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Credit Issues

Credit Agency logosCredit Education

Credit plays a critical role in the lives of most individuals and families. It can be a challenge to understand. This myFICO site provides solid credit fundamentals.

Credit Scoring

What do you know about credit scoring? How are scores calculated? Find out from the creators of the infamous FICO score, Fair Isaac.

Dispute Credit Reporting Errors

It is more likely than not that you have errors on your credit reports (as high as 70% of consumers according to a recent PIRG study). These credit reporting agency links will bring you to the dispute section of their sites to enable you to repair the problems. Equifax, Experian, TransUnion.

Preventing Identity Theft

FACTA (Fair and Accurate Credit Transactions Act)

FACTA, is perhaps best known as the legislation enabling consumers to receive a free copy of their credit report once per year. Did you know that the FACTA also provides free ‘specialty’ credit reports once per year (i.e., medical records, tenant history, checkwriting and employment history, and insurance claims). FACTA also provides protections against identity theft and many other credit-related issues outlined here.

Improving Your Credit

Improving your credit is commonly compared to losing weight – there aren’t quick fixes, and if people are telling you there is, you should run the other way. While time ultimately is the only “credit fix,” myFICO offers specific suggestions for improving your credit score.

Ordering Your Free Credit Report

As of September 1st (2005), all U.S. consumers became eligible for a free copy of their credit report. You’re able to order one report per agency (TransUnion, Equifax, and Experian) per year. Some experts have suggested staggering the reports … The frequency of mistakes (as high as 70% of reports in some studies) is a good reason to be vigilant in monitoring your credit regularly.