Children make a tempting target for identity thieves – theft of a child’s identity may go undetected for years. Most parents apply for a Social Security Number after a new baby is born, which is all that’s required to open most credit accounts. It could be years until a child applies for credit in his/her own …
Tag Archive: credit report
5 Simple Steps to Better Credit
There are five simple steps to better credit management. Step 1: Get the facts The first step towards better credit management is to see a clear picture of your credit profile. Order your credit reports, credit scores and debt analysis online to get a comprehensive current status. Check that the data from TransUnion, Equifax and …
The Difference Between a Fraud Alert and a Credit Freeze
If you believe you are a victim of fraud or identity theft, TransUnion has two different types of services that you may wish to explore: A Fraud Alert or a Credit Freeze (also known as a Security Freeze). Fraud Alert A Fraud Alert is a cautionary flag, which is placed on your credit file to …
Credit Disputes and Adjustments
An accurate credit report is essential to your financial well-being. As your trusted source for credit information, TransUnion offers quick, online access to credit dispute services – it’s fast, easy and secure. You can also choose to initiate a dispute by phone or mail. When TransUnion receives your dispute request, typically we will contact the …
How to Live Debt-Free: Tips to Help Eliminate Debt
Paying down debt may reduce the rates you could pay on future loans and save you a lot in interest payments Making a long-term effort to pay down debt can eventually allow you to live more debt-free. With just a simple debt management plan, you can live debt-free. Get the facts. Collect all your account, …
Credit Reports: Mistakes and Inquiries
How Credit Report Mistakes Are Made When a credit report contains errors, it is often because the report is incomplete, or contains information about someone else. This typically happens because: The person applied for credit under different names (Robert Jones, Bob Jones, etc.). Someone made a clerical error in reading or entering name or address …
What’s Not in your Credit Score
FICO® scores consider a wide range of information on your credit report. However, they do not consider: Your race, color, religion, national origin, sex and marital status. US law prohibits credit scoring from considering these facts, as well as any receipt of public assistance, or the exercise of any consumer right under the Consumer Credit …
Credit Scoring and How it Works
Credit scoring is a statistical method that lenders use to quickly and objectively assess the credit risk of a loan applicant. The score is a number that rates the likelihood you will pay back a loan. Scores range from 350 (high risk) to 850 (low risk). There are a few types of credit scores; the most …
Take Our Team With You…
