August 26, 2019

Is it Legal to Have Accurate Information Removed?

Show me a law that shows that credit information must be reported to the credit bureau… I’l wait… Can’t find one? That’s because there are NO laws that say credit information must be reported to your credit report in the first place. There aren’t event any laws that say the credit bureaus have to exist. There are no laws that say credit report information has to […]
April 29, 2019

Handling Credit Limits Not Reporting Accurately on Credit Reports

Usage of credit accounts for 30% of a credit score. Consequently this is a very important factor in the FICO scoring model. Usage is calculated by dividing your current balance by the credit limit. For example; $500 balance on a credit card that has a$1000 limit: $500/$1000 = 50 % Usage Percentage Affects on the FICO Score In addition, higher utilization rates  lowers credit scores. […]
February 11, 2019

Authorized User Accounts

For many years adding someone on as an authorized user to a well-established account was the mecca of instant credit score increases and instant approvals. Adding authorized users became widely known the great impact of adding additional accounts with high credit limits and lengthy history. a new business model was quickly created- “Tradelines for Sale”. Therefore vendors contracted with credit worthy consumers to “Rent” their […]
January 7, 2019

The Importance of Correcting Inaccurate Personal Information on your Credit Report

Inaccurate personal information is commonly a cause of severe credit issues and complications. Personal information errors include name, address, SSN, and more. The errors can easily cause multiple individuals files to be improperly merged. The merging of file data in most cases will prevent a consumer from obtaining the highest credit rating. The most common files to see improper data merged is with family. Personally, […]