The Government Accountability Office states that as much as 80 to 90% of credit reports have serious errors on them. In other words, only 1 or 2 people out of every 10 actually have a credit report that is 100% accurate! Not exactly the best success rate. Granted not every error on a credit report …
The Real Truth About Credit
Credit expert Dan Beck's blog teaches consumers how to create an "A Rated" credit profile. Dan Beck is the founder and president of Credit Management Specialists.
Why are you paying that Collection?
When it comes to collections, and more importantly paying past collections, there are two common myths that consumers have. The first is that paying a collection will remove it from your credit report. It would be great if that were the case but unfortunately that is not how the FICO system works. Paying a collection …
Don’t try to outsmart your FICO sco...
What is the FASTEST way to improve yo...
A 2011 goal you MUST have…
Popular advice that can be costly…
The Easiest Financial Plan…
It seems that everywhere you go people are discussing the economy. The proof of the bad economy is everywhere, and millions of people are searching for answers. Whether the economy is doom and gloom or it is booming, one constant is the number of financial plans that people have come up with or tried to …
My Credit Score is costing me how muc...
How Bad is Bad?
New numbers have been released that I believe are very informative, but can also be scary unless something is done. When talking about FICO scores, remember the whole purpose of the system is to predict the statistical chance of a consumer being 90 days late, or more, in the next 24 months on an obligation. …
Why aren’t the rules just given?
When most people start being educated about how the FICO scoring system works some of the most common responses are; “that is crazy”, “that doesn’t make sense” and “why can’t they just tell us the rules!” Just in case you are not aware, FICO scores are designed not to be common sense. The purpose of …