Credit report

Mixed Credit File Errors Lawsuit Investigation

Mixed or merged credit file errors: who is affected? Has another person’s information been included in your credit file? Has it damaged your credit score? Legal help is available. Credit scores are important in everyday life. They play a role in how much interest you pay on loans, which loans you qualify for, and can […]

Credit report

You can get a free credit report every week in 2022. Here’s how

Accessing your credit report has never been easier. The Federal Trade Commission recently announced that the three major credit bureaus, TransUnion, Equifax and Experianextended their participation in a program first launched in 2020, providing Americans with free access to their credit reports on AnnualCreditReport.com. Before this program began, Americans could receive one free report per […]

Credit report

Does your credit report indicate a fake loan or a phantom loan? Know the repair

Photo: iStock HIGHLIGHTS After a recent monetary policy review, the RBI said it had received numerous complaints about fake loans. Almost all fintech lenders follow a flawed process to complete KYC to on-board customers so they can sanction and disburse loans within minutes. They get away with it because people are just starting to take […]

Credit report

Credit Card Fraud Detection vs Credit Report Monitoring: What’s the Difference?

With all of us connected online, fraud has become big business for anyone looking to deceive for profit. Unsurprisingly, credit card fraud tops the list of so-called identity theft crimes. To better understand this, businesses and consumers have better tools. For example, there are credit card fraud detection options for those who accept payments, such […]

Credit report

Klarna’s buying habits will affect the credit report

Woman shopping online Buy-it-now, pay-later company Klarna will start telling credit agencies who is paying on time and who is falling behind. The company said the move could help or hinder its customers’ ability to get credit for loans such as mortgages. From June, banks and credit card companies will be able to see people’s […]

Credit report

Your Klarna payment habits will start to impact your credit report

Klarna will start telling credit agencies if customers pay on time or miss announced payments. The buy-it-now, pay-later business, which offers customers the option to pay for their purchases in installments or at a later date, said that from 1st June, Klarna’s repayment habits will appear on a person’s credit report. The move comes under […]

Credit score

Mortgage rates are rising. Here’s why your credit score matters and 5 ways to improve it

In just a few months, mortgage rates have gone from just over 3% for a 30-year fixed loan to just north of 5%. As potential buyers keep track of these numbers, there may be one thing they’re forgetting: their credit score. The three-digit number has a big impact on the interest rate you’ll get on […]

Credit report

Exact date that Klarna will show on your credit file for the first time

BUYERS who use Klarna’s buy now, pay later services will see these transactions recorded on their credit reports starting next month. This means that lenders will be able to see this loan for the first time – and it could prevent you from getting a mortgage or a credit card in some cases. 1 Klarna […]

Credit report

CFPB Monitoring Report Reveals Illegal Autofills and Breakdowns in Credit Report Disputes

washington d.c. – Today, the Consumer Financial Protection Bureau (CFPB) released its Supervisory Highlights Report on violations of law identified during CFPB supervisory reviews during the second half of 2021. The report details key findings on consumer financial products and services. “While most entities act in good faith to comply with the law, CFPB reviewers […]

Credit report

The Credit Report: What exactly is it and How Can I get One? GAD Capital explains in details

A credit report summarizes a person’s credit profile that contains information on open and canceled accounts and payment and balance histories. Soft and hard credit inquiries, public records, and collections are all included in the reports. The three largest bureaus—Experian, TransUnion, and Equifax—publish official credit reports that lenders and other financial organizations use to assess […]