Credit Card Mess

Credit card debts problem is extremely common today. It is... Read More

Why Does FACTA Matter to Me?

FACTA stands for Fair and Accurate Credit Transaction Act. FACTA... Read More

Identity Theft ? Who Would Want Mine?

With all my bills who would possibly want my credit?... Read More

Four Tips How Homeowners Can Rebuild Their Life After a Foreclosure

Let's face it, if you are facing the possibilities of... Read More

The Right Way To Credit Repair

If you have a bad credit rating, then you might... Read More

Credit and Loan Help for Mortgage Loans

Mortgage loans are some of the most difficult loans to... Read More

Learning the Disturbing Facts about Credit Card Debt

When I received my first credit card in the mail... Read More

How Your Credit History Can Affect Your Life

Your credit history is an important aspect of your life.... Read More

Top 5 Reasons To Check Your Credit Report Regularly

#1 Make sure mistakes aren't hurting your credit.Reviewing your credit... Read More

Credit and Its Cost

What is Credit? Credit is money granted by a lender... Read More

Credit Reporting: How Does It Work?

In order to determine a consumer's credit worthiness, creditors and... Read More

How To Get Out Of Credit Card Debt

If you're like the average person, let me warn you... Read More

What Is the Fair Credit Reporting Act and What You Should Know About It

The Fair Credit Reporting Act (FCRA) and the recent update... Read More

Fixing A Credit Report

Fixing a credit report starts with seeing what's on it.... Read More

A No-Brainer Way Of Getting Credit And Credit Cards

What Is Your Credit Rating Now?If you have any charge... Read More

How To Get a Low Interest Credit Card

Consumers often have the first credit card that they ever... Read More

Why Does Your Credit Card Rate Keep Going Up?

Have your read your credit card contract through completely? Do... Read More

What Is A FICO Score?

A credit score is most commonly known as a FICO... Read More

Understanding Your Rights Under The Equal Credit Opportunity Act

It wasn't all that long ago that lenders blatantly discriminated... Read More

Can Credit Search Entries Affect Your Ability to get Approved for a New Loan in the UK?

About Search Entries:Every time a lender checks your credit history... Read More

Making Sense of the Information in Your Credit Report

If you've ever applied for a credit card or loan,... Read More

Some Truth About Credit

Credit is currently and has been historically an integral component... Read More

How Healthy Is Your Credit

There's only one way to discover the "health" of your... Read More