Adulting 101: How to Interpret Your Credit Report
Adulting 101: How to Interpret Your Credit Report Credit Cards by Maria Shahid Share Share Email Aside from monitoring your credit score every month, you should make sure to check your credit report at least twice a year for errors or signs of fraud. Fair warning though, a credit report is more difficult to understand […]
Can Your Thin Credit Report Be Scored?
Can Your Thin Credit Report Be Scored? Auto Loans by John Ulzheimer Share Share Email Every industry has its own unique terminology and the credit industry is no exception. One of the common terms used to describe credit reports is “thin,” which is a description of the amount of information housed by the report. What […]
What’s The Difference Between A Credit Report and A Credit File?
What’s The Difference Between A Credit Report and A Credit File? Credit Cards by John Ulzheimer Share Share Email “John, I see the terms credit report and credit file used all the time. Aren’t they the same thing? And if they are the same thing, why are there two terms?”
How do I dispute an error on my credit report?
How do I dispute an error on my credit report? Civil Penalty by John Ulzheimer Share Share Email There has been a lot of discussions recently about credit report errors. First, what are some of the errors that can plague a credit report? The account is not yours, incorrect address, incorrect date of birth, name […]
Are lenders required to report to the credit bureaus?
Are lenders required to report to the credit bureaus? Auto Loans by John Ulzheimer Share Share Email Repeat after me…There isn’t a law that requires lenders to report to the three major credit bureaus – Equifax, Experian and TransUnion. It’s entirely voluntary. And, the credit bureaus can pick and choose with whom they want to […]
What is a Mortgage Credit Report? How is it Different Than a Regular Credit Report?
What is a Mortgage Credit Report? How is it Different Than a Regular Credit Report? Credit Report by John Ulzheimer Share Share Email When you apply for a mortgage the lender or broker does not pull a normal credit report, like what would be pulled by an auto lender or credit card issuer. Instead they […]
How to Spot and Fix Errors on Your Credit Report
How to Spot and Fix Errors on Your Credit Report Credit Monitoring by David B. Coulter Share Share Email We might believe that the major credit bureaus keep the tightest and most up-to-date records of our credit profiles. However, according to a new Consumer Reports investigation, more than one-third, or 34 percent, of Americans found […]
Why is my discharged bankruptcy still on my credit report?
Why is my discharged bankruptcy still on my credit report? Bankruptcy by John Ulzheimer Share Share Email Despite some assumptions, bankruptcies aren’t removed from your credit report immediately after they are discharged. Discharged 7 and 11 bankruptcies remain on your credit report for ten years from the filing date and discharged chapter 13 bankruptcies remain […]
Why isn’t my rent on my credit report?
Why isn’t my rent on my credit report? Credit Monitoring by John Ulzheimer Share Share Email The next time you pull your credit report take a look at the inventory of information listed. Do you see any rental obligations? Any apartment leases? If not you shouldn’t be surprised. The credit bureaus still very much have […]
CFPB Semi-annual Report on Consumer Complaints – Part 2
CFPB Semi-annual Report on Consumer Complaints – Part 2 Auto Loans by John Ulzheimer Share Share Email Yesterday I addressed the credit card, consumer loan, mortgage loan complaints consumer made to the Consumer Financial Protection Bureau (CFPB). In this part 2, I’ll address student loan, bank account and service complaints and handling of the complaints. […]