8:00 AM - 7:00 PM EST

Open Monday - Friday

(800) 979-3707

Call Us For Free Consultation

Facebook

Twitter

Search
Free Evaluation
logo
Free Evaluation
mobile logo
 

Articles

Read our expertly written blog
Sanders Law Group >  Articles
16 May 2023
Sticky

How Credit Scores Are Calculated

16 May 2023
Posted by Blog User
in Uncategorized

How Credit Scores Are Calculated Introduction: In today's digital era, your credit score serves as a financial fingerprint, influencing your ability to secure loans, credit cards, or even rent an apartment. But do you know the intricate workings behind credit score calculation? In this comprehensive guide, we will unveil the mysteries of credit scoring, dissecting the factors that shape your score, and offering valuable insights to enhance your financial well-being. The Basics of Credit Scores A credit score is a numerical representation of your creditworthiness, a three-digit number that lenders use to assess your financial trustworthiness. Its significance cannot be...

Continue reading
16 May 2023
Sticky

The Structure of a Credit Report

16 May 2023
Posted by Blog User
in Uncategorized

Structure of a Credit Report Section Description Personal Information Contains details such as your full name, current and previous addresses, date of birth, Social Security number (or other identification number), and employment history. This section provides key identifying information to ensure that the credit report corresponds to the correct individual. It's important to review this section for accuracy and report any discrepancies to the credit reporting agency. Credit Summary Provides a summary of your credit accounts. It includes the number of open and closed accounts, types of accounts (e.g., credit cards, loans), credit limits, balances, and payment status. This section...

Continue reading
16 May 2023
Sticky

Credit Repair Companies vs Credit Report Lawyers

16 May 2023
Posted by Blog User
in Uncategorized

Credit Repair Companies vs Credit Report Lawyers. Which One To Use. Comparing credit repair companies and credit report lawyers can be essential for individuals who are facing credit-related issues and are seeking assistance to improve their credit standing. Both options have their own advantages and disadvantages, and the choice between the two depends on your specific circumstances and needs. Credit Repair Company Credit Report Lawyer Services Provided Assistance with disputing inaccurate or outdated information on credit reports, credit counseling, credit monitoring services, debt negotiation/settlement. Legal representation and advice specifically related to credit reporting issues, handling disputes, lawsuits against credit bureaus...

Continue reading
16 May 2023
Sticky

Credit Repair Company vs Credit Report Lawyer – You Decide

16 May 2023
Posted by Blog User
in Uncategorized

Credit Repair Company vs Credit Report Lawyer - You DecideIntroduction Credit repair is a process of improving an individual's credit report, by removing errors and negative items that adversely affect their credit score. This can be done through a credit repair company or a credit report lawyer. The purpose of this article is to compare and contrast the services provided by these two types of professionals, in order to help readers make an informed decision about which option may be best for their unique needs. Credit repair companies are businesses that offer services to help individuals improve their credit scores,...

Continue reading
16 May 2023
Sticky

Factors to Consider When Selecting a Credit Repair Company

16 May 2023
Posted by Blog User
in Uncategorized

Factors to Consider When Selecting a Credit Repair Company: Reputation and Track Record: Check online reviews and ratings on platforms like Google, Yelp, and Trustpilot to gauge the experiences of previous clients. Visit the Better Business Bureau (BBB) website to check the company's rating and any complaints or legal actions filed against them. Look for any regulatory actions taken by organizations such as the Consumer Financial Protection Bureau (CFPB) or the Federal Trade Commission (FTC). Legitimacy and Compliance: Verify that the company is licensed, bonded, and registered to operate in your state. Check if they are compliant with the Credit...

Continue reading
16 May 2023
Sticky

Fair Credit Reporting Act – Protecting Consumers

16 May 2023
Posted by Blog User
in Uncategorized

Fair Credit Reporting Act - Protecting Consumers The FCRA: An Overview The Fair Credit Reporting Act (FCRA) is one of the most significant pieces of financial legislation in the United States. The law, which was enacted in 1970, governs how consumer credit information can be obtained and used by credit reporting agencies, lenders and other entities. The FCRA was designed to promote transparency and fairness in credit reporting practices, protect consumers' privacy rights and prevent against identity theft and other forms of fraud. At its core, the FCRA establishes guidelines for obtaining and using consumer credit information. The law requires...

Continue reading
16 May 2023
Sticky

Telemarketing Sales Rule (TSR) Compliance is Crucial for Credit Repair Companies

16 May 2023
Posted by Blog User
in Uncategorized

Why The Telemarketing Sales Rule (TSR) Compliance is Crucial for Credit Repair Companies Introduction Credit repair has become a prominent industry due to the prevalence of financial problems among individuals and businesses. With credit scores playing a considerable role in determining borrowing capacity, more people are seeking assistance from credit repair companies to fix their credit report errors. However, as the telemarketing industry continues to grow, so does the need for regulatory controls to protect consumers. The Telemarketing Sales Rule (TSR) is one such regulation that governs telemarketing activities in the United States. Definition of Telemarketing Sales Rule (TSR) The...

Continue reading
16 May 2023
Sticky

Credit Repair Organizations Act (CROA)

16 May 2023
Posted by Blog User
in Uncategorized

 Navigating the Laws and Regulations of the Credit Repair Organizations Act (CROA)IntroductionIn today's society, having good credit is essential for many reasons. It can affect your ability to get a loan, rent an apartment, or even get a job.Credit repair companies offer services that help individuals improve their credit scores. These companies work to remove negative items from credit reports and negotiate with creditors to find ways to improve the overall credit score of their clients.Definition of Credit Repair CompaniesCredit repair companies are businesses that offer services designed to help individuals improve their credit scores by removing inaccurate or negative...

Continue reading
15 May 2023
Sticky

Understanding the Five Components of a Credit Report

15 May 2023
Posted by Blog User
in Uncategorized

Understanding the Five Components of a Credit Report Introduction Your credit report is essentially a snapshot of your financial history. It includes information about your credit accounts, payment history, and other financial data that creditors use to determine your creditworthiness. As such, understanding the components of your credit report is critical for managing your finances and ensuring that you have access to affordable credit. Definition of a Credit Report A credit report is a detailed record of an individual's borrowing and repayment activities from various lenders over time. It includes information about all types of loans and other forms of...

Continue reading
15 May 2023
Sticky

How do joint accounts and authorized users impact my credit report?

15 May 2023
Posted by Blog User
in Uncategorized

How do joint accounts and authorized users impact my credit report? Introduction Your credit report is one of the most important documents in your financial life. It plays a crucial role in determining your eligibility for loans, credit cards, and other financial products. Therefore, it’s essential to understand how joint accounts and authorized users impact your credit report. Explanation of Joint Accounts and Authorized Users A joint account is a bank account that is shared by two or more individuals. Each individual has equal access to the account and can make transactions without the approval of other co-account holders. Joint...

Continue reading