Credit Report NewsNews and information about your credit reportHas your credit card rate gone up for no reason- October 29, 2004 More often now, people are getting rate hike notices from credit card companies. Is it just the economy Interest rate trends might be part of the reason, but another unspoken reason might be your credit report. Credit card companies look at it regularly. If you are late on other payments, or if you are becoming "maxed-out" on other cards...you might find yourself being charged more in interest, even on cards for which you have a perfect payment record. Another possibility: Identity theft or.http://onestopcreditreport.com/creditreportnews/2004/10/29.html Selling a home Don't let the buyer wreck your credit report!- October 15, 2004 When selling a home, the buyer's creative financing can get you in trouble if you don't do it right. A purchase "subject to the existing mortgage" means the mortgage is still in your name. The buyer can wreck your credit report if payments are not made on time. The right way, if your mortgage allows it, is for the buyer to formally assume the mortgage. That way, you're off the hook. (Get professional advice on this, if you are unsure of the steps and implications!)http://onestopcreditreport.com/creditreportnews/2004/10/15.html How to close a credit card account (without damaging your credit report)- October 8, 2004 How do you close a credit card account When you cancel a credit card, write a letter requesting that the card company close your account and that your credit report state "closed by consumer." By law, the credit-card issuer must honor your request. They will close your account, cancel your privileges and continue to send your monthly statements until you pay off your balance.http://onestopcreditreport.com/creditreportnews/2004/10/08.html Do Credit Reports Include Library Fines- October 1, 2004 If Largo Library in Florida sticks with the program, serious slackers could end up with a blemish on their credit report. Your local library might begin to use a similar policy. If you return a book late, does that show on your credit report Almost certainly, it will not. The concern (as it relates to your credit report) arises when you accumulate unpaid fines, and the library finally turns you over to a collection agency. Even then, the collection agency will probably wait 120 days after...http://onestopcreditreport.com/creditreportnews/2004/10/01.html |