Category Archives: Equifax Program

So Many Scores so Little Time

There are lots of different credit scores offered on the web. If you are starting a credit repair program you may want to benchmark your scores. So you are likely to go online, pick out a website and pay the price. Unfortunately, the odds are that the scores you purchase will have no resemblance to the scores a lender will use to underwrite a loan.

College students are running up an alarmingly large amount of credit card debt these days and it is only increasing with the passage of time. The average undergraduate student carries $2,500 in credit card debt and by the time they graduate from college, they are beginning their new lives in the “real world” with debt that they can’t pay.

A lot of people can find themselves in a very difficult situation simply because they made some financial mistakes in the past. A lot of prime financial institutions require you to have high credit score and spotless credit file to be eligible for low interest lines of credit or even for a credit card. But what about consumers that made bad financial decisions, overextended their ability to pay back their creditors and had to file for bankruptcy? Even if you had to go through credit counselling services and paid back your debts, but did not fulfil your contractual obligations with your creditors, you credit worthiness is ruined. If you’ve gone through a bankruptcy and credit counselling program, you will have to rebuild your credit before any kind of credit will be extended to you. Rebuilding your credit can be a lengthy process and requires time and patience. First thing that you should do is to obtain your credit file from main credit reporting agencies. There are two main credit reporting agencies which are: Equifax and Trans Union. Obtaining your credit report is not a very difficult procedure and can be done instantly online for a fee between $15-$40 dollars or free of charge by mail. In order to obtain you credit report by mail you will need to fill out an application form (that can be downloaded from www.transunion.ca and www.equifax.com) and attach 2 pieces of id and a utility bill. You can either mail or fax your application to credit bureaus. It usually takes 7-10 business days to receive a copy of your credit file by mail. Once you get a copy of your credit file you should look for any discrepancies. If you declared bankruptcy and were discharged, all former creditors have to stop reporting to the credit bureaus after the discharge date. The same should happen to any collection items if any have been reported on your credit file. If you find any discrepancies you can download and fill out a dispute form from www.transunion.ca and www.equifax.com and submit it to the credit bureaus. Credit bureaus have to investigate your dispute and make appropriate corrections in your credit profile. Once all the discrepancies are eliminated, you will have to wait some time before all previous activity is removed from your credit file so you can start rebuilding your credit from scratch. If you went through a credit counselling program, it will take about 4 years after your program is completed for all the R7 accounts to be removed from your file. If you filed for bankruptcy it might take up to 10 years for the bankruptcy to be dropped from your credit file.

My credit scores are 724, 691 and 684 for Transunion, Equifax and Experian respectively. The only issue I have is that my Equifax report shows eight inquiries within the past two years (an identity theft issue that I cleared up but haven’t got around to getting the inquiries removed). The others show only llike three or four. I also don’t have much revolving experience on my reports. I had one credit card in 2002 which I closed within six months in good standing. I have three auto loans, two of which are paid and my current one for which I have never been late on a payment. I also have one personal loan that has like two or three more payments left. What wouild be the best lending institution to apply for a credit card through. I’m not a big fan of annual fees and would be interested in some type of member rewards program. Try getting a free online auto loan quote. http://www.autoadvicetips.com/Auto-Loans.html The questionairre will give you results based on your credit and financial situation. It’s free and you can get an answer in minutes.

658 is transunion, 582 equifax… experian is not known.

I am disputing 2 things on my reports as they are fraud and i recently opened a secured visa account that reports to all agencies.

I am a 25 years old single mom with a stable job and an income of 50000+. However, I have poor credit. My credit score is at a 621 with Experian, 580 with Equifax and a 531 with Transunion. I want to learn more about purchasing a home and first-time homebuyers programs and financing. Should I go through these homebuyer programs? For example, Acorn Homebuyers program or OPeration Hope. Do anyone have any suggestions or experience they want to share? Some people say it’s worth it and they bought their home through the program. But I am confused what do they do. How do they help with your credit? Do they help you save money? Basically what’s the big deal with joining a program. Can someone please help me understand this whole process?

I bought it last march(doh) but never figured out how to use it. I think I was supposed to go online and create a login somewhere but I never had time. Anyway the question is, how does it compare to trucredit and equifax 3-score watch and the myfico program. Does anyone know the pros and cons and more importantly the features that you get with it? I am thinking of cancelling it but just wanted to at least know what I am cancelling before I do so lol. btw I pay $7.99 a month for it if that helps anyone identify the service. And all it shows in my statement is "CREDIT SCORE TRACKER 888-201-1440 UT" next to the price with no url or anything. Hello,

the problem is simple my fatther and i have the exact same name only the different middle initial

he is H.G.M i am H.C.M

experian – 716 equifax- 689 transunion – 680

which one will they use, i want to sign up for a certain program but they said i need a score over 700 This should help explain it to you.