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Credit Reports

Types of Credit Reports:
 -Single
 -3-in-1
 -Credit Monitoring System
 -Free Credit Report

Credit Report Basics:
 -Ordering a Report Yearly
 -Common Questions
 -Determining Scores
 -Interpreting Reports
 -Disputing Errors
     --more basics

Credit Achieving Tips: 
 -Improving Credit Scores
 -Building Credit
 -Re-building Credit

Identity Theft


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COURT ACTION
This is subject in which you never want to get involved in. Suppose you neglected to pay your cable bill and a judgment has been issued against you. As a result you will see activity on your credit report under the heading 'negative information'. This black mark will be present on your record for seven years.

Tips: Most consumers are unaware that unsatisfied judgments are more impacting than those paid off. Therefore, reaching out to your original creditor to try and negotiate an arrangement is a wise idea. Usually, judgments are not reported with the company through which you received your judgment, but rather go through the third party agencies that have dealt with the court. It is also important to note that they are not as fast as credit card companies when it comes to reporting accounts that have been satisfied. Therefore, if you have paid off your account, you should submit a dispute to all three of the credit reporting bureaus to expedite your account being marked as current. You will probably want  want to submit a dispute to the credit reporting agency stating that the account has been satisfied.

Also, you could add a statement to your credit report explaining why this mark is uncharacteristic of you. Perhaps you got in a bad situation with large and unexpected medical bills and that set you back. Adding a comment may help you with lenders who look at full reports, which mortgage lenders do.

Credit Score Blunders
-Account in Collections
-Court Judgments
-Foreclosure
-Bankruptcy
-Too Much Debt
-Late Payments


 

 

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