Signs your credit score could be in trouble

signs credit score may be in troubleYou've seen those ads for subscription websites that let you check your credit score, but haven't bitten. We here at Walletpop can't say we really blame you; they're kind of pricey, and some consumers have complained that trying to cancel can be a bit of a hassle. Besides, you figure your credit score is just fine... isn't it?

While ordering a credit score will of course clear up the question, there are some signs savvy consumers can watch for to see if their credit score has taken a dip. As this article from Bankrate points out, not being able to get a loan or being denied for a credit card application could mean your credit score isn't up to snuff. (Of course, realize that if the last time you applied for a credit card was in 2005, when America was awash in cheap credit, you're not really comparing apples to apples.)
Likewise, if you can get a loan or a credit card -- but only with a very high interest rate -- this could be a sign that something's wrong with your score. It's in your best interest to do your homework and research the current rates so you're familiar with what you should be able to get, advises Kathleen Day, spokeswoman for the Center for Responsible Lending. Of course, Day adds, only being offered a high rate could also be a sign that you're dealing with a predatory lender.

"If it seems like you're not getting the prime rate or the best rate you should wonder if maybe you're being steered into something that's more expensive," she warns. "It's probably an indication you want to look further." Don't just stop at one provider; shopping around is the best way to insure that an unscrupulous lender isn't trying to take advantage of you.

Another red flag can be if your premiums for home, life or auto insurance suddenly skyrocket. Although it might seem galling, insurance companies can take your credit score into account when determining your premiums.

Of course, it goes without saying that if you're engaging in activities like blowing off your bills or running your credit cards up to the maximum, those kinds of behaviors won't do your credit score any favors, either.

Barry Paperno, consumer operations manager for FICO, the company that administers credit scores, has warned Walletpop readers in the past that as little as a single late payment could drop your credit score by as much as 100 points.

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Dereck

Do yourself a "HUGE FAVOR" and carefully read this:

The 21st Century Act: Final Amendments to Regulation CC Section:
"Prohibits" reimbursement of Credit, Loan, and Finance Balances to a "Bank Entity" leaving only "Nonbank Consumers" able to receive reimbursement, as specified on Pages 85 and 86.

The 21st Century Act states on pg. 85 and 86 that "Only Nonbank Consumers can suffer losses and File for
Re-credit or Re-claim on any Accounts under the Federal Reserve System" also “Any Second or Third Party Presenters utilizing a Banks Documentation, Contracts and/or Agreements to seek Claims shall be considered to be that Bank under the Rules and Regulations”, the Expanded Definitions also includes Credit Cards and Home Equity Lines of Credit.
Also on Pages 100 and 101 "In any Financial Claims the Indemifying Bank (Parent Bank) must be Identified".

(Left-Click to Search Link)
21st Century Act: Final Amendments to Regulation CC http://www.federalreserve.gov/boarddocs/press/bcreg/2004/20040726/attachment.pdf

This Federal Law signed January 1, 2006 makes it "Fraudulent" and therefore "Illegal" for the 3 Major Personal Credit Reporting Agencies: Equifax, Experian, and TrasUnion to allow the Banks and the Banks "Third Party Presenters" to place any claim of "Negative" or "Potentially Negative" Accounts on your Personal Credit Based upon the fact that they have no "Legal Grounds or Claim" to the Money.

This is an "Unfair Practice" that diminishes our Financial ability to support ourselves and adversely affects our ability to gain work in many areas which breaks "Antitrust Laws".

These Rules also back claims of: "Aiding and Abetting" Racketeering and Extortion (of Finance Accounts and Personal Credit Reports), Pandering (of Credit and Loan Accounts, and Conspiracy to wit), Theft, Fraud, Federal Mail Fraud, and Telephone Harassment. Also "Threatening of the U.S. Financial Infrastructure", which is a "Capital Crime".

In order to engage the Federal Trade Commission to act against this injustice we must File many Claims, as these Reports must be Filed by a large number of people in order for the Federal Trade Commission to pursue
"Legal Action".

(Left -Click to engage Email Address)

antitrust@ftc.gov

This is way easier than "Occupying Wall Street"!

March 11 2012 at 5:03 PM Report abuse rate up rate down Reply
Carol

While I was looking for a credit report site, my firend told me about a site, that offer:

- 100% Free 3 in 1 Credit Report
- Credit Monitoring
- Fraud Protection

All in one...

I tried it and I'm so satisfied with them.I just wanted to recommend you that site:

---www.CreditReportFrees.info---

January 12 2012 at 5:31 AM Report abuse rate up rate down Reply