Tag Archives: error

Learn From Your Mistakes to Improve Your Credit Score.

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learn from your mistakes to improve your credit scoreEveryone makes mistakes that will affect your finances and credit score.

The important thing is to not beat yourself but rather learn from them.

Take some time to analyze where you went wrong so you will better understand how to make changes to protect yourself from making the same error in the future.

Some Ideas…

- Is the main issue overspending while shopping?

- Do you need to be more organized so you don’t overlook paying bills?

- Does the amount of your bills simply surpass your income?

- Are you taking time to insure you aren’t being overcharged for bills or that you’re not paying for things you don’t need or no longer use?

These are just a few ideas to get the ball rolling.

Take some time to look at your history and what you can do fine tune your personal finances.

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Contact Creditors as Well as Credit Bureaus With Errors on Your Credit Report.

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When someone finds an error on their credit report, they usually only contact the credit bureaus.

Although this is the most effective way to immediately resolve the issue, you should in some cases contact the creditors whose account has caused the error on your credit report.

For example if you notice a credit card company has you listed as having late payments
when you paid on time, then it is time to contact the credit company and ask how to
resolve the problem.

The information reported about you to credit bureaus should be accurate – if it is not, then the credit company should work to make sure that they correct the problem so that it does not happen again.

You have an advantage in this – the credit company, unlike the credit bureau,
depends on your business for their money.

This means the credit company (or any other bill company presenting inaccurate information about you) is well motivated to correct the problem or risk losing you as a client.

If you find a company consistently reports inaccurate information about you to credit
bureaus, consider making a formal complaint to the company or switch companies.

There is no reason why one company’s poor organization should cost you your good credit score.

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1 in 7 Chance Someone Else Has Used Your SSN… Identity Theft Protection Sound Interesting?

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An eye opening analysis of 290 million Social Security Numbers in the USA have found 40 million of them have been attached to more than one name.

This is not to say there are 40 million cases of ID theft out there but even a human error that affects your file…STILL affects your file.

Such errors and intentional incidents of theft can have significant and long term effects on your credit rating, financial status in general and your reputation in the market place.

It is best to keep educated as to what is happening in this arena and to be informed as to your options to protect yourself.

You can begin by reading a MSNBC post about this subject…

http://redtape.msnbc.com/2010/12/odds-someone-else-has-your-ssn-one-in-7.html

If you want to look at a 14 day free trial of Identity Theft Protection (and get a free credit score from all 3 bureaus at the same time) click here

Get Identity Theft Protection

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Hear No Evil, See No Evil Doesn’t Work When it Comes to Your Credit Score…

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It’s so easy to simply think “all I need to do is pay my bills on time and my credit score will take care of itself”.

Unfortunately it isn’t quite that simple.

According to the Credit Score Club website 79% of credit reports and scores contain errors caused by the credit bureaus or the companies issuing you credit.

These are errors that can directly influence your score in a negative light and errors that you will never be aware of unless you take the time to pull your annual report regularly and check it over to insure it’s accuracy.

Check out the excerpt below and then make sure your credit report is error free by clicking here free credit score error

“Credit reports are not perfect documents although the sensitivity of information they cradle, if badly handled, can pierce through a person’s entire life. There are several studies made since 1990s and all found careless practices credit bureaus are guilty of that can lead to errors on credit reports.

The most recent study revealed that 79 percent of credit reports existing carry errors. This is seriously alarming.”

To read the full Credit Score Club article click here http://creditscoreclub.com/credit-score-articles/credit-mistakes-we-are-not-guilty-of

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