Credit report - Free online credit report - Online credit report - Credit report repair - Free credit report - Credit bureau report - Consumer credit report
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To better understand the issues relating to your legal situation or problem, our legal information and other law related facts may be of interest to you
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What to look for in Credit Report.
For starters, make sure the information in your Credit Report is up-to-date. Many companies don't report to the three Credit bureaus as frequently as they should. So if you've recently straightened out a beef with a creditor, it may not have been reported yet. Also, some companies only report when you're late and don't bother reporting that you pay on time. You want to make sure your credit record reflects the good as well as the not-so-good.
Next, scour your Credit Report for information that is old and out-of-date and no longer reflects how you use credit. By law, for example, bankruptcies are supposed to be expunged from your credit records after 10 years. More important, though, the more recent the problem, the more significant it is to the lender. Thus, a 30-day payment that was late three years ago isn't as important as one that was late three months ago. Lenders are more concerned with how you are dealing with credit now as opposed to how you handled it in the past.
Now hunt for mistakes. You may be surprised by how many factual errors you find. For instance, your adult child's credit problems may be reported as yours, especially if he is a "Jr." Or the difficulties of someone who's totally unrelated to you but has a similar name may be in your file as well.
Also look for misdated account closings, particularly when you have had to ask repeatedly to terminate your account. Often, when companies are notified that they have failed to close accounts as previously requested, they close the account on the date of the most recent request instead of the original one. And that can lead to problems because recent account closures are often taken as a sign of financial difficulties.
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Return to all Credit Report legal information
Legal Articles about Credit Report
Credit Report Frequently Asked Questions
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Credit report correction techniques
Many times the credit bureau is busy and does not handle your dispute properly ...
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Basic rights under The Fair Credit Reporting Act
All Federal Laws are in consumer's favor and you will have the advantage ...
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Credit Scoring and the Lending Industry
Credit scoring is crucial to your ability to get a loan. When you apply for a mortgage, your lender ...
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If You Think the Equifax Data Breach Is Scary, Check Out This Statistic
Madison.com
Americans love their credit cards. Like really, really love their credit cards. Earlier this year, the Federal Reserve noted that aggregate credit card debt topped the $1 trillion mark, joining auto loans and student loan debt over $1 trillion in ...
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Debt delay
Universe.byu.edu
So, in answer to your question, yes you can get a mortgage even with student debts and move into your home. In many ... Most students will attend college to better their career prospects. Reports have confirmed a positive correlation between college ...
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