Tomas Loden asked:


The information age has provided us the means to obtain personal info on just about anybody with the click of a mouse and with lightning speed delivery.

Most often, people assume that obtaining credit reports is just a way to gather their credit scores and find out what entities they owe debts towards. However, utilizing the power of instant credit reporting can be extremely useful for other types of services in which background checks need to be administered.

Screening employees

Do you run a small business which depends on the work of employees? Regardless if your business is in your home or located in a small neighborhood store, anybody that you have working for you needs to be trusted.

What better way to find out a little bit about their background than by utilizing an instant credit report service? This is especially true if your business deals with the handling of large volumes of money, such as a check cashing establishment.

Screening new tenants for your real estate properties

Another useful means in which instant credit reports can be utilized is by landlords who are renting out their homes or apartments to tenants whom they do not know. Within five minutes of requesting a background credit check, you will know whether or not your potential tenant can be trusted with his or her rental payments.

How you base this trust in connection to their credit report is up to you, however, it is usually pretty easy to detect a relation of their spending habits with that of the instant credit report and what information it reveals.

Screening potential customers for financing needs

Do you plan on opening up a business in which you will finance your customers on a payment plan? Regardless of the product you provide, if your business model relies heavily on accepting future monthly payments by customers whose product is delivered to them immediately, there is no better way to determine who qualifies as a customer then by utilizing instant credit reports.

Let’s face it, there is no point in going into the finance business (money or hard goods) if you do not have the ability to run a background credit check on your potential customers.

You must be qualified to run instant credit reports on individuals.

Before you run out and decide that obtaining background credit checks is a must-have tool for your business needs, it is important to understand that you cannot obtain a copy of another person’s credit file without permission.

It is totally illegal to do so and you are well advised to check with the Fair Credit Reporting Act (FCRA) for details and specifications about what circumstances can qualify you to obtain a credit report, and by whom.

Access is restricted

If you decide that you must have the ability to run instant credit reports on individuals other than yourself, then the rules state that these credit reports are restricted to a business that has a specific need, such as the above examples in this article, as well as handling consumers who have specifically requested you to run their credit reports. Other examples include having power of attorney or if you are the parent of a child and in need of a report for him/her.

Ryan asked:


If you are about to dispute credit report errors, here are some tips to get the results you want quickly.

1. Review your credit report periodically and be prepared to dispute credit report errors. It is common for information on your credit report to be inaccurate, and it can affect your ability to get a loan and the amount you have to pay to borrow money.

2. Only order your credit report form the official Annual Credit Report site. Any other website that offers a “free annual credit report” only does so when purchasing one of their products or signing up for a free trial that will automatically bill you after 30 days. The Annual Credit Report site is completely free and allows instant access to your current credit report.

3. After reviewing your credit report contact the credit reporting agency, in writing, about the information you believe to be inaccurate. Send a copy of your credit report to support your claim, and keep copies of all documentation for yourself.

4. Send your letter via certified mail so you have proof that the information was sent and a record of when the reporting agency received it. By law they have 30 days to review your claim and get back to you with a final determination.

5. If your claim is accepted, the information on your credit report will be removed and your credit score should improve. Upon request, the credit reporting agency must send a notice of the corrections to anyone that received your report within the last 6 months.

6. Keep an eye on your credit report going forward. Just because you dispute credit report errors and win, that does not prevent the creditor or lender to put the negative information right back on your file. If this occurs, you will have to start the process all over again.

Charle Lawrence asked:


A credit report is an invaluable tool to keep in touch with your finances and credit state. It has become all the more simplified with the advanced technology of the digital age. You can have access to your credit record, right at your place with just click of a mouse. It makes you aware of your financial standing and saves you from falling prey to identity theft. It is also crucial to keep a check on your credit history for any inaccuracies on the part of your creditors that could reduce your chances of finding a credit card, home loan, auto loan or anything else at decent rates. Therefore, online instant credit report helps you to save ample money, as well as guard your credit rating from being ruined by identity thieves. Here is all you need to know about online instant credit report and how you can have access to one in a short span of time.A number of credit report providers charge some fee for a credit report. Subsequent to which you have to wait for at least seven to ten business days for your credit report. Why to spend money, when you can have it free? Yes, it is true you can find your credit report without paying anything through online mode. The credit agency gathers plenty of financial data of millions of individuals, which comprises employment history, handling of debt and even arrest records (in certain cases). Nowadays, you can easily get a free credit report, without any bureaucratic hurdles or any unreasonable charges. Make it a point to thoroughly review the information and find out any fraudulent activity. Some of the things that you can check are all the listed addresses must belong to you, mentioned information should be accurate and some other individual having same name or a family member is not associated with your credit history. Keeping all these things in mind will help you to find online instant credit report and you will be able to manage your finances effectively than ever before.

Athena asked:


I have only owned old cars that were passed on to me by my father. I have never actually went to a dealership and bought a car before. I feel trapped! The car I have now is falling apart! My parents and friends eathier have no credit or bad credit, but mostly just bad credit. So there is no way I can get a co-signer! I called a credit union today and they also said they couldn’t help me. So I am confused. My father has purchased all of his cars through a credit union… Can someone please help me?!
& yes, Kia rejected me also!

Tomas Loden asked:


Nowadays there seems to be an “expert” credit repair company everywhere you look. There are advertisements on the television, in your newspapers, and of course all over the Internet.

In addition, every time you turn on your radio or look in the mailbox you will continue to find credit repair companies that make bold claims about how well they can get your debts cleared and resume your financial status back into the green zone.

What’s with all the hype?

You know exactly the type of claims I am talking about. These credit repair companies all say the same thing:

“Do you have credit problems? No problem, we can help!”

“Work with us and legally create an entirely new identity”

“We can erase all of your bad credit, no matter how much debt you have, and it is 100% guaranteed!”

“Do you have judgments, bankruptcies, bad loans, and liens? Our services can wipe these items from your credit file and remove them forever!”

Do not fall for these very misleading statements

It is quite understandable to be persuaded by the sales hype of these types of credit report repair offers. Let’s face it, your credit is a mess, debts are high, and like most people, you would do anything to repair and clear your credit. But like the old saying goes: “If it sounds too good to be true, then it probably is”

You must learn to recognize the red flags of false advertising and misleading credit repair claims. Most of these companies are just looking for a fast buck by taking advantage of desperate men and women who have piled on debt over the years. Unfortunately, many young people tend to fall for these types of offers because of poor spending decisions and extremely high student loan expenses.

Watch out for the following red flags

When responding to any offer from a credit report repair company, regardless of whether it is in good standing with their clients are not, watch out for the following red flags:

1. Credit repair companies that ask for payments upfront before any of their services are provided to you.

2. Agencies that except your payment but then refer you to directly contacting the credit bureaus yourself.

3. Debt repair services that use illegal tactics in order to try to beat the credit filing system, such as offering to help create a new identity for you.

4. Credit repair companies that do not fully disclose your legal rights and what you can do for yourself to help repair your credit that is free of charge.

All hope is not lost, there are trustworthy credit repair agencies available!

The point of this article is not to scare you off into thinking that all credit repair companies and their offers are scams. In fact, there are indeed some very professional and reputable credit report repair companies that can help you with your debts. But certainly you must heed the advice of not falling for every offer that promises to clear your name and your debts overnight, literally.

Jackstarks asked:


Man. My company ran out of buisness long time ago, and I need about $1000 quick cash, but my credit is bad. After all research, the only option I have seems OrchardBank. How much credit line do they offer to someone with real bad credit under 520?

gails_gails asked:


I was divorced a few years ago and left with very bad credit.
I have applied to several banks and loan companies for a loan, but turned down due to bad credit rating. Does anyone know where I can turn to get a fair loan?

Kim H asked:


I am currently going through a divorce and one of the main reasons I am divorcing my soon to be ex is that he has ruined me financially. My house is foreclosing and I need to find an apartment between Dighton, Ma and Bridgewater, Ma. Here’s my problem. My credit since I have been married is terrible. I am very dependable and have been at the same job for almost 8 years. I can provide personal and professional references and pay a few months rent in advance if need be. What can I do? People with bad credit have to live somewhere, right? Help.. I don’t want to end up homeless. Any ideas or suggestions would be great.

keynabeena asked:


I already contacted the credit union, they wont give me the loan, its a repo for only 2700.00 but I just dont have the credit, does anyone know where you can get a small loan for someone with really bad credit?
Thanks for your help!

raymond m asked:


I am trying to consolidate my bills and get my credit clear so I can start a business.I have very,very bad credit and I am tryiing to start a business. How would I get a credit card for my business with extremly bad credit. And who will except me?