TopConsumerReviews.com Best Credit Monitoring
      April 9, 2020

Home  >  Credit Monitoring  >  Articles

Best Credit

Monitoring Services

  1. My FICO
  2. Credit Sesame
  3. LifeLock
  4. Equifax
  5. Experian
  6. Credit Reporting
  7. Free Score 360
  8. Free Credit Score

Your Information Is Secure
101 Tips to Raise Your Credit Score Newsletter

Compare Products

  • Select any 2 companies in our reviews to compare them head-to-head!
  • Compare

Latest Reviews

Andropause

Auto Parts

Auto Warranties

Bad Credit Loans

Credit Monitoring

Home Gyms

Online Backup

Popcorn Clubs

Rowing Machines

Vehicle Inspections

 

Related Articles

How Often Should You Check Your Credit Report?

Why Is A Good Credit Score Helpful?

What Kind Of Information Will Your Credit Report Contain?

What Can You Do If Your Credit Report Is Wrong?

How You Can Raise Your Credit Score If Itís Low

 

Top Consumer Reviews Articles

TopConsumerReviews.com provides unique articles that you won't find anywhere else on the internet. These articles are designed to help you make the most informed decisions possible.

How You Can Raise Your Credit Score If Itís Low

So youíre one of the 220 million Americans who have bad credit Ė resulting in a low credit score that has rendered it nearly impossible to secure a loan at decent interest rate you can afford. But donít despair. There is hope for repairing the damage and restoring your credit.

Credit reports are used in a variety of ways and by a number of different agencies. Credit card companies, utility companies and financial institutions all use a personís credit report to determine financial stability. Even employers are jumping on the credit-reporting bandwagon, using a potential employeeís credit report as part of the hiring process.

The recent recession also has created quite a credit crunch for those with bad credit histories. As part of new financial legislation, banks and other financial institutions were required to write off record numbers of debt in order to comply with the law. Unhappy with losing out on the ability to collect on that debt, financial institutions have gotten a lot pickier about to whom they lend money, closely scrutinizing credit reports and scores prior to agreeing to do business with a particular lender.

So what do you do if you suspect your credit score is keeping you from excelling financially?

The first thing to do is to request a copy of your credit report from all three credit reporting agencies. Equifax, Experian and TransUnion are the three credit-reporting agencies that compile financial histories on consumers in the United States. The Fair Credit Reporting Act indicates that every consumer is entitled to one free credit report annually. You can opt to receive one from each of the credit reporting agencies, or from just one of them. Because each agency collects data differently, it may be wise to request a report from each of the three agencies.

Once you have your credit reports, pore over them carefully, checking for any discrepancies or outright errors in your financial history. A common reason for misinformation on a credit report is that another individual shares a name similar to yours, and their information has accidentally found its way onto your report. Another reason for errors can be identity theft. If there are accounts listed on your report which you do not hold, it is important to dispute them with the credit reporting agency, and immediately request that a fraud alert be placed on the accounts in question.

If there are no mistakes on your report and you simply have bad credit due to past financial indiscretions, there are ways to help repair the damage.

  • Pay bills on time. Failure to pay on time or at all can have a serious negative impact on your credit report. It is best to make small payments rather than to forego them at all. Complete avoidance can result in a collection agency taking over your account, which is detrimental to your credit score.
  • Low balances are best. Many consumers erroneously assume that racking up huge sums on credit cards is the best way to ďbuildĒ credit. The exact opposite is true. If you already are struggling with paying off debt, running up large amounts on credit is never a good idea.
  • Donít apply for new credit. Every time a consumer applies for a new credit card, their credit report takes a ďhitĒ and their credit score lowers a bit. It also is wise not to close credit accounts which you arenít using for the same reason. It is better to leave them open without balances than to close them.

Lastly, do not be afraid to seek out the help of a reputable consumer credit counseling service, which may be able to help you reduce your payments so that you can begin to pay off all debt owed, rather than simply moving it around. TopConsumerReviews.com has reviewed and ranked the best credit repair services available today.

Anyone Worried About Their Credit Score Right Now Can Check It for Free

All you have to do is sign up for the service, and you'll get a free FICO credit score - along with access to free credit monitoring. "We believe complete financial transparency is a consumer right, ...

Published:  Mon, 06 Apr 2020 18:54:00 GMT



How to watch your credit score for free during the current crisis

All you have to do is sign up for the service, and you'll get a free FICO credit score - along with access to free credit monitoring. Load Error "We believe complete financial transparency is a ...

Published:  Mon, 06 Apr 2020 16:06:32 GMT



US is monitoring China's new coronavirus cases to try and stop a second deadly wave this winter

THE UNITED States is reportedly monitoring China's new coronavirus cases to try and stop a second deadly wave this winter. The Trump administration is keeping an eye on China's numbers and pulling ...

Published:  Tue, 07 Apr 2020 14:48:00 GMT



'Jamf Parent' watchOS app targeted at monitoring remote learners

The new Jamf Parent app ties in with existing Jamf suites and gives parents real-time management over school-issued devices that may be at home now. Image Credit: Apple As school closures continue ...

Published:  Wed, 01 Apr 2020 10:39:00 GMT



Applied for a small business disaster loan? Monitor your credit ASAP

Business owners around the U.S. may have just had their identities compromised by the SBA site designed to help them. If you had trouble accessing the SBA.gov site the past few days to apply for ...

Published:  Tue, 31 Mar 2020 02:30:00 GMT



Your Credit Report: Everything You Need to Know

Your credit report is a detailed statement of your credit history. It includes your credit card accounts, loans, bill payment history and public records of any bankruptcies, liens or judgments ...

Published:  Sun, 05 Apr 2020 17:00:00 GMT



Regulators urge banks and credit unions to consider offering small-dollar loans - consumer advocates call it a "terrible idea'

Regulators are pushing for banks, credit unions and savings associations to provide consumers and small businesses with small-dollar loans to help offset ...

Published:  Thu, 26 Mar 2020 13:38:00 GMT



SocGen, Credit Agricole Boosted Risky Assets Before Crisis Hit

Societe Generale SA and Credit Agricole SA, two of the biggest French banks, added billions of dollars of hard-to-value assets in the years before the market carnage triggered by the coronavirus, ...

Published:  Thu, 02 Apr 2020 05:33:00 GMT



San Antonio's Clear Channel taps line of credit in midst of COVID-19

The outdoor advertising company is drawing down $150 million on a revolving credit facility to "further preserve financial flexibility." Other companies may soon be taking similar action.

Published:  Wed, 25 Mar 2020 09:54:00 GMT



Share Us!   

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure