What Are Account “Ratings” on my credit reports?
What Are Account “Ratings” on my credit reports? Auto Loans by John Ulzheimer Share Share Email Have you ever seen an actual raw credit report? Meaning, a credit report that has been produced directly from a credit reporting agency for the purposes of lending and not a credit report cosmetically changed for consumer consumption. If […]
A Brokerage Account vs. an IRA: What to Know
A Brokerage Account vs. an IRA: What to Know Credit for Beginners by David B. Coulter Share Share Email While they both hold financial assets, a brokerage account and an IRA (Individual Retirement Account) are two different types of accounts. The main difference between the two is that an IRA is an account used for […]
Why isn’t an account removed from my credit report after it is paid?
Why isn’t an account removed from my credit report after it is paid? Credit Cards by John Ulzheimer Share Share Email Your credit report includes both current and historical account information. Credit grantors want to make a lending decision based upon both historical and current payment behavior. Historical information is an indication of how you […]
Are Checking Account Fees Going Up?
Are Checking Account Fees Going Up? by John Ulzheimer Share Share Email MoneyRates.com conducts a semi-annual study on banking trends on checking and Automated Teller Machine (ATM) charges in the U.S. The latest study was conducted in July 2012 and revealed that checking account fees at banks increased in every major category, compared to December […]
Are Joint Account Holders Responsible for Half of The Debt?
Are Joint Account Holders Responsible for Half of The Debt? Auto Loans by John Ulzheimer Share Share Email For joint account holders and co-signers…we’re in this thing 50/50, right? This question is usually asked by someone who is getting a divorce and is wondering what to do about his or her “joint” debt with someone […]
Paying Off a Collection Account
Paying Off a Collection Account Debt Management by David B. Coulter Share Share Email Settling Old Accounts If you want to make wiser use of credit, then negotiating a settlement for any past due amounts can help you in developing the right mindset for avoiding future debt. However, before you take action, you will first […]
Why isn’t my checking account on my credit reports?
Why isn’t my checking account on my credit reports? Credit Cards by John Ulzheimer Share Share Email When you open a checking account, it’s very possible that the financial institution will reviews your credit report. I just opened an account with a local credit union here in Georgia and they pulled my credit report before […]