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DATA BREACH ALERT- 7 BILLION RECORDS EXPOSED

Billy Alt - Wednesday, April 04, 2018
Last year alone, over 7 BILLION records were exposed due to data breaches, making 2017 an all time high for IDENTITY THEFT... PROTECT YOURSELF Billionaire businessman Warren Buffet says that "cyber attacks are the NUMBER ONE PROBLEM WITH MANKIND, even worse than nuclear weapons" Look at these Alarming Cyber Security Facts and Stats There is an attack from hackers every 39 seconds, affecting one in three Americans each year. 95 perc ..

FRAUD ALERT!!

Billy Alt - Thursday, March 15, 2018
Now that I have your attention, are you and your credit protected from Identity Theft Thieves? Do you monitor your credit and utilize the protective tools that are available at no cost to you, like a Credit Freeze? A Credit Freeze protects you from identity thieves opening new accounts in your name. It shuts down access to your credit to any new creditors. Only those you specifically name will be authorized to view your credit information. A freeze  ..

The TRUTH on “Pay For Delete” letters? There is no such thing.

Billy Alt - Wednesday, February 14, 2018
The TRUTH on “Pay For Delete” letters? There is no such thing. Collection companies often buy debts for pennies on the dollar. Older accounts devalue in age, and are known as “junk debt”, and are often purchased on a spreadsheet with similar medical, utility and pay day loan type accounts. It's BIG business...over 50 Billion a year big. Collection companies are more likely to get paid if a debt is causing pain or creating an issue, so t ..

What are the minimum requirements for a FICO score?

Billy Alt - Wednesday, November 15, 2017
What are the minimum requirements for a FICO score? In order to receive a valid FICO Score, the credit report must have: • At least one account opened for six months or more, and • At least one account that has been reported to the credit bureau within the past six months, and • No indication of deceased on the credit report Small, secured and non-secured credit cards do not effect the FICO scores as quickly, and sometimes at all, as they have in  ..

Ever wonder why there are so many different types of credit scores?

Billy Alt - Wednesday, November 08, 2017
BECAUSE IT’S BIG BUSINESS… Credit score formulas are highly complex and are closely guarded industry secrets, but they all do the same: predict the likelihood of you paying back a debtor on or ahead of time. FICO Score - There are 49 different FICO scores, each with different calculations. FICO scores range between 350 and 850, with 850 being a perfect credit score. All of the versions of the FICO score use your credit files from each of the major credit r ..

With the removal of judgments and tax liens, will my scores go up?

Billy Alt - Tuesday, June 27, 2017
With the Removal of Civil Judgements and Some Tax Liens, what will the credit reporting changes do to credit scores? Not as much as you would think. As you probably already know, the "Big 3 Credit Bureaus" are making required changes to the criteria used to report a tax lien and/or civil judgment. It is anticipated that already reporting tax liens and/or civil judgments that do not meet the new criteria will be removed from the 3 consumer credit reporting age ..

Removal of Civil Judgments and Tax Liens-will my score increase?

Billy Alt - Monday, June 26, 2017
With the Removal of Civil Judgements and Some Tax Liens, what will the credit reporting changes do to credit scores? Not as much as you would think. As you probably already know, the "Big 3 Credit Bureaus" are making required changes to the criteria used to report a tax lien and/or civil judgment. It is anticipated that already reporting tax liens and/or civil judgments that do not meet the new criteria will be removed from the 3 consumer credit reporting agenc ..

What are FICO Scores?

Billy Alt - Sunday, March 26, 2017
FICO® Scores are used in over 90% of U.S. lending decisions to help lenders understand people’s credit risk and make better-informed lending decisions. They are a vital part of our credit health and influence our credit and loan approvals and what terms and interest rates we qualify for. Because FICO® Scores are the credit scores most widely used in lending decisions, viewing yours BEFORE the loan process can help you get a better understanding of how lenders will evaluate ..

WHY YOU SHOULD NEVER, EVER DISPUTE NEGATIVE ITEMS ONLINE

Billy Alt - Monday, March 06, 2017
Why you should NEVER DISPUTE ONLINE Did you know that when you dispute information on your credit report online, you are giving up your consumer rights and one of the most effective dispute strategies available? The “BIG 3” credit reporting agencies have turned the online dispute process into what some say is now their #1 profit center, since the introduction of E-OSCAR in 2009. They charge the creditors for the accounts you question during the di ..

What are Credit Report Inquiries?

Billy Alt - Tuesday, October 25, 2016
So what is an inquiry on your credit report? Credit inquiries are requests by a legitimate business to check your credit. With that being said, there are two different types of inquiries. We have soft inquiries then we have hard inquiries. There are a couple of simple differences in the two. Soft inquiries come from things such as credit monitoring or identity theft protection. These are normally from credit monitoring sites such as creditkarma.com, Experian.com, myfico.com, e ..

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