My Free Credit Report

What do you think it is the most important piece of information while analyzing your credit report? when you apply for a loan what loan lenders use in order to determine the interest rate you will be charged is your credit score, having a good credit score then helps you getting the loan you need and saving money because of a lower interest rate. Consequently, by improving your credit score you do yourself a favor and you should be working on it right now.

Stocks plunge anew as Fed reports further weakness (AP via Yahoo! News)
Wall Street is plunging again, with the Dow Jones industrials down more than 500 points as investors agonize over the faltering economy. Stocks are down on a combination of disheartening economic data, including a big drop in retail sales and a Federal Reserve report that says tight credit conditions are hurting businesses across the country.

JPMorgan, Wells Fargo 3rd-quarter earnings fall on rising credit costs, but beat expectations (Minneapolis-St. Paul Star Tribune)
NEW YORK – In the midst of one of the nation’s worst credit crises, JPMorgan Chase & Co. and Wells Fargo & Co. managed to report better-than-expected third-quarter results on Wednesday.

Pair Of Negative Reports Put Dow Deep In The Red (The Tampa Tribune)
Investors agonizing over a faltering economy sent the stock market plunging all over again today after two disheartening reports convinced Wall Street that a recession, if not already here, is inevitable. The Dow Jones industrials dropped as much as 572 points, more than half their huge 936-point advance from Monday, and all the major indexes fell at least 5 percent.

Economy will take time to recover: White House (Reuters via Yahoo! News)
The latest economic data, including retail sales and payroll reports, combined with the credit crunch mean that the U.S. economy is in a weak state and will take time to recover, the White House said on Wednesday.

Cash or credit (Summit Daily News)
My professional life revolves around credit reports and cash. If I had to have one or the other when it comes time to buying a home I would choose for less cash and better credit.

Miami Heat center Jamaal Magloire will reportedly miss at least six to eight weeks after breaking a bone in his left hand in the team’s preseason game against the New Jersey Nets in Paris, France on Thursday.

A Clean Credit Report is Not Always Easy!
Everybody wants a clean credit report but if your credit has gone south then it is time to take charge and work back towards a clean credit report. The first step you can take to obtain a clean credit report is to request a copy of your credit report from the three main credit bureaus. Look carefully through the report and note down any possible discrepancies.

Credit bureau to get student-loan delinquent list (The Japan Times)
A student loan provider under the wing of the education ministry plans to report delinquent borrowers to a bureau that logs consumer credit histories, a move that may make it difficult for them to access bank loans or use credit cards, sources said Friday. To stem the growing number of overdue payments, the Japan Student Services Organization plans by year’s end to join the bureau, which counts …

Japanese GP: McLaren Mercedes Friday practice report (Motorsport.com)
Vodafone McLaren Mercedes drivers Lewis Hamilton and Heikki Kovalainen emerged third and ninth respectively from Friday’s second free practice session for the Japanese Grand Prix. Lewis completed 40 laps of the Fuji International Speedway, setting a best time of 1m18.463. Heikki did 32 laps and posted a 1m18.803 in a session that saw the top 17 drivers covered by less than a second.

Fitch Report: Liquidity for the U.S. Technology Sector Generally Solid (Business Wire via Yahoo! Finance)
NEW YORK—-In a special report issued today, Fitch Ratings says liquidity for the U.S. technology sector is generally solid, supported by strong cash balances and free cash flow , providing a cushion to address potential liquidity issues.

Pessimism about a protracted economic downturn washed over the financial markets Thursday, sending stocks plunging and further tightening the credit markets. Reports on declining factory orders and a seven-year high in jobless claims stoked fears that the government’s financial rescue plan won’t ward off a recession, and the Dow Jones industrials skidded nearly 350 points.

Credit Repair and Self Empowerment
Wake up! The credit reporting industry is flawed and you may be paying the price. But you are not helpless. A credit repair expert reveals shocking facts that may spur you to action today.

Why Do Lenders Turn You Down
Each time that you apply for credit the lender will carry out a search on your credit report, each of these searches leaves what is known as a footprint. I remember being turned down for credit when buying a sofa which was a complete embarrassment; it turned out that because I had been shopping around for secured loans too many footprints appeared on my credit report.

Consumers Need to Know Their Credit Score
I have been in the real estate industry since the early 80’s. I was a bank closing attorney, and now a full time mortgage broker. I remember the days when we ran a three-bureau credit report for clients and did an analysis of late payments and credit inquiries.

Reasons Why Lenders Are Becoming More Strict About Lending
Many Consumers starting to educate themselves on the in and outs of credit reports and scores. In these rather turbulent times for the economy lenders are tightened up there standards of lending money. You now need a higher credit score to be approved for credit and an excellent score to receive prime interest rates.

Pound Mixed ahead of British Economic Reports (Nasdaq)
(RTTNews) – Ahead of the releases of the British September construction PMI and the Bank of England credit conditions survey reports, the pound showed mixed trading against its major counterparts.

The Truth Behind Common Myths About Your Credit Report

It is truly amazing to note the number of “facts” that many people think they know about credit reports and how various factors affect your credit score that are just simply untrue. For as much importance that is placed on having as good of a credit report and credit score as possible these days, it is critical for the consumer to understand the truth behind how your credit score is affected by various things.

This is especially important in today’s world, as car insurance companies and even many employers are now checking a consumer’s credit report before making a decision about their insurance premiums or making a job offer.

Myth #1: When my fiance and I get married, we will have a joint credit report and the negatives from our individual reports will go away.

Nothing could be further from the truth. Even after you are married, you will still have separate credit reports. Any new credit items added to your report will be the result of opening joint accounts or having your name added to their existing account. Any negative information that was there before will still be there.

Myth #2: As long as my credit cards are not over their credit limit, they will give me a good credit score.

Not completely true. The two worst things you can do to get a bad credit score are to consistently miss or be late with payments, and to go over your credit limit. If you make your payments on time and stay under your credit limit, you will get an “ok” rating on that credit card. But to maximize the number of points you get on your credit card towards your credit score, it is best to keep your outstanding balance at about 20-30% of your credit limit.

Myth #3: When you negotiate a settlement amount with a lender, that account will show up as being fine on your credit report.

Wrong. If you have to negotiate something, that would indicate that you are working on a deal to pay them some amount less than what you actually owe. In that case, it will definitely have a negative effect on your credit score and show up as a negative item.

Myth #4: Closing old accounts will raise your credit score.

Totally inaccurate and in fact, can very potentially have the opposite effect and lower your credit score. Remember, your credit score is a picture of your credit history, and if you close old accounts, your credit history is reduced, thereby potentially lowering your overall score.

Myth #5: The best or only way to raise your credit score is to use one of the companies that specialize in that.

This is the biggest myth and also one of the biggest pieces of hogwash. Some of those companies that claim they can fix your credit can do so to varying degrees, and some cannot do a thing. But the real truth of the matter is that none of those companies can do anything that you cannot do yourself at no charge except for postage stamps. In fact, since you are the consumer who is disputing his or her own credit report, you actually have more clout in this way than those companies do.

Myth #6: Errors on your credit report are rare, and will correct themselves automatically when they occur.

Absolute baloney. The truth of the matter is that the vast majority of consumers have errors on their credit report. Compound that with the fact that those errors do NOT correct themselves, ever, unless you point out the error and dispute it.

Your credit score and credit history are used in a wide variety of places and the use of them is increasing every day. It is definitely worth your time and effort to get copies of your credit report and ensure that it is accurate, which is a huge step towards raising your credit score.

For more insights and additional information about your Credit Report Score as well as getting free copies of your personal credit reports, please visit our web site at http://www.credit-help-center.com