As a general matter, no one credit bureau report is “more important” than the others.
In today’s economic environment, they are all vitally critical to your personal finances.
A reader of AskTheMoneyCoach.com wanted to know how long a medical debt stays on their credit report, and what happens if they make an agreement
Q: How can I have a consumer statement removed from my credit report? A: It can be very simple to get a consumer statement removed,
Yes, it can. Despite the fervent proclamations of bureaucrats and credit bureaus everywhere, a simple fact remains: negative credit listings are deleted from peoples’ credit
If you’ve thought about ordering your free credit report, which credit reporting bureau should you contact? Many people wonder what the difference is between the
Q: Will opening a savings account in order to save for a home down payment impair my credit rating by creating an inquiry on my
Thinking about buying a timeshare? Seems like a new wrinkle has been added to the process: In addition to forking over cash and paying annual
Question: Can I remove a medical collections from our credit report? It has been paid and it is our account. I didn’t know that it
Question: One of my subscribers had a question. She asked, “What’s the best way to have negative information removed from my credit report?” Answer: Negative
If you’ve ever pulled your credit files from Experian, Equifax and TransUnion – each of the three major credit bureaus- and tried to compare them,
Despite what some people may suggest to you, it’s best to refrain from adding a “Consumer Statement” to your credit files.
Consumer Statements in Your Credit Files
Under the Fair Credit Reporting Act, you are allowed to add a 100-word “Consumer Statement” to any of your credit reports if you have disputed an item in your credit files, but the item was not removed because it was verified by a creditor. Frequently, consumers think that taking advantage of this “right” to add a consumer statement is a good opportunity. After all, you would get a chance to divulge what happened, elaborate on the dispute, or perhaps explain why going through a divorce resulted in you not paying a bill or how being laid off for six months is what led you to default on a loan. In your mind, perhaps you think that your explanation will prove that something wasn’t your fault, or at the very least t show a lender that you had a “good” reason for failing to pay.
A man has an old credit card debt that is over 12 years old. The problem is that the debt still appears in his credit report. What should he do? Click now to hear Lynnette’s answer.
Most financial experts agree that routinely checking your credit reports is a smart idea. If you ask those same experts about credit monitoring services, however, you’ll likely get a lot of eye-rolling and negative comments.
Here’s a question, from a reader who wrote me saying, “I’d like to know what options I have to clear credit. I’ve reviewed my credit
Q: How long does a negative item stay on your credit report? A: This debt should have long since fallen off your credit report. Under
Q: If I dispute something on my credit report that I feel is not legit will it re-start the time on the debt? I have
