I’ve heard many people complain bitterly about the American credit scoring system. There are many arguments for and against the system. Yesterday, I talked about the merits of the credit scoring system. Today I will give arguments against the system.
Proponents of the system will argue the credit scoring system is [...]
Entries Tagged as 'Credit Bureaus'
Should Personally Guaranteed Business Credit Cards Appear on Your Credit Report?
October 22nd, 2009 · 1 Comment · Consumer Info, Credit Bureaus and Scores, Credit Reports
This question of whether business credit cards which are personally guaranteed should appear on your credit report recently came up on our discussion boards. I myself have two business credit cards and each one is linked to my IRS-issued Employer Identification Number (EIN). However, each card also required me to give my personal [...]
Tags: business account·business credit·Credit Bureaus·Credit Cards·credit law·Dunn & Bradstreet·Equifax·Experian·personal guarantees·report to bureuas
Multiple Credit Report Item Dispute – One Letter or Separate for Each?
July 30th, 2009 · 2 Comments · Credit Repair
When disputing errors on a credit report, the question of whether a consumer should dispute all of the items in one letter or send a separate letter for each is a question which never fails to come up during the credit repair process.
Q. I have 5 items I’d like to dispute [...]
Tags: certified mail·certified mail return receipt requested·Credit Bureaus·Credit Repair·credit report·CRRR·dispute letter·negative itmes·written receipt
Experian Cutting off Consumer Access to FICO Scores
February 6th, 2009 · 4 Comments · Credit Bureaus and Scores, Credit Reports
Yesterday, I was surprised by an announcement from Experian, who announced that after February 14, 2009, it will no longer offer the FICO score based on its credit database. I consider this a move to force lenders and consumers to abandon the FICO credit score model developed by Fair Isaac and use instead the its [...]
Tags: Credit Bureaus·Experian·FACT Act·FICO score·myfico.com·PLUS Score·VantageScore
