Posted on 02 September 2009
Tags: Bankruptcy, charge-off, collection account, collection agencies, credit card, credit inquiry, credit records, Credit Report, Credit Score, employment, Foreclosure, housing history, information, installment accounts, judgement, lawsuit, Mortgage, negetive, paid, Tax liens
A credit report contains all the information related to your financial dealings, including information regarding employment and housing history, to credit card and mortgage account activity. Unluckily, it also contains negative information such as collection accounts, charge-offs, bankruptcies, judgments, and tax liens.
Many people who have negative information on their credit report often wonder that when will the red marks be removed, or on what date will the negative items be removed from their credit score.
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Posted on 23 August 2009
Tags: application, auto loan, credit card, credit history, credit inquiry, credit line, credit profile, credit pulls, Credit Report, credit risk, Credit Score, employee credit pulls, FICO, Hard Pull, loan, Mortgage, new credit accounts, potential creditors, Soft Pull
A credit inquiry is basically a notice on your credit report, that shows the attempts you made to apply for some type of new credit. This new credit can be a mortgage, auto loan, or credit card. Whether they are approved or not, credit inquiries show up on your credit report, so that other creditors know if you’ve been trying to secure new lines of credit recently.
If you take the Fico score into consideration, about 10 percent of the score comes from new credit, which includes credit inquiries. Thus, it is important to think before you apply for a credit in order to make sure that you don’t cause unnecessary harm to your credit score.
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