Q. Is it possible to get my Line of Credit that’s reporting to the bureaus as a “Revolving” account type to reporting as an “Installment” account? It’s killing my FICO scores! A. A “revolving” account is one where the balance fluctuates due to payments or withdrawals against the available credit limit. A credit card is [...]
Entries Tagged as 'credit bureau'
Credit Bureau Reporting an Equity Line of Credit as Revolving Instead of Installment
January 31st, 2012 · 2 Comments · Mortgages
Tags: credit bureau·credit report·Credit Score·equity line of credit·installment loan·revolving account
How Do I Report Information to a Credit Bureau?
November 22nd, 2011 · 2 Comments · Credit Bureaus and Scores
Q. How can I report a tenant with good rental history to improve their credit? A. You, as a private party cannot report anything on a credit report, good or bad. I’m assuming you want to do this because a) you’re a nice person who wants to help b) your tenant wants to buy your [...]
Tags: business report credit·consumer credit database·credit bureau·credit report·data furnisher's agreement·Datalinx·FCRA·Metro 2 format
When To Sue a Creditor, Credit Bureau or Collection Agency
September 28th, 2011 · 3 Comments · Credit Repair
If a creditor, credit bureau or collection agency has violated one more more of your rights, it’s worth considering a lawsuit.
Tags: collection agency·credit·credit bureau·credit report·Credit Scores·creditor·debt·lawsuit·legal action·sue
Collection Agency Trying to Get Me to Pay After I Already Settled
May 17th, 2011 · No Comments · Credit Bureaus and Scores, Debt Settlement
Q. After settling w/a collection agency in March of this year, I thought everything was fine. My credit reports were updated a month later showing that the debt was paid. Yesterday, I noticed that the credit bureau is re-reporting the debt as owing. I do have proof of the settlement: the settlement offer letter and [...]
Tags: collection agency·credit bureau·credit report·Debt Settlement·FCRA·FDCPA·reinsertion of information
