by oscaracosta | Credit Repair
The Credit Repair Organizations Act (CROA) What you need to know. Signed into law in 1996 by President Clinton, is actually part of the Consumer Credit Protection Act. It requires companies offering credit repair services to be transparent and honest in their...
by oscaracosta | Credit Score Myths
Paying Accounts Off Joe Smith has an old collection account on his credit report. It’s about 5 years old, and he wants to improve his credit score by paying the account off today. Reality – It may worsen his credit score! Right now that account is an account with...
by oscaracosta | Credit Repair
Paid credit repair services when provided by a reputable company is an excellent service. Cleaning up of credit by disputing erroneous information on your credit report is important. The law entitles consumers to have a fair and accurate reporting on their credit...
by oscaracosta | Credit Reporting
Consumer Reporting Agencies (Credit Bureaus) Government Oversight Under the federal Fair Credit Reporting Act (FCRA) the legal term for a credit bureaus is consumer reporting agencies — often abbreviated in the industry as CRA. Consumer The agencies that govern, set...
by oscaracosta | Credit Repair
What is credit scoring? Credit scoring is a system creditors use to assist in deciding whether or not to grant you credit. It additionally it is sometimes used decide the terms you’re offered or the rate you’ll get on a loan. Information concerning you...
