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Smart Shopper Credit Scores and Vehicle Financing
945 messages, Last post on Dec 06, 2009 at 9:30 AM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
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Starting this year, all three credit reporting agencies have to give you a free report, once per year... This is being phased in, by state of residence.. So, it isn't valid yet for every state... Sorry.. I don't have a link for it.. My point it.. soon, it will be completely free.. You won't have to pay anything for it.. Courtesy of federal government regulation.. regards, kyfdx
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..... Thats old news .... The point is, getting day to day information and understanding what your looking at ... See, most people look at their Credit Reports "only" when the stuff hits the fan and that might be every 5 or 10 years maybe, by then it's waaay to late ..... whether you spend -0- or someone spends $35 is a moot point ... Mortgage lenders just made Billions with a "B", off of the cheap rates by charging extra points and closing costs in the last few years because the JC Penny's card still shows up or the furniture store in 98 showed a charge-off, but paid report ..... it was only $5 bucks before, do you think "free" is going to change things ..l.o.l... Terry.
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Replying to: rroyce10 (Mar 20, 2005 10:07 am) For the vast majority of flotsam and jetsam that you have to deal with on a daily basis.... No, probably not.. I just wanted to point out that you don't have to pay $5, $15, or even $35 anymore to get that info... I check my score every other year or so... before I had to pay.. Now, I don't.. As Martha would say.. that is a very good thing... regards, kyfdx
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Replying to: kyfdx (Mar 20, 2005 10:10 am) Terry. |
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Replying to: kyfdx (Mar 20, 2005 10:10 am) The argument being that the information is out there, and you need access to it. But the score is the product of the corporation, and you have no rights to it. -Mathias |
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important, but to me, what's more important is accuracy. My name is James E (Edwin) Lewis - no Jr, Sr, II, III, nothing. In 1987, in Texas, I opened a Gordon's Jewelers account. Charged a few things, paid them off in a few months. Started getting harrassing phone calls about my account. Didn't know why, there was no current balance. As you may know, SSANs are assigned by region and state. My SSAN started with the same 5 numbers as a guy named James A (Alan) Lewis, Jr, who had a Gordon's account that went 180 days delinquent. He also lived in Abilene (where I was stationed, I'm from South Texas, no there) and had several other bad debts. Over 2-3 years, I was getting nastygrams for Gordon's, Beall's, Dillards, Texaco, even some of the local supermarkets because of his bad checks. I got smart after a bit and demanded at each phone call that they confirm my SSAN and compare it to his. I was actually given his SSAN on several occasions, so when someone would call about a bad check, I'd make sure they had his number! In all, I helped local PD and merchants process several civial cases against the guy, especially since I was a cop, and Air Force member, and what credit I was good until this other dude started duplicating accounts on my bureau. It isn't like he ever opened an account in my name, but Gordon's especially ended up transferring his account number, blanaces, and delinquents onto my TRW bureau because someone didn't notive our last 4 numbers were different, and I was James E. and he was James A. Too late to make a long story short, but to me, the most important element of anyone's credit bureak report is accuracy. It took until 1994 - 4 years after I'd left the area, to finally convince Gordon's that I wasn't him. Review your reports, don't wait, correct any mistakes. Second issue - I'm looking at another new car, and although I traded my PT Cruiser in early November and my Chrysler Financial account was paid off on 11/10/04, the account STILL shows open on my bureaus..... |
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Replying to: driftracer (Mar 20, 2005 12:25 pm) When we wrote to them to get the old account closed and have it reported to the bureaus, they were pretty quick to act.
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Replying to: kirstie_h (Mar 21, 2005 7:33 am) Experian is showing the balance of $180,000 on a home that was sold in 00 .. in the meantime, he's been in the new home for 5 years and hasn't missed a beat on anything and his debt ratio "shows" 67% and his Fico scores are hovering around the low low 600's, he should be 700+, but the other home is dragging the whole deal down ...... the problem is, you can't find anyone that can actually read a credit report and they go by the scores --- can we spell "nuts" .....................  Terry. |
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Replying to: kirstie_h (Mar 21, 2005 7:33 am)
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Replying to: danf1 (Mar 21, 2005 7:53 am) |
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