Credit Repair – Credit Coaching To Repair Bad Credit - 1st Rate Financial

If you considering buying a home for the first time, there are a lot of things to consider before you make the plunge. Buying a home is usually the biggest investment you will make, and you owe it to yourself to find out about and evaluate all of the opportunities and risks you will be [...]

Credit bureaus are for-profit companies that track personal, financial and credit information on individual consumers. Each person has three credit reports, one from each of the three major credit bureaus: Equifax, Experian and Transunion. Most of the information on the credit report comes from creditors who report information about your accounts with them to the [...]

Say your goal is to have excellent credit. What does that really mean? Transunion, one of the big three credit bureaus, gives us some insight. • Three or four revolving credit cards such as Visa, Mastercard, Saks 5th Avenue, etc., with very high credit lines, $10,000 or more each. Very low balances on one or [...]

There are five categories that the FICO credit score takes into account in its calculations:  Payment history – 35% of the score  Amounts owed on accounts – 30% of the score  Length of credit history – 15% of the score  New credit inquiries – 10% of the score  Types of [...]

A few years ago, Congress passed a law called the Fair and Accurate Credit Transactions Act of 2003, or the FACT Act. This law extends some of the consumer protection measures established by the Fair Credit Reporting Act (FCRA), the main law dealing with consumer credit rights. The FACT Act has as some of its [...]

When a consumer has been the victim of identity theft, time makes all the difference. Thieves know that it is only a matter of time before they are found out and their use of your information and credit is stopped. Therefore, the quicker you can discover the problem, the less money you will stand to [...]

If you have a sub-prime adjustable rate mortgage and are behind in your payments or fear that you may have trouble when your ARM resets, there are a number of public and private resources that can help you get through the crisis with your home. Your Mortgage Lender The company that holds your mortgage is [...]

If you have been a victim of identity theft, you are not alone. Millions of Americans are in the same boat, having had their personal information stolen and used by thieves to apply for credit, make purchases, or open accounts. If you did not have identity theft insurance in place, you need to take a [...]

Identity theft continues to be a plague, severely impacting the financial health of millions of Americans. Consumers who are the victims of identity theft can lose thousands of dollars and years of fighting bureaucratic red tape as they are forced into situations where they are continually asked to prove that they are who they say [...]

A survey done by the Consumer Federation of America (CFA) in 2004 shows that almost half of all Americans are unclear about what a credit score measures and other important facts. Only about a third of the respondents understood what the credit score measures. The credit score measures a person’s credit risk. Banks and other [...]