FreeScore.com, a leading provider of consumer credit scores, reports and monitoring services, gives consumers seven free days to see their credit scores and credit reports from all three major credit reporting agencies — TransUnion, Equifax and Experian. And that’s just one way the service helps its members take greater control of their financial lives.

Visitors to the website can access the free credit information center where they’ll find educational articles on credit management, credit reports, credit scores, credit history, debt consolidation and loans

“Credit scores and credit reports play a much bigger part in your finances than most people know,” says FreeScore.com spokesperson Rob Wyse. “Poor scores can cost you a higher interest rate, a job, or even a place to live. That’s why it’s so important to see where your credit stands and to make sure the information in your credit files is accurate.”

Consumers who have tried the service offer favorable reviews for FreeScore.com. Consider just a few of the comments FreeScore.com has received from its members:

Wyse notes that these discoveries aren’t surprising: “The only person truly responsible for making sure your credit information is accurate is you. If errors that harm your credit score are made on your credit report, it’s up to you to dispute them. No one else will do that for you.”

To learn more about your credit scores and credit reports, go to http://www.FreeScore.com.

About FreeScore, LLC

FreeScore, LLC, is a service that provides consumers with access to their credit scores, reports and monitoring. For more information, go to http://www.FreeScore.com.

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Answer by BMW BFD
A settlement is bad, because the difference in what you owed and what you paid is considered income, and you will be taxed on that. You want it to be paid as agreed.

www.creditshakedown.com Legally repair your credit & raise your credit rating, even after bankruptcy. No high-priced credit repair companies or services. Free Credit Repair secrets newsletter.

We heard bankruptcy re-listing results in credit score increases between 50 and 180 points – so we decided to check it out. You probably feel like you’ve heard this before, amazing claims that must be either impossible or illegal. That is exactly how we felt but what we found is all our research into bankruptcy re-listing points to an underused service that offers tremendous benefits to consumers that recently filed bankruptcy, particularly those seeking home loans or mortgage refinance.

Bankruptcy re-listing does not remove the bankruptcy from the credit history but it does seem to have a profound impact on consumer credit scores. Bankruptcy re-listing services are similar to re-scoring. Why bankruptcy re-listing is so effective we discovered, is the circumstances that typically lead to consumer bankruptcy filings:

1. Many consumers that file bankruptcy do so after becoming overburdened by revolving debt (credit cards) that are charged to their limit. The fact the credit card accounts are at their limits has a derogatory impact the credit score.

2. Most consumers, with credit card accounts at their limits, make only minimum monthly payments (which is why the credit card accounts remain at their limits). Making minimum monthly payment brings down the credit score.

3. Once a consumer misses a payment on the credit card account, they are charged late fees and the interest compounds, sending the account over the limit. Credit card accounts over their credit limit result in further negative impact on the credit score, and a late charge by the credit card bank and frequently a sharp increase in the interest rate (we witnessed rate hikes into the 30% range on past due accounts).

4. The consumer faced with two monthly payments, late charges, increased interest rate, and over the limit fees cannot make the payment necessary to bring the credit card account current, and a spiral begins. Collection efforts by the credit card banks intensifies and each month the delinquency continues, the credit score deteriorates along with any hope of qualifying for a consolidation loan, or a personal loan to bring the accounts in good standing.

Eventually, the consumer seeks protection by filing bankruptcy but not until their credit rating is utterly destroyed. The filing of personal bankruptcy causes all accounts to be reported as discharged in bankruptcy, further sending the credit score downward.

This is where re-listing comes in. Accounts included in bankruptcy do not have to include all the bad credit history prior to the bankruptcy discharge. The account should simply be listed as “discharged in bankruptcy”. During the home loan application process, a home loan professional that has access to a re-listing service can submit the credit report and have the bankruptcy re-listed which removes all derogatory history from every account included in the bankruptcy (30, 60, 90 days late; charge off; collection). This is completed within 14-21 days.

Records indicate that bankruptcy re-listing results in credit score increases between 50 and 180 points. The difference between the rates and terms of a home loan or mortgage refinance for a person with a 530 credit score (FICO score) and a 630 credit score is profound.

Anyone that owns a home, or wants to buy a home, and has filed for bankruptcy in the last 5 years would be well served by checking into this option.

http://www.iGlobalFinancial.com
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Answer by SCH
If you did not negotiate the removal of the item when you paid it, it will stay on your report for 7 years. You can however negotiate the removal of items at the time you pay them off. Please check out my source…it has great info on negotiations with creditors.

This way you will also be at a position to know your credit score and the ability you have to get a loan from a lender. Ensuring that the information on the report is right will prevent identity theft and other related crimes. It should also be noted that your credit report will determine your financial prospect.

Hector Milla Editor of the “Best Credit Reporting Services” website — http://www.CreditReportsAndScores.biz — pointed out;

“… In fact the law requires that you get a free credit report annually from the approved credit report bureaus. You can check some of the companies which offer the free credit reporting service. Be ware of imposters who are there to get your personal information for other purposes. You can request for these reports as long as you wish. The best credit report services will give you your report on time and ensure confidentiality of your personal information …”

You can request for a report if you had requested for a loan and denied. You can ask the bank to inform you on where they got your credit report from, so that you can get the credit report from the company.

I”… t is very necessary that you periodically check on your credit report since most of these reports are not accurate. This might affect your credit worthiness. Always ensure that you get the credit report services from approved companies, this way you can correct any mistake and also get to know your credit score. The lender will always check your credit report to evaluate if you qualify for loans and other financial obligations …” H.Milla added.

It is important to review the information on the reports to ensure that they are accurate. This way you will be able to prevent potential fraud cases that may affect your financial position for years. Getting your credit report from reliable credit reporting companies will be a wise decision. You can check your credit report as often as possible. The method you use to request for this report will determine how fast you will get it. Therefore, check the best credit report services .

Further information about how to get a detailed credit report including scores and as often as you want by visiting; http://www.BestCreditReportServices.com