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The Bureaus Get Rich On Bad Credit

Kaylynn Smith - Friday, October 02, 2015
Did you know the credit bureaus are able to make money off of consumer’s poor credit? The job of selling data comes at a price. Depending upon what type of data you need, as a data purchaser, whether you're buying data to evaluate whether or not someone's a good credit risk or you're buying data to send a marketing message to, for a new credit card offer, data is extremely valuable. Credit bureaus make money selling data, so now we have to look at what data is the most valuable data. T ..

Debt Collectors to Refund $60 Million to Consumers

Kaylynn Smith - Friday, September 18, 2015
Last week Bob Sullivan of Credit.com released the following article regarding a lawsuit brought against Encore Capital Group and Portfolio Recovery Associates. The lawsuit resulted in a win for consumers and the two companies will be paying $60 million back to consumers and have been ordered to stop collection on several other debts due to fraudulent collection attempts. Its articles like this that remind us how important it is that we help our clients to verify all debts prior to just ..

How long must negative information remain?

Kaylynn Smith - Monday, May 11, 2015
There are time limits for how long negative credit can remain on the report. In reality, the creditor or the credit bureau can choose to have the negative credit information deleted whenever they please. The FCRA exists to protect against something remaining on a report forever. The credit bureaus would report every piece of information forever if it were not for the FCRA, which dictates that most negative items must be deleted from the credit report in no more than 7 years from the date of la ..

5 Credit Card Habits for Success

Kaylynn Smith - Friday, March 06, 2015
The following article written by Gerri Detweiler of credit.com gives five tips on how to use your credit cards in a way that will have the BEST impact your credit score. 5 Credit Card Habits of Successful People Seems like the rich are different than the rest of us, and it’s not just in the way they handle money. They also handle credit cards differently. Tom Corley, author of the best-selling book Rich Habits: The Daily Habits of Successful People (http://rich ..

How is your credit score calculated

Shawn Stewart - Tuesday, December 09, 2014
Shawn Stewart shawn@guidingyourcredit.com 253-735-4300253-735-4300 (w) 201 S Division Street Suite A Auburn, WA 98001 United States Website (http://www.guidingyourcredit.com/) Facebook (http://www.facebook.com/guidingyourcredit)  ..
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