Posts Tagged Credit Check
Credit Rating Improved in 30 Days
Mike Clover asked:
Did you know you can improve your credit rating in 30 days? Most people don’t know what to do to get their rating up quickly. There are some tricks you can do to your personal credit report to increase your credit score with ease. In this article I am going to discuss how you can do this within 30 days. Keep in mind while you are doing this process I am about to discuss make sure you are not charging up your credit cards, and make sure you are not late on any of your obligations that report to all 3 credit bureaus.
Paying down credit card debt
Since amount owed on debt that reports to credit bureaus accounts for 30% of your overall credit score, this is what we will attack first. This is the quickest way to increase your credit rating if you are about to make a purchase and need that credit score higher. If you have some money in savings, take that money and pay down any credit cards that are above 30% of your allowed credit limit. If you can pay them off, your credit rating will sky rocket. Let’s assume you can’t pay them off, make sure you pay down the credit cards that have the highest balance owed.
Increase your credit card limits
This is a little trick that I have done for myself. I have increased credit limits at times when I did not have the money to pay down my debt at the time. The trick is to get your credit card balances below the 30% allowed credit limit threshold. Typically when you do this you will see about a 20 to 30 point increase in your overall credit rating. I know it sounds crazy to increase your credit limit on credit cards to get your score up, but it will do the job.
Get a letter to delete collections from creditor
If you have not done a credit check lately go ahead and do so. Once you have got a copy of your credit report with all 3 credit scores, look at it and determine if you have anything that has gone to collection. Always start with the most recent collections and small balances owed first. Typically medical and apartment collections are the easiest to get removed from a credit report. The reason is the collection companies usually are more willing to give you a letter once paid or settled to remove any record from TranUnion, Equifax and Experian. Once you have paid in full or settled on debt, make sure the collection company gets you a letter to delete. After you receive this letter you send a copy of the letter to all three credit bureaus to remove any record of the collection. This process will increase your credit rating around 10 to 15 points, depending on how many collections you get a letter for.
Once you have gone through this entire process make you do a credit check to see where you stand after 60 days. The results will surprise you because you will have an increase in your overall credit rating.
Veronica
Did you know you can improve your credit rating in 30 days? Most people don’t know what to do to get their rating up quickly. There are some tricks you can do to your personal credit report to increase your credit score with ease. In this article I am going to discuss how you can do this within 30 days. Keep in mind while you are doing this process I am about to discuss make sure you are not charging up your credit cards, and make sure you are not late on any of your obligations that report to all 3 credit bureaus.
Paying down credit card debt
Since amount owed on debt that reports to credit bureaus accounts for 30% of your overall credit score, this is what we will attack first. This is the quickest way to increase your credit rating if you are about to make a purchase and need that credit score higher. If you have some money in savings, take that money and pay down any credit cards that are above 30% of your allowed credit limit. If you can pay them off, your credit rating will sky rocket. Let’s assume you can’t pay them off, make sure you pay down the credit cards that have the highest balance owed.
Increase your credit card limits
This is a little trick that I have done for myself. I have increased credit limits at times when I did not have the money to pay down my debt at the time. The trick is to get your credit card balances below the 30% allowed credit limit threshold. Typically when you do this you will see about a 20 to 30 point increase in your overall credit rating. I know it sounds crazy to increase your credit limit on credit cards to get your score up, but it will do the job.
Get a letter to delete collections from creditor
If you have not done a credit check lately go ahead and do so. Once you have got a copy of your credit report with all 3 credit scores, look at it and determine if you have anything that has gone to collection. Always start with the most recent collections and small balances owed first. Typically medical and apartment collections are the easiest to get removed from a credit report. The reason is the collection companies usually are more willing to give you a letter once paid or settled to remove any record from TranUnion, Equifax and Experian. Once you have paid in full or settled on debt, make sure the collection company gets you a letter to delete. After you receive this letter you send a copy of the letter to all three credit bureaus to remove any record of the collection. This process will increase your credit rating around 10 to 15 points, depending on how many collections you get a letter for.
Once you have gone through this entire process make you do a credit check to see where you stand after 60 days. The results will surprise you because you will have an increase in your overall credit rating.
Veronica
Inquiries on Credit report?
Jen asked:
I didn’t know before that even if I have no credit history/ credit score, the inquiries (when the lenders/creditors pull up a credit check on you) can show up on the report. People say that this can harm approvals for future loans/ credit cards…How long will the inquiries stay on there? I am trying to build credit..so this “penalty of guessing” sucks, since I want to try getting approved, but I don’t want to harm my report. I currently have a secured credit card..but that’s my only line of credit I have for now, as I got denied for personal loans and unsecured credit cards because I have no credit history and am a new college student. I haven’t tried applying for department store cards..but..why bother? I most likely will get denied anyways (even if I will pay back in full every month…) So should I just stick with one line of credit for now, because inquiries on my report suck if I get denied? Thanks =)
Pamela
I didn’t know before that even if I have no credit history/ credit score, the inquiries (when the lenders/creditors pull up a credit check on you) can show up on the report. People say that this can harm approvals for future loans/ credit cards…How long will the inquiries stay on there? I am trying to build credit..so this “penalty of guessing” sucks, since I want to try getting approved, but I don’t want to harm my report. I currently have a secured credit card..but that’s my only line of credit I have for now, as I got denied for personal loans and unsecured credit cards because I have no credit history and am a new college student. I haven’t tried applying for department store cards..but..why bother? I most likely will get denied anyways (even if I will pay back in full every month…) So should I just stick with one line of credit for now, because inquiries on my report suck if I get denied? Thanks =)
Pamela
Useful Information About Credit Report Addresses
Hector Milla asked:
Credit reports usually carry such information as your personal details, credit accounts and the transactions, people who have been looking at your reports, all the lenders you have borrowed loans from and how you repaid them. Your addresses form part of your personal details. Finding something such as a transaction you do not know about is easier since you only look at the relevant section in your report.
The reports normally come with a number of addresses including your address and the addresses of your creditors. It is important to have all the addresses of the three credit reporting bureaus because you will definitely need them. You need to know how to contact them whenever you want to access your credit report or need to send a dispute letter to them. The telephone numbers come in handy when you want to call them to confirm something. In case you are an identity theft victim, the address on your report may be showing a different location probably given by the person who is using your credit cards hence verifying your address every time you get your report is one way to discover that.
Your own address must be correct at all times to avoid your reports being sent to another location. The best is to get a three in one credit report and check that the previous and current addresses showing on the reports are the same and correct. Credit report addresses also help you find the contacts of all the lenders you have dealt with and use to communicate to them in case of anything such as wrong entries on your report provided by them. It is important to check the details of the creditors to make sure they are the ones you borrowed loans from and that the details they provided are accurate.
You can browse online to get the addresses of the three credit reporting agencies if you have never dealt with them before to request for the reports. The address for reporting identity theft is also given and this is important when you realize your identity is being used by someone else.
Howard
Credit reports usually carry such information as your personal details, credit accounts and the transactions, people who have been looking at your reports, all the lenders you have borrowed loans from and how you repaid them. Your addresses form part of your personal details. Finding something such as a transaction you do not know about is easier since you only look at the relevant section in your report.
The reports normally come with a number of addresses including your address and the addresses of your creditors. It is important to have all the addresses of the three credit reporting bureaus because you will definitely need them. You need to know how to contact them whenever you want to access your credit report or need to send a dispute letter to them. The telephone numbers come in handy when you want to call them to confirm something. In case you are an identity theft victim, the address on your report may be showing a different location probably given by the person who is using your credit cards hence verifying your address every time you get your report is one way to discover that.
Your own address must be correct at all times to avoid your reports being sent to another location. The best is to get a three in one credit report and check that the previous and current addresses showing on the reports are the same and correct. Credit report addresses also help you find the contacts of all the lenders you have dealt with and use to communicate to them in case of anything such as wrong entries on your report provided by them. It is important to check the details of the creditors to make sure they are the ones you borrowed loans from and that the details they provided are accurate.
You can browse online to get the addresses of the three credit reporting agencies if you have never dealt with them before to request for the reports. The address for reporting identity theft is also given and this is important when you realize your identity is being used by someone else.
Howard
Would a legitimate landlord ask for a credit check before ever meeting with you?
Posted by admin in Polls & Surveys on October 18, 2010
Jess asked:
I found an ad for an apartment on craigslist. After I sent an email I received what I assume is an automated response (it was sent within the same minute).
I found an ad for an apartment on craigslist. After I sent an email I received what I assume is an automated response (it was sent within the same minute).
The guy said that because he does not live in the area he would rather make sure his tenants are eligible to rent from him and would need to send a credit report.
I have never done this before but I am pretty sure that my credit report will have ALL of my personal info ( social, date of birth, address) and I would prefer to not have my identity stolen. Am I being too paranoid? I know that landlords require a credit check, but do they ask for it without ever meeting you in person?
sorry for posting it here, but noone else ever really answers questions besides here and mens health…
Rhonda
My apartment manager has stolen my personal information to apply for a credit card?
Posted by admin in Renting & Real Estate on July 13, 2010
sandy asked:
I am a new tenant of this apartment complex for few weeks and last weekend I have found out from my bank that someone has applied to for a credit card using my personal data and have been issued a card to my new address before I have even move-in to this new place. The only person who had know this new address was the manager of the building when I have filled out an application for a credit check and myself.
The on-line credit card statement shows the transaction around the days when I have move to new address. I couldn’t have access to my mailbox because she had given me the wrong key and didn’t get the right key until a week after I have move in. When I called the owner of the building and told him what had happened and requested of my full refund on deposit and the rent, he neglects and refuses my request and saying that I can’t accuse someone without any evidence. My bank is in process of investigating this matter and I will have full report.
Could you help me if you know any..
Stephanie
I am a new tenant of this apartment complex for few weeks and last weekend I have found out from my bank that someone has applied to for a credit card using my personal data and have been issued a card to my new address before I have even move-in to this new place. The only person who had know this new address was the manager of the building when I have filled out an application for a credit check and myself.
The on-line credit card statement shows the transaction around the days when I have move to new address. I couldn’t have access to my mailbox because she had given me the wrong key and didn’t get the right key until a week after I have move in. When I called the owner of the building and told him what had happened and requested of my full refund on deposit and the rent, he neglects and refuses my request and saying that I can’t accuse someone without any evidence. My bank is in process of investigating this matter and I will have full report.
Could you help me if you know any..
Stephanie
Would a legitimate landlord ask for a credit check before ever meeting with you?
Posted by admin in Renting & Real Estate on May 10, 2010
Jess asked:
I found an ad for an apartment on craigslist. After I sent an email I received what I assume is an automated response (it was sent within the same minute).
I found an ad for an apartment on craigslist. After I sent an email I received what I assume is an automated response (it was sent within the same minute).
The guy said that because he does not live in the area he would rather make sure his tenants are eligible to rent from him and would need to send a credit report.
I have never done this before but I am pretty sure that my credit report will have ALL of my personal info ( social, date of birth, address) and I would prefer to not have my identity stolen. Am I being too paranoid? I know that landlords require a credit check, but do they ask for it without ever meeting you in person?
Lillian