It never ceases to surprise me how confused most people are about how the credit system works   This article is a quick summary of the top four myths of credit.

Myth One:  “Information in my credit file can’t be changed.”

Truth:  The Fair Credit Reporting Act requires that any data that is disputed by a consumer must be verified as 100% accurate. This means that if a creditor can’t prove that the disputed tradeline is accurate, it must be removed from your credit report.

Myth Two:  “I must pay off past due accounts to improve

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People love to use catchy titles and when people think they are being told a secret it is that much better. They think they are being told something that know one else knows, but the truth is there are no debt elimination secrets. The information is there for the taking. It is about developing a debt management plan that you

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There was a time when once you took out a credit you paid it back magazine and if you moved house you then took out an alternative finance possibly with the same lender. A remortgage wasn’t that accepted as lenders were not that keen on the firm
stillover new years many lenders have been keen to allow some of its lenders to remortgage more

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