my credit is terrible, but the only debts on my report are just about ready to hit the 7 year mark. Will they drop off if the creditors have not been able to contact me?

has anyone ever had a(999) 999-9999 number call them? Anyone know what this number is??

How can I make use of the 'Opt Out' Option in my credit report?

What type of information is available in a credit report?

Can a debt collector take legal action within 30 day period?

Who are eligible to view my credit file?

A consumer disclosure is different from a credit report. It is not the one and same document. Consumer Disclosure: this document reveals all the necessary information put on your file by the credit bureaus. It gives a detailed record of everyone who has viewed your file from the CRA's in the form of ‘inquiries.' You have the Federal rights to receive a copy of the disclosure each year. Credit Report: this document reveals only a part of the information from your credit file.

Do you know that credit bureaus are not a part of the federal government? They are a multi billion dollar industry and are in the business to make money. But they are governed by the Federal laws and will have to necessarily abide by the rules. They earn profit like any other business by selling credit reports to US citizens. The FACT Act gives the Federal right to every US citizen to get a free copy of the file every year from each of the three credit reporting agencies.

My wife is looking for refinancing our home. One of the lenders told that they were not able to find a credit score for her. I need to know what they meant by not able to find a credit score?

There are many well known banks like BOA, Wells Fargo, World Savings offer very easy home loans at affordable rates of interest. But they prefer to deal with only those consumers who have ‘A' class file. These are such files that have a credit score more than 620-660+. A consumer qualifies for a loan if he has a minimum score above 500. Thus, resembling the importance of high credit scores, most people with poor credit scores shop for a lender or a broker to get a decent rate. This is the point where they are often scammed and the brokers or loan companies deceive people by all means.