Cheryl Lock, provided by Published 9:30 am CDT, Wednesday, June 26, 2019 PeopleImages / Getty Images Your credit report details your entire history as a borrower, and is used by lenders to decide whether they're comfortable extending a loan or line of credit. Checking your credit report periodically is the best way to stay on top of any fraudulent purchases, inaccurate information, or identity theft issues that could crop up. If you do find an inaccuracy, you can dispute it by first contacting the lender, then contacting the credit bureau if the lender can't resolve it. Visit Business Insider's homepage for more stories. Your credit report is basically your lifeline to all things credit-related in your life. If you want the best interest rates on a credit card, mortgage, or personal line of credit, you'll want to make sure everything in your credit report checks out. Checking your credit report periodically is also the best way to stay on top of any fraudulent … [Read more...] about How to dispute a credit report error to improve your credit
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provided by Published 9:00 am CDT, Wednesday, June 19, 2019 MoneyTips Congratulations! You've made it through college and are looking forward to using your new skills in the real world. Here's our gift to help you start your journey – a copy of your credit report. If you aren't familiar with your credit report and how it works, now's the time to check it out. Your credit report is a collection of all of your borrowing activities. Whenever you borrow money and make payments (or miss them), your creditors report that information to the three major credit reporting agencies (TransUnion, Experian, and Equifax). If you have part of America's nearly $1.5 trillion in student loans, your repayment record will show up here. Your future credit cards and loans will show up here, too. The credit reporting agencies use your credit report information to calculate your credit score – a single number between 300 and 850 that tells creditors how risky it is to loan you … [Read more...] about MoneyTips Gift To College Grads: Your Credit Report
By Vera Gibbons Published May 17, 2019 Personal Finance FOXBusiness Facebook Twitter Comments Print video US credit card debt hits record $870B by end of 2018 Barron's Associate Publisher Jack Otter on the rise in U.S. credit card debt and its impact on the economy. If you’re a recent college grad, you’ve likely heard speeches about pursuing your passions and believing in yourself, but you probably haven’t heard much about your credit report. Continue Reading Below While it isn’t a sexy graduation topic, it is one that can have a giant impact on your future. As you prepare for your next chapter, here’s what you need to know about credit. Why it’s important Qualifying for mortgages, auto loans, apartments, and even jobs are dependent on your credit history. “Your credit rating comes into play for much more than just borrowing,” says Greg McBride, chief financial analyst at … [Read more...] about Attn college grads: Do you know what’s on your credit report?
Susan Tompor Detroit Free Press Published 7:03 AM EDT May 15, 2019 The Equifax data breach came to light back in September 2017 — and consumers are still fuming. Complaints about credit reporting, credit repair services and issues such as errors on individual consumer credit reports, made up 43% of all the complaints made to the Consumer Financial Protection Bureau, according to an analysis by the U.S. PIRG Education Fund. That's up from 23% of total complaints back in 2016, before the Equifax breach. The analysis looked at data from 2011, when the CFPB began collecting complaints, to Jan. 14, which is when PIRG downloaded the data to review. CFPB, a federal consumer watchdog agency, published a record 257,000 consumer complaints in 2018 — including all complaints, according to the PIRG analysis. That brings the total complaints to nearly 1.2 million in seven years. Complaints might include issues with a payday lender who won't stop … [Read more...] about Equifax data breach still causing problems for credit reports
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page Hiawatha Bray Globe Staff January 11, 2019 Sixteen months after one of the worst digital data breaches in US history, Massachusetts residents have new protections against digital data thefts.Earlier this week Governor Charlie Baker signed a new law that requires credit reporting agencies such as Equifax to provide a free credit freeze to consumers that would prevent identity thieves from opening new accounts in their names. It will also require companies to offer up to three years of free credit monitoring to victims of a security breach, and force companies to disclose breaches in a timely and public notification.The intent is to deter lax security practices at data brokers and other giant companies that collect vast amounts of sensitive personal data. Advertisement “I think it will make our data safer,” said State Representative Jennifer Benson , … [Read more...] about New Mass. law provides more free credit protections