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What’s a Mixed Credit Report?
In late July 2013 a jury awarded an Oregon woman $18.6 million over Equifax because of errors on her credit report. Her issue…she had a credit file that was mixed with that of another woman, who...
View ArticlePayday Lenders Get Warning From CFPB Regarding How They Treat Servicemembers
Payday loans are among the most expensive forms of credit available in the U.S. Unfortunately military members often take advantage of these short term, high interest loans that, when annualized, can...
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How do I dispute an error on my credit report?
There has been a lot of discussion recently about credit report errors. First, what are some of the errors that can plague a credit report? The account is not yours, incorrect address, incorrect date...
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Who can legally access my credit reports?
Relax, not everyone can review your credit report. Only those with a legitimate business need can request it for reasons such as: for credit, a service, loan application, or employment. The...
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If I am late on only one payment, will it hurt my credit?
One isolated late payment can impact your credit, but it depends upon how late you were on the payment, which credit score is used and just how late you were. Some scores will give you a break on an...
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What Happens to My Credit If I Didn’t Pay My Taxes?
April 15th, 2013…affectionately referred to as “tax day.” Not only is today a Monday but it’s also the day we have to either file our tax returns or an extension. And for those of us who owe more...
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Why Didn’t My Credit Scores Go Up After I Paid My Tax Lien?
I received the following question regarding the influence of paid tax liens on credit reports and scores. “John, I had a Federal tax lien in 2010. I paid it in 2012. I was under the impression that my...
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Do FICO or VantageScore Sell Scores to Lenders?
FICO is the company that invented credit scores. VantageScore Solutions builds the VantageScore credit score, which is sold by all three credit bureaus (as are FICO’s scores) Since FICO invented them...
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How Can I Get a State Tax Lien Off My Credit Reports?
I received the following email last night from a Twitter follower, @johnulzheimer. “Hi John, Today I was notified by my credit monitoring service that the credit bureaus picked up a county-recorded...
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If I Pay or Settle a Collection Will it Improve My Credit Scores? A New...
A collection account results from an unpaid bill that is usually past due 150 to 180 days (5 to 6 months). When the creditor determines that the account is uncollectable, they usually charge-off the...
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