Blog

During this webinar you will hear more about what the CFPB is up to, what actions they are taking now, how much are they fining lenders and other sources, what actions they are taking regarding disputing and how it will affect you and your clients, how the CFPB is helping insure clients receive a true […]

There are NO laws that say credit information must be reported in the first place. There are also NO laws that say the credit bureaus have to even exist.  Finally there are no laws that say credit report information has to remain for a set period of time. As a result, accurate and truthful information

The Credit Boot Camp is the biggest live credit event in the world.  During the boot camp attendees enjoy 4 days of powerful information on consumer credit repair and business credit building.  Attendees also learn about the most advanced marketing techniques and tactics, all presented by world class speakers. At the boot camp attendees learn

Trans Union got its start back in 1968 as a holding company created by Union Tank Car Company.  The following year, in 1969, Trans Union purchased Credit Bureau of Cook County (CBCC), entering into the credit business. In subsequent years, TU continued to purchase major cities’ credit bureaus and exclusive rights with many of their

Experian was formerly a division of TRW, an automotive electronics giant.  TRW was originally founded in 1901 as the Cleveland Cap Screw Company.  They started producing screws and bolts and grew to produce many parts for the aviation and automobile industry. In the early 1960s, TRW started a consumer credit information bureau, collecting and selling

Equifax is the oldest and largest credit bureau in existence today. They were originally founded in 1898, 70 years before the creation of Trans Union. Two brothers, Cator and Guy Woolford, created the company. Cator actually got the idea from his grocery business, where they collected customers’ names and evidence of credit worthiness.  He then

Many people have heard before that inquiries lower the score.  As a result many customers will ask you whether this is true or just a myth.  Inquiries definitely impact the consumer credit score. FICO score inquiries account for 10% of the total credit score.  FICO counts this to the part of their score that deals

Information requests is a credit repair tactic where you ask the credit bureaus or the creditor for broad amounts of information. Rather than mess around with locating all the information, the bureaus or the creditor may just remove the item, because they do not want to take the time to provide the requested documentation. When

When you help consumers repair their credit you will usually measure success based on how many inaccurate or unverifiable accounts you help them delete from their credit report. Even though you might measure success based on deletions, most consumers will look strictly at their credit scores to determine your success.  This means if they don’t

Credit reports are not always easy to read. The truth is, the credit bureaus want it that way. The less the average consumer understands, the more likely they will not spot or complain about any errors.