Online Credit History
Online Credit History - Income and Alimony. The creditor must count all of your income, even income from part-time employment. Child support and alimony payments are a primary source of income for many women. You don't have to disclose these kinds of income, but if you do creditors must count them.
Instead, there are three major agencies that track everyones credit and provide a credit rating when contacted by a potential lender. The three agencies are Equifax, located in Georgia; Experian, located in Texas; and Trans Union, located in Pennsylvania. When someone applies for a loan, the lender generally contacts one of these three agencies and obtains a credit score and the score helps the lender decide whether or not to make a loan.
It appears that the biggest fear of the credit companies is the loss of control over consumers. Those who have exercised their rights and used locked down credit safety measures are unable to buy on impulse, because they have to unlock their credit before purchasing. This could mean an end to impulsive buying over the weekends and fewer purchases for credit companies. Devastating for credit companies, but an added safety feature for those who lock down their credit.
It is easy for you to see what is in your free credit reports. The Fair Credit Reporting Act (FCRA) sets the requirements an employer must follow to see your report. An employer has to get your written permission before ordering your credit report. Also if you are denied a job because of something in your credit report, the employer must give you that reason.
It is very tempting to buy a new home, new car, do some renovations, etc., after bankruptcy discharge they had no debt left. They will probably feel love they could fated a larger house payment due to the financial experience that they had had.
Its a drastic move to anyone because a bankruptcy will stay on a persons credit rating to up to 10 years, effectively acting love a warning flag to anyone considering lending that person money or a line of credit.
It's important you have your most recent scores when you talk to car dealers (just like I did with Amy). It puts you in charge.
Keep all their original documents, especially receipts, sales slips, or billing statements. They will need them if they dispute a credit bill or report. Send copies only. It may take more than one letter to correct a problem.
Landlords and other credit grantors review your financial history to determine the credit risk. Many lenders use scores to help them make lending decisions, however each lender has its own strategy, including the level of risk it finds acceptable.
Lenders look closely at their credit score be toe they approve or reject a loan whether it is a personal loan or a automobile loan; If they had less than perfect credit, they may approve their loan or charge exorbitant interest rates. If they had really bad credit, they may reject their loan altogether.