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10 Ways To Boost Your Credit Score

1. Deleting Errors in 48 Hours

This is the absolute fastest way to correct errors on your credit describe and raise your credit score. However, it can only be done through a mortgage company or a bank. If you apply for a home lend and find errors on your credit report, request the loan officer to conduct a Rapid Rescore. But don’t mistake it for the credit clinic tactic of multiple dispute letters.

The Rapid Rescore strategy requires proper paperwork. You need proof that the item is incorrect. It must come from the creditor directly. For example, a letter stating the account is not your account, a letter stating the been was paid satisfactorily, a release of lien, a satisfaction of judgment, a bankruptcy discharge, a letter for deletion of collection account or any relevant evidence.

This is the same documentation a bank or mortgage company would require for the credit accounts anyways. The difference is, now you can improve your credit score and receive a lower interest rate. The results are not guaranteed and will run you about $ 50 per account.

2. Deleting Negative Credit

This is the infamous area where you’ve heard of all the scams. Credit repair clinics charge “an arm and a leg” and promise a clean credit report. Sometimes even a new attributing profile! People spending hundreds, or even thousands, of dollars for something they tinning do themselves.

Removing errors is simple. Deleting negative credit that is accurate requires advanced methods. But that is not the scope of this report. So I’ll riveting on the deleting the negative errors.

Credit describe errors easily disappear by using a simple dispute letter. If you have the paperwork proving the error as mentioned above in Rapid Rescore, send copies of that along with the dispute earn. This will make the credit bureau’s job easier and you will get faster results.

If you don’t have the documentation to prove the error(s), send the dispute letter anyway. According to federal law, the credit bureau’s have a “reasonable time” to validate your claim. They will contact the creditor for verification of your dispute. Then the account will be reported accurately – or deleted. It has been generally accepted the “reasonable time” to complete this task is 30 days.

If you’re not the do-it-yourself kind of person. Or don’t have the time. You could hire someone who is very economical.

3. PiggyBack Someone’s Credit

This is a fast and great little credit score booster. But it requires a very trusting relationship. Simply put, someone else adds you to their credit account. For example, when applying for a credit card, you may have seen the section to add a card holder. If your trusting person adds you, their payment history is now reported on your credit report too. If they have perfect credit, now you have a perfect account.

To make this more effective, use an aged account. Imagine if your trusted person has a 10 year old credit card account with a perfect payment history and a balance of only 50% of the credit limit. Wouldn’t you love to have this on your credit report? Once done, do check your free credit report gov annually and more. Look for the changes. The easy part is your trusted person just calls the credit card company and requests a form to add a cardholder. Once completed and activated, their entire account history and future is now firmly planted on your account. Imagine if you secured 3-5 of these accounts – especially installment accounts. Your credit score could sky-rocket!

The challenging part? Finding the trusted person. Since you already have a low credit score and bad credit, how eager will someone be to make you a cardholder? Even your parents don’t want you to damage their credit. But, no one says you need to possess the card! In other words, your trusted person could add you as a card holder and never give you the card or PIN or any information. Since the bills and all account information is still mailed to the trusted person’s address, you won’t know anything about the account. This scenario could land you many trusted persons. And you still benefit with a higher credit score.

4. Playing Round Robin

This strategy is one of the oldest credit building techniques around. It used to be accomplished with secured savings accounts. But now, it’s much easier with secured credit cards. In fact, I’ve used this method myself.

Here’s how it works: Take ,000 (or what you can afford) and get a secured credit card. Once received, get a cash advance of 70% of your credit limit. Get a second secured credit card. Once received, get a cash advance of 70% of your credit limit. Get a third secured credit card. Once received, get a cash advance of 70% of your credit limit.

Open a new checking account with the final cash advance. Use this account only for making payments on your three new credit cards. If you make your payments on time every month, your credit score will increase because you now have three new perfect payment credit cards. (Initially, your credit score might drop a few points due to the rapid, multiple accounts being opened. However, be patient because within 4 months of no new accounts or any delinquencies of any account, you will see your credit score increase. Mine increased 60 points in 60 days!!)

5. Pay on Time

This one is quite obvious. But after 12.5 years in the mortgage business, I discovered it still needs repeating. Your creditors were gracious enough to loan you money. Now pay your damn bills! If you don’t, your credit score decreases. EVEN IF ONLY 30 DAYS LATE!

That’s right folks. For some reason people think, “I’m only a few weeks late. What’s the big deal?” Well, for the loan company, if you pay late but consistent, they make a lot more money with late fees and more interest (if a simple interest loan). For you, your credit score is damaged. If you think long-term and credit score, I’m certain you would not have a cavalier attitude.

6. Pay Down Debts

This seems like an obvious method, doesn’t it? But it is not as transparent as you might think. Remember, we’re playing with high-level statistics and probabilities which evaluates and forecasts trends in your behavior. Here’s what you do…

Never pay off your revolving debt in it’s entirety! Isn’t that a surprise? Think about it. Your credit score is a reflection of your ability to manage your credit. Paying off your debt is not managing your debt. If you have a zero balance, how can you manage it? You don’t. It no longer exists. And you cannot manage what does not exist, right? Therefore, in terms of credit score, you have demonstrated your ability to swiftly pay off accounts to avoid managing them. Thus, slightly decreasing your credit score.

One exception, of course, is if you’re over extended to begin with. Pay off what’s necessary to make your credit profile look great. Then manage the remaining credit.

7. Don’t Close Accounts

Even if you pay off revolving debts, do not close the account. The longer an account is open with no negative reports, the better it reflects in your overall credit score. This is due to the weighted-average in the credit score formula. Many credit experts suggest a balance of 30% of your credit limit. That’s ideal. But you can go as high as 70% and still maintain a healthy credit score.

8. No New Credit

You must be vigilant in your credit behavior if you want the best credit score. Therefore, do not get any new credit unless it is absolutely necessary. Each time you apply for credit, an inquiry is added to your report. This usually drops your credit score slightly. When you have fresh credit, there is no track record how you will manage (or pay) this account. Therefore, it’s a higher risk which results in a minor drop in your credit score. Remember, your credit score is about risk assessment.

Here’s what you do: obtain credit for your housing, transportation, college or continued education and 3-5 credit cards. That’s really all you need for personal credit. If you want more credit, request a credit limit increase on your current cards rather than apply for new ones.

9. Maintain A Mix of Credit Types

If you show you can handle different types of credit at the same time, you are rewarded with a great credit score. In other words, get installment loans like vehicle, personal loan or mortgage. Get revolving credit like credit cards: Visa, Mastercard, Sears, Sunoco Gas, Costco. By mixing it up, you demonstrate you can manage your credit because you will have short term and long term credit with a fixed payment. As well as a “variable” monthly payment on your credit cards.

Keep these accounts open with a balance of 70% or less and paid on time and you will witness your credit score climb to great heights.

10. Don’t File Bankruptcy or Foreclosure

Here’s the most obvious advice: Don’t file for bankruptcy or foreclosure. These stay on your credit report for 10 years and always decrease your credit score. The older the bankruptcy or foreclosure account becomes, coupled with re-built credit history, the less of an impact they play on your credit score.

Contrary to popular beliefs, you can legally delete a bankruptcy and foreclosure. It’s not easy.

Should You Use Credit Monitoring Services?

Credit supervising services awake individuals to changes to their credit report directly- either via email, text message on cell phones or by phone calls. Many people use credit supervising services to assist them hold an eye on their credit histories and to increase their ability to acknowledge a fraudulent activity.

The US Federal Trade Commission estimates that it takes about a year before a consumer notices that they have been victims of identity theft. If you are using a credit supervising service, you would have noticed the activity much faster than if you were only obtaining your credit reports yearly. With over 10 million Americans falling victim to identity theft crimes yearly, it’s no enquire we are uncoerced to subsidize for services like credit supervising.

Most credit monitoring services charge a monthly fee between $ 10 and $ 15, with the price dependant upon the level of supervising you have.

Information Provided by Credit Monitoring Services

Each credit monitoring service offers information for a fee; although the exact information provided and the price you pay for it may differ slightly between companies.

Most credit monitoring services give you access to your credit score, although some may only provide the FICO score and others might provide access to all 3 of the different types of credit scores that exist. FICO is the score most commonly used by lenders to determine an individual’s credit worthiness.

Credit monitoring services provide identity theft reimbursement coverage, with limits between $ 15,000 and $ 25,000, depending on the service you use. This means if you become a victim of identity theft while subscribing to the credit monitoring service, you will not be required to pay for expenses that are a result of the theft up to the amount of coverage you have.

Some credit monitoring service providers offer a range of tools that help you analyze your current credit situation, and how you can improve it. Online based forms let you predict what effects applying for a loan might have on your credit score, or the effect of paying off a credit card. These tools are valuable when you’re trying to improve your credit score as it gives you a good idea of the activities that will result in the largest increase in your credit score.

Some credit monitoring services are provided directly through one of the three major credit reporting agencies- in which case you will only have access to that particular credit report. Other agencies provide access to all three reports, and give you unlimited access- while some only update your credit reports every thirty days.

You’ll be alerted if the following activities occur to your credit report, as these activities could indicate fraudulent activity if you haven’t done something to cause these alerts to occur yourself:

A new account is opened A company makes an inquiry to your credit report Your address is changed If Public Records are added Any existing account changes information The Value of Credit Monitoring all 3 Reports

You may find that you can pay a dollar or two less each month for a credit monitoring service that only provides monitoring of a report through one of the credit reporting agencies. If you think this is enough, you may be wrong!

Consider the following scenario: You have credit monitoring on your Experian report. A thief applies for a new luxury car at a local car dealership, and the car dealership pulls your report from Equifax. You would not receive an alert of the Equifax report inquiry with a monitoring service that only monitors Experian reports.

You would not see the fraud until the car is approved and shows up a month later on your credit report as a new account, and the thief is driving around with the car!

Having credit monitoring on all three of your credit reports would alert you to the inquiry of your report before the account is approved- and you could take action before it goes any further.

This obliged has been provided courtesy of, your source for debt help online.

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There are several issues that could damage your rating and at the same time be obstacles to your accessibility to loans. These could come in form of bankruptcies, collection accounts, missed or late payments, repossessions, foreclosures, charge-offs, or even a misspelled name or mistaken address. Yes, they do have the potential to damage your score, and this is not good considering that it will deny you the best of chances when it comes to getting funds that are needed at crucial moments.

What you should do in instances such as this is to begin a restoration of your credit file. This is sort of a make-over for your report. Remember that it is the information that the credit bureaus get from creditors that they enter into your file. As a result, you should make sure that you have a recent copy of your report from the website annualcreditreport dot com, where you will get a three-fold document: Experian, Transunion, and Equifax.

Understand that a report containing errors will reduce your chances of getting good loans and impressive interest rates from financial institutions. This is one reason why you do not want to neglect or ignore your file, and even more when you plan to get a loan in the near future. Get a marker or highlighter and highlight the negative items on your report that needs to be fixed. When this is done, you will begin a process known as disputing with the bureaus. This will involve writing dispute letters to the reporting agency that has the erroneous or negative info listed in your file.

Bureaus have a maximum of 30 days to start and begin their investigation from the moment they get your letter. This ensures that your file is catered for, and if not done within the 30-day period they should delete the stated account in your file.

Another means which you can resolve issues on your file is to solicit the services of a restoration agency. Obtaining a DIY restoration kit will teach you how to handle it yourself.

Visit do-it-yourself-credit repair or credit repair services to learn more on raising your credit score 200+ points to get approved for car, home and credit card loans.

All about how FICO calculates your credit score along with some tips to building a good one.
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How To Get Your 630 Fico Credit Score To A 740+ Fico Credit Score – If you have a 630 Fico Credit Score and you’re looking t… 05-11-12 Update: It’s come to our attention that optoutprescreen has update their FAQ page to include this: https://www.optoutpres…

Fiscal disaster can strike at your door any time without yet giving prior intimations. You have to be set to deal with conditions like this. The payment of past advances can yet be a headache as the repayment that needs to be done in a month does not allow managing funds and distributing equally in other expenses too. The situation becomes yet worse when you are inadequate of funds owed to fulfilling all your canonic needs and some of them are notwithstanding leaved. What will you do today? You are advised to move the recollective term payday loans scheme that is planned for those people who are employed but yet their income is not sufficient enough to subsidize away all the expenses they run in a month and face a financial deficit every month. This scheme can be used to curb away expenses such as grocery bills, electricity bills, water bills and other pressing expenses.With the recollective term payday loans scheme you are enabled to hoard funds in the in-between of the month when your payday is far forth in only few hours at the minimal rate of interest. It is offered at minimal terms and conditions including these:• You must be a lasting US citizen• Must be having age of 18 or more• Must be employed at least for 8 months• Earning monthly income of $ 1500• Must be having a valid checking or savings bank account in an US bankNow next will be to search online lender and then clutter his online application form. As soon as the lender is certain about your repayment capability of the amount he will okay you and will transfer the funds electronically to your bank account. The funds can then be used for a recollective period of time and the lender will not upset you until and unless you do well-timed payments.

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Identity Fraud Costs You More Than a Name

If you have always had a name from a collection agent claiming you mortgage money for a loan you don’t retrieve applying for, you very good could be a victim of identity fraud. All someone needs is your name, societal security number, date of birth and account numbers to ruin you financially.

This information is easier to carry that you consider, and before you recognize it, you are a victim of identity fraud.

There are several mutual ways identity fraud is transported away. Online identity theft, considered to be the most democratic form of place fraud, is only one. Another method has been nicknamed “dumpster plunging,” which involves stealing mail by rummaging through someone’s garbage for identifying documents.

These ofttimes incorporate disposed receipts and payed bills, which all have placing information on them that thieves find utile. One method used to fight identity theft is quite uncomplicated and effectual: Consumers can trim the risk of going the victims of identity fraud by buying and using a paper shredder. That way, no information of possible importance leaves the house entire.

Have you e’er received an email from some stranger abroad claiming that you have inherited millions of dollars but have to send them your account number so they can wire it to you? Have you always gotten a message from your bank inquiring for information about you, but you cognize they already have all that information?

If you can answer yes to either of these questions, you may have been singled away as a possible victim of online identity theft. This identity fraud tactic is known as “phishing.” There is no trick to struggling identity fraud like this, relieve using mutual sense. If you aren’t anticipating an email from a trusted source or if you don’t cognize the sender, it is safer to simply delete the email.

Of course, the large way identity theft gets pulled is the most placeable. Hackers act a more unmediated approach to fraud. They interrupt into computers and steal the information they demand. Again, there’s a full way to fight identity theft of this type: Purchase full virus protection and firewall software to block unwanted intruders from your computer.

A series of three-year surveys that stopped in 2006 present that, while there has been a lessen in the number of victims of identity fraud, the cost rose to $ 56 billion dollars last year. More statistics present that:

The mean time a victim takes to fight identity theft is 600 hours. 3/4 of victims who reacted to the survey said that the crime regarded someone getting their hands on a credit card. The impact of online identity theft and identity fraud is alike to that of wild crimes for the victims.

The problem of identity fraud isn’t simply in the United States. In Europe, the British have crunched some numbers, reporting that identity fraud has cost their economy a lurid 1.7 billion pounds.

Get all the information you need on identity fraud [] from Mike Selvon’s identity theft [] portal, and leave a comment at his identity theft [] blog.

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Justify The Immigration Frauds

After a recollective growth in fraud cases, it has go very significant to discourse the evidence of immigration fraud. Note that many respects, these counterfeits successfully can act place. And the candidates have their hands in the doing it potential. People ne’er work to do research before engage a consultant, that is the government organized or not. After seeing so many cases of visas frauds, it is very hard to faith on their ain government consultants. But people trust them blindly and complaints after it were stolen.

Now its necessary to know that how can we escape from these fraudsters. So the following points will help the candidates to escape such situations.

Some counterfeiters are trying to impress the people by speaking their area language. With this they will succeed in convincing candidates that they both belong to the same place therefore they are friends. Beware of that type of fraudsters. Never trust them blindly.

Never believe a person who gives you 100% guarantee. That person promises that will surely win their case, but it is not possible. No one can give a guarantee to win the case, not even the best immigration lawyers to win every case.

Other trick play by counterfeiters is that they are telling to candidates that they have a good friend in immigration office that will handle all, if a problem occurs. Do not pay money for consultants. They might be planning some of the scams are trapped.

And most important consideration is that dont present any false documents in from of the government official. The government has several ways to catch counterfeiters. Therefore if you are involve in that activities, which will be easily capture. Then you should beware from that.

I saw many other things that necessitated to be taken into account. After examining the above, if you find someone to does something like to visa fraud, then you should do complaint immediately. Your one complaint can save the lives of many people.

For more information contact with Global Visas Fraud and Complaints Department

My Name is Faisal Naved and I am online marketer, currently I am working with English Company. I love to write Blogs and Articles. So, in this way I have submitted many Blogs and articles over on internet. I mostly write about Global Visas Fraud and Global Visas Complaints Department and distribute more ideas which help victims.

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