As of 2018, new protections for service members & veterans were signed into law. Highlights are: Free security freezes and one year fraud alerts at the 3 credit reporting agencies (Equifax, Experian, Trans Union); Holding lenders to more stringent requirements […]
Law
February 22, 2019
Changes To Credit Reporting #1
Good News! Nationwide credit reporting agencies (Equifax, Experian & TransUnion) can no longer report on individual credit reports 50% of tax liens and almost all civil judgments. This is because tax liens and civil judgments are public records and under […]
Advice
February 20, 2019
Types Of Identity Theft
The best way to prevent identity theft is to be aware of the ways it can happen. Here are some examples: Pretexting: Impersonating another by calling under the “pretext” of being that person to gain personal information. For example the […]
Advice
February 14, 2019
New Security Clearance Guidelines For Servicemembers & Credit Reports
The federal government recently implemented new guidelines requiring the Department of Defense to continuously monitor the financial status of servicemembers who have security clearances. This means that a past-due bill or an error on your credit report could jeopardize you […]
Advice
February 12, 2019
Are You An Identity Theft Victim?
How can you tell if you are a victim of identity theft? First, Review Your Credit Report. Your credit report has your personal credit history, personal information and includes who requested to receive a copy of your credit report. By checking your credit […]
Advice
February 7, 2019
Identity Theft & Domestic Violence
Domestic violence victims are vulnerable to identity theft because perpetrators of the abuse often have easy access to confidential information that can be used to open new credit cards and lines of credit. With knowledge of confidential information, perpetrators can […]
The Consumer Financial Protection Bureau has reported that the federal government has implemented new security clearance guidelines that make it more important than ever for service members to monitor their credit reports. The Department of Defense will now “continuously” monitor […]
Uncategorized
July 26, 2018
What Does Charge Off Mean
Did you ever wonder if you still owe a debt when you see “charge off” on an account balance listed on your credit report? Here is Experian’s explanation of what charge off means: https://www.experian.com/blogs/ask-experian/what-does-charge-off-mean/
Uncategorized
February 28, 2018
Obtaining a Free Copy of Your Credit Report
You are entitled to a free copy of your credit report from Equifax, Experian and Trans Union (each) online once every 12 months. Go to www.annualcreditreport.com and follow the prompts to request your free credit report from Equifax, Experian and Trans Union. […]
Law
February 27, 2018
Judgments On Your Credit Report
A judgment is a public record appearing on credit reports that has been a major roadblock to individuals being approved for credit, mortgages, insurance coverage and even jobs. Did you know that as of last July, Equifax, Trans Union and […]