Credit Facts, News and Information

I was recently turned down for credit due to supposedly too many credit inquiries. After checking my report I found 7 in the last 3 months. I do not believe they are all mine. How do I have them removed or if I cannot how long will they adversely affect my credit?

My fiance and I got in a little disagreement a little while ago about how long collections stay on a credit report. He says that after 7 years they will be removed from a persons credit report – whether they are paid or not. I disagree with that. Why would collection agencies just “give up” [...]

These two simple metrics can save you a lot of pain. View full post on Fool.com Headlines

View full post on Fool.com Headlines

I checked my wife’s credit report and she has 3 accounts with late payments from several years ago prior to us being married. One was past due 60 days, one was past due 30 days a few times, and one was past due 120 days. How long will her credit rating be impacted by these [...]

The fine print can hold a lot of insight. View full post on Fool.com Headlines

Is there a service that will provide private lenders with payment history reporting on debtors’ credit reports? I have a mortgage from a private lender (not a relative, a private institution). The mortgage does not show up on my credit report at all, which makes my credit score lower than it could be as TransUnion [...]

Spectrum may lose its value as unlicensed wireless becomes more popular. View full post on Fool.com Headlines

Back in 1997, I ran into some financial trouble and took out a loan for the balance on a mobile home I once owned. I defaulted on the loan that year, but it is still on my credit report. I wrote letters to the bank and to the credit reporting agencies, and this is still [...]