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TODAY'S SAVING TIP  Anyone with a "legitimate business need" can gain access to your credit history, including: Those considering granting you credit. Landlords. Insurance companies. Employers and potential employers (but only with your consent). ... Read more
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Top Credit Information Tips from AskMrCredit.com

I have some equity in my home - should i take out a home equity loan to pay off my debts?

A home equity loan can be a good solution. When you borrow against the equity in your home, it's called a home equity loan. Your equity is your financial interest in the property - the difference ...Read more

Bankruptcy

Personal bankruptcy generally is considered the debt management tool of last resort because the results are long-lasting and far-reaching. A bankruptcy stays on your credit report for 10 years, ...Read more

What's credit?

Being out on your own can be fun and exciting, but it also means taking on new financial responsibilities. The decisions you make now about how you manage your finances and borrow money will affect ...Read more

Special report on credit reports and credit scores

More Information from the Government The FDIC and the other federal banking regulators listed on "For General Information from Financial Regulators" have publications, Web sites, staff and other ...Read more

How does having good credit help me ?

Good credit is a positive record of paying off loans and making timely payments. It can help you to buy a home, get a job, rent an apartment, borrow money, charge goods and services, finance a car ...Read more

Creditor inquiries

Although credit evaluators use information on credi- tor inquiries to predict future loan performance, the value of this information is limited in an important way. Ideally, credit evaluators ...Read more

Accurate negative information

When negative information in your report is accurate, only the passage of time can assure its removal. Accurate negative information generally can stay on your report for seven years. There are ...Read more

What is my credit application is denied?

The lender's explanation of why your application was denied will also tell you which credit reporting bureau supplied your credit report. If you've been turned down, you are entitled to a free ...Read more

A collection agency contacted me and said that i owe a bill that i don't remember. what can i do?

If you are contacted by a collection agency about an outstanding debt, respond immediately if you don't agree that you owe money. Dispute the debt in writing by sending a letter to the collection ...Read more

Public records

Public records suffer from similar consistency and duplication problems that affect collection items. In particular, a single episode can result in one or more public record items depending on how ...Read more
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