Credit Education

Rapid rescoring originated in the mortgage industry because they were losing so many clients due to credit problems. Rapid rescoring is not offered by the big three credit bureaus Equifax, Experian and TransUnion. Instead, it is offered by the smaller credit resellers that serve as middleman between the bureaus and lenders. Rapid rescoring is offered […]

In May of 2007, Washington Mutual, along with a government agency, conducted a study on consumer awareness of the credit scoring system. They wanted to find out, “What do consumers know about the credit score.” “What do they know about how to affect their credit?” The results of the study are astonishing: 65% understood that

A study of credit scores for mortgage applicants by the Consumer Federation of America and the National Credit Reporting Association found that one in ten files (155 out of 1,545) contained at least one, and as many as three, additional repository consumer reports. The same study also found that it was very common for the

The VantageScore is calculated using the same methodology as the FICO score, but adds a few additional metrics in the mix. It assigns a letter grade to your score as well. While FICO scores range from 300 to 850, VantageScores range from 510 to 990. For each 100-point spread on the VantageScore, a letter grade

During this webinar you will hear about how utilization impacts the credit scores, what can be done to improve the utilization aspect of the score, how you can help customers improve utilization, hear commonly asked questions from credit owners relating to utlization, and much more. Your special hosts for this webinar is leading credit industry

One of the best benefits of the DisputeSuite Customer Portal is that your clients have a place to securely upload documents right through their portal. Sending documents through email isn’t secure, and sending through the mail has a cost and is cumbersome. But through the portal within a few clicks, clients can name and upload

Many of your clients would prefer to pay you with credit or debit cards. Many credit company owners quickly discover that it is near impossible for them to find a merchant account provider who will approve them for a new account. The reason is that almost all merchant providers treat the credit industry as a

The Fair Debt Collection Practices Act (FDCPA) is a law which protects consumer rights from unfair and unethical debt collection practices.  This law can be very helpful to consumers in stopping collection company harassment and abuse. One benefit of this law is that a consumer can stop any collection company from contacting them by phone

15% of the consumer credit score is based on length of credit history. This accounts for how long the consumer has had open credit on their report.  This is the third biggest factor affecting credit scores, right behind payment history, which accounts for 35% of the total score, and available credit which accounts for 30%.

Wouldn’t it be nice if you could just add an account to a consumer’s credit report, and it automatically has a 2 year PERFECT pay history?  Well you can, AND it is 100% legal. Authorized user accounts are the only legal way to back-date credit reports and add past positive credit history.  An authorize user