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General Information
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There were 19 articles found in this category:
 How do I order my free annual credit reports?
Under the FACT Act (also known as FACTA), all consumers are entitled by law to at least one free credit report every twelve months from each of the three credit bureaus. This important law also marks the first time in history that this information is available from a centralized source (AnnualCr ...
- How do I contact the credit reporting agencies do dispute inaccurate information?
Here's the contact information for the three principal credit reporting agencies: Equifax P.O. Box 740256 Atlanta, GA 30374-0241 Dispute online Experian Dispute online (Experian does not offer a mail dispute process) TransUnion 2 Baldwin Place P.O. Box 2000 Chester, PA 19022 1-800-916-8800 Di ...
- What is an insurance risk score?
Insurance companies use insurance risk scores to determine whether or not they will issue insurance policies to consumers, the policy premiums, and how likely it is that consumers will file an insurance claim. So, in sum, this score determines your insurance risk. Insurance companies have determ ...
- What is public record information?
Public record information is different from loan and account records. First off, there are no lenders to report it. Courthouses aren’t staffed to send in all of your credit-related public records to the credit bureaus. Second, not all public records make it on your credit reports. In fact, ...
- What are my rights if I am denied credit?
If you are denied credit, employment, insurance or other benefits based on the information in your credit report, under the Fair Credit Reporting Act, you are entitled to a notice of the “adverse action”. This adverse action notice will explain why you were denied, which credit repo ...
- I got scammed; how can I protect myself in the future?
According to our credit experts, any company requiring pre-payments should be investigated thoroughly with the Better Business Bureau. A requirement of pre-payments and a payment address outside the United States are indications of potential scams. Here are suggestions to follow if you provided ...
- What is principal?
The principal is the amount of money borrowed with a loan or the amount of money owed, excluding interest.
- What does the term "discount rate" refer to?
The discount rate is the rate at which banks can borrow directly from the Fed (the Federal Reserve). Learn more about interest rates.
- What is a cosigner?
A cosigner is an additional person who signs a loan document and takes equal responsibility for the debt. Borrowers may want to use a cosigner if their credit or financial situation is not good enough to qualify for a loan on their own. Also, some borrowers may not earn enough to qualify for a l ...
- What is a collection account?
If you choose to stop paying on an account or debt, the lender may sell your account to a collection agency. This action turns a credit account into a collection account. Collection agencies specialize in collecting money from people who don’t want to pay. One of the ways they can convince ...
- What is a judgment?
A judgment is a decision from a judge on a civil action or lawsuit; usually an amount of money a person is required to pay to satisfy a debt or as a penalty. Judgment records remain on your credit report for seven years and harm your credit score significantly. If a lawsuit (due to credit card d ...
- What is the prime rate?
The prime rate, also known as the Prime Lending Rate, is a term used to refer to the interest rate used by banks. The prime rate normally follows inflation rates. In the past, the prime rate was the actual interest rate. This is no longer the case. The prime rate varies little among banks, ...
- When does the CARD Act go into effect?
The CARD Act has three phases of implementation: August 2009, February 2010, and July 2010. Read about some of changes coming August 20, 2009. For in-depth articles about the CARD Act, visit Credit.com’s Learning Center.
- How do I contact the credit bureaus to put a fraud alert on my accounts?
If you are or think you are a victim of identity theft, contact one of the three major credit bureaus to have a fraud alert placed on your credit report. You only need to call one of them to have the fraud alert apply to all three: • Equifax 1-800-525-6285 ww ...
- What’s a short sale?
A short sale occurs when your mortgage lender agrees to accept less than the full principle loan amount but considers the loan paid in full. Example: Let’s say you owe $100,000 on your mortgage. If someone offered you $85,000 and your mortgage lender accepted the offer, the lender would be ...
- I don't have access to the Internet; can I still apply?
As an Internet-based company, we only accept applications online. Please note: You must have an email address to apply for our services. You can use a friend or family member’s email address or you can visit your local public library and the librarian will be happy to help you obtain a fre ...
- How does Credit.com keep my information safe and secure?
At Credit.com, your security is of the utmost importance. Credit.com does not share your email address with third parties unrelated to your application. It encrypts sensitive data and only stores it temporarily. We do not sell, rent, or share your sensitive information with third parties and we ...
- What are the Credit.com Online Security and Privacy Policies?
Credit.com does not maintain any records of your private information once we have placed your application with one of our lenders for review. This is to ensure that your private information is kept secure. Credit.com takes online security very seriously. Credit.com is located in San Francisco, C ...
- What is Credit.com?
Credit.com is a personal finance website dedicated to educating customers about their credit and matching them with appropriate products and services. Founded in 1995, we are based in San Francisco, California.
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