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Four ways to improve your credit score

Four ways to improve your credit score
News from CNBC:

Consumers are getting a better grade when it comes to how they use credit these days.

Nationally, credit scores are slowly and steadily starting to improve as more consumers who use credit are managing it more effectively. A recent report on FICO scores—the most widely used credit scoring system—found the national average score is currently at its highest level in nearly a decade.

It’s an encouraging trend, since a credit score is one of the most important factors that lenders use to get a snapshot of risk as they decide what rates to offer on credit cards, private student loans, car loans, home insurance and mortgages. The higher the credit score, the better the rate for which consumers will qualify.

Read MoreWhat millennials don’t know about credit cards

Your FICO score can range from 300 to 850. In April 2015, the average FICO score was 695 up from 688 in October 2005. Acco…………… continues on CNBC

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Raise Your Credit Score 100 Points in 6 Months with These Aggressive Tactics
News from TheStreet.com:

NEW YORK (MainStreet) — You might be surprised at just how much progress you can make in improving your credit in six months or a year. 

In fact, with a few nifty tricks, you can boost your credit score some 50 to 100 points in no time flat.

Especially if you’re looking at buying a house somewhere in the near future, you’re going to want to aggressively pursue raising your credit score for the best rates possible, says John Heath, managing attorney with LexingtonLaw.

Here’s how to make that happen.

First Things First: Pull Your Credit Report

To know what you can do for starters, you’re going to have to pull your credit report and look it over. That’s where any path toward a higher credit score, aggressive or otherwise, is going to begin. What you’re looking for is anything that…………… continues on TheStreet.com

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Personal finance Q&A: Don’t hire a credit repair firm

Personal finance Q&A: Don’t hire a credit repair firm
News from Los Angeles Times:

Dear Liz: I’m seeking help in reviewing my credit report and how to fix any issues. I am not financially distressed, but have FICO scores in the 675 range. Could you recommend someone I can hire to assist as I need to refinance a house I bought for cash?

Answer: There’s so much fraud in the credit repair industry that you’re likely better off doing it yourself rather than exposing yourself to rip-offs.

Credit repair companies aren’t supposed to take money upfront or promise things they can’t deliver, but many do.

One of the scammers’ most common ploys is to flood the credit bureau with disputes and to take credit for any negative information that temporarily disappears. By the time the negative information pops back up on the file, the scam artists have disappeared with your money.

Another approach they recommend is starting over with a “clean” slate, sometimes using borrowed or stolen identification numbers. That’s fraud, and even if it works, you’ll often find yourself worse off with no credit history than with a flawed history.

The Federal Trade Commission has some helpful advice on do-it-yourself credit repair.

You’ll need to first get copies of your credit reports from each of the three credit bureaus, which you can do o…………… continues on Los Angeles Times

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Do-it-yourself credit repair advice: Money Talk (Q&A)
News from OregonLive.com:

Dear Liz: I’m seeking help in reviewing my credit report and how to fix any issues. I am not financially distressed, but have FICO scores in the 675 range. Could you recommend someone I can hire to assist as I need to refinance a house I bought for cash?

Answer: There’s so much fraud in the credit repair industry that you’re likely better off doing it yourself rather than exposing yourself to rip-offs.

Credit repair companies aren’t supposed to take money upfront or promise things they can’t deliver, but many do.

One of the scammers’ most common ploys is to flood the credit bureau with disputes and to take credit for any negative information that temporarily disappears. By the time the negative information pops back up on the file, the scam artists have disappeared with your money.

Another approach they recommend is starting over with a “clean” slate, sometimes using borrowed or stolen identification numbers. That’s fraud, and even if it works, you’ll often find yourself worse off with no credit history than with a flawed history.

The Federal Trade Commission has some helpful advice on do-it-yourself credit repair.

You’ll need to first get copies of your credit reports from each of the three credit bureaus, which you can do once a year for free at www.annualcreditreport.com. Dispute any inacc…………… continues on OregonLive.com

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CreditRepair.com Launches First eBook, Student’s Guide to Credit

CreditRepair.com Launches First eBook, Student’s Guide to Credit
News from Benzinga:

Book provides students with over 50 tips on how to navigate the credit system

Seattle, WA (PRWEB) August 26, 2015

CreditRepair.com, a leading provider of credit report repair services, announced today the launch of their first eBook, Student’s Guide to Credit. The publication offers young adults a complete overview of credit, presented in a highly digestible and engaging format. The book contains over 50 tips, written to educate and empower students to achieve the credit scores they deserve.

While young adults have a vague awareness of credit and the importance of a high credit score, many fail to understand the profound impact it can have throughout life. A survey in spring 2014 by college market research service Student Monitor, found that the majority of students knew that having a good credit score is important, but 74 percent didn’t know what their credit score was. With the average credit score among 18 to 24 year-olds being 630 on a grading scale of 850, young consumers are earning a C at best with regards to credit.

“Many students don’t understand credit and the influence and power it can…………… continues on Benzinga

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Score, Inc. Announces Speaking Lineup for 2015 Credit Repair Summit
News from Benzinga:

The credit repair industry services company Score, Inc. has announced the speakers and topics to be presented at their upcoming 2015 Credit Repair Summit.

Mobile, Alabama (PRWEB) August 26, 2015

The highly respected credit repair industry services organization Score, Inc. is once again hosting their Credit Repair Summit, this year beginning on October 6th. This annual event is one of the most comprehensive training and business development seminars in the country, attracting both established credit repair providers and those interested in learning more about the credit repair business.

As the lead sponsor of this annual summit, Score, Inc. has gathered together more than twenty industry experts to speak with participants on a variety of topics. Subjects range from the basics of operating a respected credit repair business to understanding consumer protection and laws, handling disputes, marketing your business, growing sales and more.

The lineup for this year’s event includes many industry veterans and successful credit repair professionals from around the country. It also includes legal professionals i…………… continues on Benzinga

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3 ways millenials can improve low credit scores

3 ways millenials can improve low credit scores
News from The Denver Channel:

Fire Weather Warning issued August 21 at 5:52AM MDT expiring August 21 at 8:00PM MDT in effect for: Moffat, Rio Blanco, Routt

Fire Weather Warning issued August 21 at 5:52AM MDT expiring August 21 at 8:00PM MDT in effect for: Delta, Eagle, Garfield, Gunnison, Hinsdale, Mesa, Montrose, Ouray, Pitkin, San Miguel

Fire Weather Warning issued August 21 at 2:57AM MDT expiring August 21 at 9:00PM MDT in effect for: Boulder, Grand, Jackson, Larimer, Summit

Fire Weather Watch issued August 20 at 10:22PM MDT expiring August 21 at 8:00PM MDT in effect for: Delta, Eagle, Garfield, Gunnison, Hinsdale, Mesa, Montrose, Ouray, Pitkin, San Miguel

Fire Weather Watch issued August 20 at 10:22PM MDT expiring August 21 at 8:00PM MDT in effect for: Moffat, Rio Blanco, Routt

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3 ways millennials can improve low credit scores
News from Ventura County Star:

Have you heard? Millennials have the worst credit scores of any generation. The data point plays well with one of Americans’ favorite pastimes: discussing the dismal state of the nation’s youngest consumers.

The average 19- to 34-year-old has a credit score of 625, but it’s 650 for Gen X (35-49), 709 for baby boomers and the Greatest Generation (together, those generations include everyone older than 50). The national average is 667. The data comes from credit bureau Experian and uses the VantageScore 3.0 credit score range, which goes from 300 to 850.

Yes, millennials have the lowest average credit score of American adults, but that statistic is neither surprising nor helpful. Building a good credit score takes time, and having poor credit as a young person doesn’t mean you’ll always have poor credit. It’s like a bad haircut: You have to deal with it for a while, figure out how to make it work while it’s in the awkward stages, but eventually, by staying patient and resisting making decisions that can make a bad situation worse, it’ll grow out. (That works both ways: Having a great credit score now doesn’t mean you always will, just like someone with a great hairstyle can easily be set back with a poorly timed buzz cut.) 

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3 On Your Side: How To Spot A Credit Repair Scam

3 On Your Side: How To Spot A Credit Repair Scam
News from CBS Local:

By Jim Donovan

PHILADELPHIA (CBS) — Now that the economy is starting to improve, many Americans are hoping to clean up their finances, pay down debt and improve a credit score.  But 3 On Your Side Consumer Reporter Jim Donovan warns, you better do your homework first!

From buying a car to buying a home, your past financial decisions are all laid out for lenders to see in a credit report.

With many aspects of the American economy on the upswing, many consumers are seeking to clean up their credit history and some scammers see that as an opportunity.

According to the Federal Trade Commission, there are a few easy ways to spot a credit repair scam:

First, if the company asks for payment before they render any services.

Also, if they ask you not contact the credit reporting agencies directly.

And, if they suggest giving false information when applying for a mortgage or a loan.

Another troubling trend among credit repair scammers, is the promise of an entirely new credit identity, which can unwittingly land a consumer in trouble with the law.

Consumers can spot these when a credit repair service suggests abandoning a Social Security number as a primary source of identification, and instead using a new number they assign and call a “CPN”  for “credit privacy number,” or “credit profile number.”

In…………… continues on CBS Local

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How Long Will It Take To Raise My Credit Score 100 Points

How Long Will It Take To Raise My Credit Score 100 Points
News from Muppet Newsflash:

Fico Score Vs Credit Score Minimum Credit Cards – Compare Credit Card Offers at CreditCards.com – Find the best credit card deals by comparing a variety of offers for balance transfers, rewards, low interest, and more. Apply online at CreditCards.com. Overview of the Vantage Score Credit Score – When most people

How Long Does It Take For Three Point Shooting To Stabilize? – With the increase … calculate how long various baseball stats take to stabilize to see how long it takes for three-point shooting percentage to stabilize. If we were trying to get a sense for how stable three point percentage is after 100 attempts …

Hallelujah 5 Ways To Get Your Fico Score For Free How to Trick Yourself Into Paying Off Your Credit Card Debt – Plus paying off credit cards helps increase your credit sc…………… continues on Muppet Newsflash

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How millennials can improve low credit scores

How millennials can improve low credit scores
News from WPTV.com:

Have you heard? Millennials have the worst credit scores of any generation. The data point plays well with one of Americans’ favorite pastimes: discussing the dismal state of the nation’s youngest consumers.

The average 19- to 34-year-old has a credit score of 625, but it’s 650 for Gen X (35-49), 709 for baby boomers and the Greatest Generation (together, those generations include everyone older than 50). The national average is 667. The data comes from credit bureau Experian and uses the VantageScore 3.0 credit score range, which goes from 300 to 850.

Yes, millennials have the lowest average credit score of American adults, but that statistic is neither surprising nor helpful. Building a good credit score takes time, and having poor credit as a young person doesn’t mean you’ll always have poor credit. It’s like a bad haircut: You have to deal with it for a while, figure out how to make it work while it’s in the awkward stages, but eventually, by staying patient and resisting making decisions that can make a bad situation worse, it’ll grow out. (That works both ways: Having a great credit score now doesn’t mean you always will, just like someone with a great hairstyle can easily be set back with a poorly timed buzz cut.)

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Ways To Improve Credit Score From 660 To 750

Ways To Improve Credit Score From 660 To 750
News from Muppet Newsflash:

Pay Off Debt. The amount you owe accounts for 30% of your credit score, and if you have a lot of credit card debt and other accounts with big balances, systematically …

Credit Score Needed to Buy a House (and Get a Mortgage) – Note: This is an ongoing project. We have set up Google alerts for phrases such as credit score needed to buy a house. Whenever a new article or news story is …

Credit score – Wikipedia, the free encyclopedia – In the United States, a credit score is a number based on a statistical analysis of a person’s credit files, that in theory represents the creditworthiness of that …

Learn what scores you’ll need on the Chemistry SAT Subject Test for college … Learn What Chemistry Exam Score You Need for College Admission or College Credit … 33% of students scored between 750 and 800; 22% scored between 700 and 740; … 660, 54. 640, 48. 620, 43. 600, 37. 580, 32. 560, 27…

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How to Improve Your Credit Score by Negotiating With Creditors
News from Go Banking Rates:

Over time, delinquent debt is a financial hole that becomes deeper and harder to climb out of. It could be a past due credit card bill, or a car or mortgage payment. No matter how big or small, a debt left unchecked and unpaid will eventually find its way to a collection agency.

When this happens, the delinquent debt is filed on your credit report, a common problem in the U.S. According to a 2014 study from the Urban Institute, more than one-third of Americans have a debt in collections listed on their reports.

If you’re behind on bill payments, you can find ways to negotiate down your debts. Negotiating through your original creditor can help you dodge collection agencies, get rid of debt and improve your credit score.

Related: How to Find Out If You Have Debt in Collections

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Not all debt management and credit repair companies have your best interest at …

Not all debt management and credit repair companies have your best interest at …
News from ABC Action News:

Flood Warning issued August 12 at 10:56AM EDT expiring August 13 at 10:56AM EDT in effect for: Pasco

Flood Warning issued August 12 at 10:56AM EDT expiring August 13 at 10:55AM EDT in effect for: Sarasota

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A safer way to offer credit repair
News from Automotive News:

   
 
 Print
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Bogus credit repair scheme operators settle FTC charges

Bogus credit repair scheme operators settle FTC charges
News from ConsumerAffairs:

The operators of a bogus credit repair scheme that allegedly tricked Spanish-speaking consumers into paying thousands of dollars each to supposedly improve their credit have settled the charges with the Federal Trade Commission (FTC).

A federal court complaint filed in March claims the defendants did business using the name FTC Credit Solutions, misleading consumers not only about the nature of the alleged credit repair services they offered, but also claiming an affiliation with the FTC that did not exist.

“These defendants were shameless. They scammed consumers who were in need of financial help and used the good name of the Federal Trade Commission to do so,” said Jessica Rich, Director of the FTC’s Bureau of Consumer Protection.

According to the FTC, the defendants — First Time Credit Solution, Corp., Guillermo Leyes, Jimena Perez, Fermin Campos, and Maria Bernal — violated the FTC Act by claiming to be affiliated with or licensed by the Federal Trade Commission. They are also accused of falsely promising they could remove negative information from consumers’ credit reports and guaranteeing consumers a credit score of 700 or above within…………… continues on ConsumerAffairs

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Miami-Dade officer pleads guilty to fraud for role in credit-repair ring
News from Miami Herald:

Moonlighting on the job, a Miami-Dade County cop wrote 159 police reports claiming people with bad credit histories were “victims” of identity theft, according to court records.

The reality: Veteran Miami-Dade police officer George Price fabricated the reports and sold them so they could be used to remove blemishes from the purported victims’ credit histories.

Price, 42, pleaded guilty to a conspiracy charge Friday for his supporting role in an alleged credit-repair ring. Price, who joined the force in 1999, must resign by next week.

He faces up to 20 years in prison on his fraud conviction, but is expected to receive a significantly shorter sentence because he pleaded guilty and has agreed to assist the FBI and U.S. attorney’s office in their investigation, according to a plea deal signed by Price, his defense attorney, Marshall Dore Louis, and the prosecutor, Michael Davis.

In the end, Price didn’t make much for exploiting his badge: $ 7,000. He must turn over to the feds the bribery payments he received in 2010-11.

Price was not operating alone.

Through an intermediary, he was working for Vanessa and Mario Perez, a Miami-Dade couple who already pleaded guilty. They made more than $ 322,000 by clearing up the lousy credit reports of people with bad bill-paying histories, according to court re…………… continues on Miami Herald

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