Posts Tagged ‘History’

Two charged in credit history fraud case
Kansas City — Federal prosecutors have charged a California woman and Florida man with helping at least three people build false credit histories that allowed them to obtain millions of dollars in mortgage loans.

Read more on The Springfield News-Leader

The St. Louis Community Credit Union has more tips on how you can convince lenders to loan you money. Follow these rules and you’ll have a great credit score.

Will Bad History Repeat With Congress And The IRS?
Taxpayer advocate warns service is suffering, while enforcement and taxpayer burden are increasing. She sees parallels to 1990s.

Read more on Forbes

I got my first credit card in June of 2006. My payments have never been late. Every 30 days the credit card company reports account status to all 3 major credit reporting agencies. Transunion and Experian both are showing my account correctly, but Equifax is not showing it at all! I had to pay Equifax $20 for my credit report just to try to dispute it and now I get a bunch of crap for the customer service center. I know my credit card company is reporting my info. In fact just yesterday they did another report to Equifax and Equifax is still saying they have no record of the account. I’m really upset over this mess and I want an investigation by FTC and possibly the Attorney General for the state for the Equifax corporate office. What would you do? What is the best way to get immediate action?

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I need to rebuild credit history but I don’t want a ton of credit inquiries dragging my score down…
I do not currently have any debt I just need to build recent credit history.

Identity theft can happen when your personal information is stolen to open up new lines of credit. Identity thieves commonly use your name, address, social security number and mother’s maiden name to create fake identities. Eventually, you will be held responsible for these accounts that you didn’t know existed. The long-term damage to your credit history from identity theft can be more damaging than the short-term effects. Watch this Expert Real Estate Tips video on Identity Theft for more information on how to protect yourself from identity theft.

US bank lending falls at fastest rate in history
Record contraction raises concerns that the Federal Reserve may have jumped the gun by withdrawing emergency stimulus.

Read more on Daily Telegraph

My current credit score is 745 and I’ve built it solely by using credit cards and paying on time (but never had any loans). Somebody told me that the abscence of installement-paid loan will prevent my score from climbing much higher. Is it true? Should I take some consumer loan to boost my credit score since I am planning to apply for a mortgage in the near future?

I just got my credit report but it doesn’t list my college loans that I paid off quite a few years ago or my payment history on former credit cards. Wouldn’t this information improve my credit profile?
I paid off my guaranteed student loan early (in 18 mths) and have almost always paid off my credit cards each month (first card in 1980). Since I don’t have a lot of credit activity at the present time I was wondering if that history from about 20 yrs ago would be taken into consideration if I were to apply for a large loan now (car, house)?