Posts Tagged Consumers
Can a collection agency pull a consumer’s credit report after the debt is past statute of limitations?
Posted by admin in Consumer Credit Report on November 30, 2011
Question by roberta1126: Can a collection agency pull a consumer’s credit report after the debt is past statute of limitations?
It is listed as a hard credit inquiry on debt that is past statute of limitations for both reporting and legal collection. It is past the sol on ascribing reporting and is clocked-barred for collection through the courts.
Best answer:
Answer by swflsteelerfan
Pay attention closely. Credit can be pulled from any and all agencies regardless of length of time. Most if not all companies will sell their old debt to another collection agency, thus keeping the previous debt still active, regardless of time.
Add your own answer in the comments!
BuildMyCredit, Inc., Informing Consumers of Credit Repair Scams, Tips, and Insights
Posted by admin in Consumer Credit Report on November 15, 2011
BuildMyCredit, Inc., Informing Consumers of Credit Repair Scams, Tips, and Insights
Laguna Hills, CA (PRWEB) November 11, 2011
BuildMyCredit, Inc., a leading credit restoration company, is taking the steps to inform Americans about credit repair. For those who have finally decided to take some action getting to work on fixing their good old credit score, it is necessary to take the first step and enroll in a quality credit restoration process. This can save consumers money by leveraging good credit to qualify for lower interest rates associated with the purchase of a home, mortgage refinance, new car or even help to find a better job. Having good or bad credit seems to follow consumers wherever they go.
Is credit repair legal?
There is nothing illegal about credit repair. In fact, the Fair Credit Reporting Act(FCRA) spells out legal rights and protocols for disputing items on a credit report. Additionally, the Federal Fair Credit Billing Act (FCBA) allows the right for an individual to request broad amount of information regarding billing and payment history from a creditor. Basically this means that a company like Chase or Wells Fargo have to give consumers the right to investigate their payment history.
Consumers have the right to verify that the information located on their credit report is accurate, up to date, and verifiable. Credit agencies are obligated to report 100% accurate information. Many times credit reports are not reporting accurate information. Sometimes it may be as minor as reporting that payments are 60 days past due when it is really 30 days past due. This simple oversight is grounds to have the item removed from the bureaus. According to the Fair Credit Reporting Act only items that are unverifiable, inaccurate or out of date should be disputed by consumer. The law prohibits any information that is not completely accurate to be removed or updated. This is one of the many processes we utilize to repair consumers credit. There are so many processes that go into credit repair, working with a company who understands those details will eliminate many of the worries the average consumer faces.
Finding the Right Credit Repair Company
Doing a little research online is not a bad idea to help find a good credit repair company. The Better Business Bureau is not always the trump place to start searching. Find out how yearning the company has been helping consumer’s repair their credit, do they have physical offices, do they serve their own consumers or sell them off to a 3rd party processing center. What does their merchant services track record stare like? Does the company offer a 100% money rearward guarantee?
There are always questions of whether or not the credit fix firm that was chosen to retain is credible or not. There are many more ways to find out if you’re working with a reliable and credible credit repair organization.
1) Does the assign repair company encourage a consumer to break the law? This is the first red flag to watch out for. Some credit repair accompany do some rather questionable things and make false promises in order to mislead consumers. As a result the Federal Trade Commission (FTC) developed the Credit Repair Organizations Act CROA to police and regulate credit repair organizations. For example, it is illegal to change a person’s Social Security number in order to get a clear bill of credit. It is also illegal to simply dispute every item on a credit report regardless of its nature. Many organizations will try to use a global dispute process to get results. It’s kind of caring throwing something against a wall and hoping that part of it sticks.
2) Does the credit repair company charge advanced fees? This is a big no-no. No credit repair organization can charge any advanced fee for work that has not been completed. According to Jonathan Emmons, Case Manager at BuildMyCredit.com, “We process every document, prepare every letter, and review every credit report before we even prepare an invoice. Once we’ve done what we indicated we would do for our clients we simply ask to be paid. I am amazed at how many companies charge upfront fees to do credit repair when the law expressly prohibits this.”
3) Does the credit repair company clearly indicate what they’re going to do in a contract? Everything must be in writing. No matter what, be sure that the company of choice has a contract that clearly outlines their duties and obligations to the consumer. The contract should disclose how much it will cost, and how a consumer can cancel or back out of the contract.
4) Does the credit repair company have a website that clearly shows what they do and how they do it? Doing a little online research never hurts. Looking at a companies website and reading through all the OK print and can save a lot of time. A full example of a credit repair website that offer a strong credit repair service is http://www.buildmycredit.com.
5) Does the credit repair company promise that they can remove items from a credit report? There are no guarantees a quality ascribe repair company can actually achieve results. It’s important to understand that every impute repair company on the market should do its best to assist their customers getting clean credit. However, no one can guarantee or promise what another company will or will not do. The process take time to complete and a diligent credit repair company will remain on the job to get the results they’re look for on behalf of the client. Many credit fixed companies offer a monthly service fee and what is commonly called a first serving fee. These are common fees to expect to pay in doing reliable credit repair. Consumers may cancel service at any time but the longer they remain on a credit repair program, the more likely of receive favorable ensue.
Regardless of which company consumers take to hire to help fix their credit, it’s important to understand that the process of credit restore is 100% legal. There are reliable credit repair companies fix to assist consumers in the market place today. The process can act clock so don’t expect instant rewards. Patients and diligence will help get the best results for obtaining a strong credit rat and score.
For more information about how BuildMyCredit.com can help you log on to http://www.buildmycredit.com or call them today for a free credit repair consultation at 1-855-4BUILDMYCREDIT or 1-855-428-4536.
BuildMyCredit, Inc.
23152 Verdugo Drive, Suite 160
Laguna Hills, CA 92653
(949) 916-5331
marketing(at)buildmycredit(dot)com
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©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
NationalCreditReport.com Informs Consumers That Their Credit Report Can Affect Their Employment
Posted by admin in Personal Credit Report on September 30, 2011
NationalCreditReport.com Informs Consumers That Their Credit Report Can Affect Their Employment
Delray Beach, FL (PRWEB) May 28, 2010
NationalCreditReport.com, a leader in credit monitoring services, advises consumers that in addition to potential creditors and lenders, even employers have a reason to look at your credit report.
“At a time when many people are looking for work, consumers are surprised to learn how many employers are obtaining their personal credit report before making hiring decisions,” said Samuel S. Ambrose, Vice President of Marketing and Operations for NationalCreditReport.com. “They’ve asked us ‘can my employer run my credit report’ and they answer is ‘yes, both prospective and current employers can access your credit report if you provide your authorization.’”
According to Ambrose, employers and potential employers complying with the Fair Credit Reporting Act (FCRA) can obtain your personal credit report.
“Employers figure that the manner in which you manage your finances may be a good sign of how you’ll do your job. Therefore credit report damage goes a lot further than just finances. Unfortunately, this is a tough time for our job market and people who have found themselves out of work might also have fallen behind in payments to creditors, thus causing credit report damage and a lower credit score.”
NationalCreditReport.com advises job seekers to obtain their personal credit report at the onset of their job search and review it thoroughly so they know what personal information and potential credit report damage others can see in your credit file when they are making an important hiring decision.”
About NationalCreditReport.com
Since 2004, NationalCreditReport.com has specialized in rendering credit information and credit supervise services to consumers to help them understand their impute report and score. NationalCreditReport.com encourages consumers to check their credit report on a regular basis.
Contact:
Allison Tomek
NationalCreditReport.com
561-805-8000
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©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
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Got A Scary Credit Report? NationalCreditReport.com Provides Tips For Consumers
Posted by admin in Consumer Credit Report on August 17, 2011
Got A Scary Credit Report? NationalCreditReport.com Provides Tips For Consumers
Delray Beach, FL (PRWEB) October 24, 2010
Even though Halloween is right around the corner, some people find themselves more frightened by their credit report than this season’s ghouls, ghosts and goblins. NationalCreditReport.com, a leader in credit report, credit score and monitoring services, advises consumers that they don’t have to be scared when they check their credit report by following a few tips that can help them get a good credit score.
“With the economy tranquillizing struggling to recover, this is a frightening time for many people who have obtained their credit report and seen a drop in their credit scores,” said Samuel S. Ambrose, Vice President of Marketing and Operations of NationalCreditReport.com. “Luckily, by following a few simple steps, they can work to get a good credit score and bring their credit report back from the dead.”
Steps consumers should take to get a good credit score:
1. Obtain your credit report by simply participating in an offer to request an impute report online, like the offer available at NationalCreditReport.com. Consumers are advised to review this accounted carefully to get a complete understanding of their credit report score and to check it for accuracy.
2. Know what a credit score is and its impact on one’s everyday life. A credit score is the particular numerical value that potential creditors and lenders use to decide whether to grant a loan or ascribe as well as determine interest rates. Since whether or not the consumer obtains funds hinges on this score, getting a good credit score is very important.
3. If a consumer finds any inaccurate information on their credit report, they should not be frightened to bring these misrepresentations to the attention of Experian™, Equifax™ and TransUnion™, the three major credit reporting agencies to clear up the inaccuracies.
4. Begin to pay cancelled monstrous credit card debt. Making on-time payments to commence paying pop one’s credit card debt also helps their credit score by lowering the percentage of credit utilized.
5. Consumers should regularly to be aware of any changes in their credit report or score. This should be done at least quarterly to see if there have been any unexpected inquiries or lines of attributed taken out in their call and that what is being far-famed in the report is accurate. Obtaining one’s own credit report does not negatively affect their credit score.
At the company’s website, http://www.nationalcreditreport.com, consumers tin sign-up for a free credit score, seven-day trial of its Triple Safeguard Credit Monitoring™ service. The company also offers consumers the opportunity to purchase their credit report and score for one low price with “no strings attached.” Interested customers can visit http://www.nationalcreditreport.com/nostringsoffer to check their credit report and hit without being enrolled in a credit monitoring service.
About http://www.nationalcreditreport.com
Since 2004, NationalCreditReport.com has specialized in providing credit information and credit monitoring services to consumers to help them understand their credit report and score. NationalCreditReport.com encourages consumers to check their credit report on a regular basis.
Contact:
Allison Tomek
NationalCreditReport.com
561-805-8000
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©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
NationalCreditReport.com Explains Consumers’ Rights to Annual Free Credit Reports
Posted by admin in Personal Credit Report on August 14, 2011
NationalCreditReport.com Explains Consumers’ Rights to Annual Free Credit Reports
Delray Beach, FL (PRWEB) May 21, 2010
NationalCreditReport.com is helping to educate consumers about The Fair Credit Reporting Act (FCRA), enacted by the Federal Trade Commission, that states that consumers can carry their personal credit report for complimentary once per year from each of three major credit accounting agencies (Experian™, Equifax™ and TransUnion™), thus ensuring the consumer’s right to an annual free credit report without enrolling in a credit monitoring service.
“The Fair Credit Reporting Act is a significant piece of legislation projected to defend the consumer’s correct to a yearly complimentary credit report,” said Samuel S. Ambrose, Vice President of Marketing and Operations of NationalCreditReport.com. “NationalCreditReport.com advises consumers to regularly obtain their personal credit report and monitor it for any important changes. By allowing people to access their own information for free once a year, they are able to get a birds-eye view of how they are seen in the eyes of potential creditors.”
While allowing consumers to obtain their personal credit report at no cost once per year, the credit reports associated with the FCRA do not include important attribute scores. Additionally, if the consumer wants to check their attribute reports more often than once a year they will need to buy additional reports.
“Many people access their credit reports to ensure that there are no inaccuracies or unexpected inquiries into their credit records,” said Ambrose. “Being that not every creditor reports to all three credit bureaus, we do recommend that consumers obtain their personal credit report from each bureau at least quarterly and participate in a credit monitoring service so they can be alerted immediately to any changes in their report.”
For consumers who do not want to participate in a free trial of its credit monitoring service, NationalCreditReport.com was the first in its industry to allow customers to purchase their credit report whenever they want for a low price, with no negative impact on the consumer’s credit score. This offer, which NationalCreditReport.com calls “No Strings”, began in January.
About NationalCreditReport.com
Since 2004, NationalCreditReport.com has specialized in providing attributed information and credit monitoring services to consumers to help them improve their personal assign report and prevent identity theft. NationalCreditReport.com encourages consumers to obtain their personal attribute report and review it on a regular basis.
Contact:
Allison Tomek
NationalCreditReport.com
561-805-8000
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©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
NationalCreditReport.com Reminds Consumers to Check Their Financial Statements to Identifying Items that Can Cause Credit Report Damage
Posted by admin in Personal Credit Report on August 11, 2011
NationalCreditReport.com Reminds Consumers to Check Their Financial Statements to Identifying Items that Can Cause Credit Report Damage
Delray Beach, FL (PRWEB) August 20, 2010
NationalCreditReport.com, a leader in credit report, credit score and credit monitoring services, reminds consumers that while participating in a credit monitoring service is an effective way to be notified of critical changes in one’s credit report, they should also be diligent about promptly checking their bank account and credit card statements for mistakes that can cause credit report damage.
“Credit monitoring serve scan a person’s credit file for new activity, account changes, credit fraud and identity theft,” told Samuel S. Ambrose, Vice President of Marketing and Operations of NationalCreditReport.com. “However, significant credit report damage can be caused in the form of mistakes on credit card or bank account statements as well as fraudulent charges by identity thieves.”
In addition to items that can cause credit report damage, Ambrose notes that it is also important to review financial statements to ensure that you are protecting your own pocketbook. “Make sure that all of the charges on your statements are accurate and made by you,” said Ambrose.
While examining financial statements and obtaining credit accounting to check for inaccuracies are not means of actually preventing identity theft, Ambrose notes that it is wise to review these statements as soon as they are received to observed possible fraud and prevent any foster unauthorized use of your accounts. “Preventing identity theft is an uphill battle,” said Ambrose. “However, smart consumers are diligent roughly checking their statements and obtaining assigning reports regularly to witnessing for any significant red flag.”
As in all cases of a compromised identity, NationalCreditReport.com suggests participated in an ascribe monitoring serving especially if you conceiving you might be a victim of identity theft. Credit monitoring services scan your credit accounting for significant changes and alert consumers via e-mail if they are found. A credit monitoring service rendered a convenience to the consumer who then does not need be concerned with obtaining ascribe reports and reviewing the reports regularly.
About NationalCreditReport.com
Since 2004, NationalCreditReport.com has specialized in providing credit information and credit monitoring services to consumers to help them understand their credit report and score. NationalCreditReport.com encourages consumers to obtain their credit report on a regular basis.
Contact:
Allison Tomek
NationalCreditReport.com
561-805-8000
###
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.