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Don’t Let a Change of Address Change Your Credit Status

Register on the electoral rim when travelling house

London, UK (PRWEB UK) 23 May 2013

As recent reports suggest that the house buying market is improving, leading online credit information provider, Equifax, is urging movers to ensure that they register on the electoral roll as soon as they change their address. Being registered on the electoral roll is not only a legal requirement of every UK adult but it plays an important part in how an individual is assessed when applying for new credit.

“A lot of people aren’t aware that not being registered on the electoral roll at their current address tin affect their ability to get credit,” explains Neil Munroe, External Affairs Director at Equifax. “And this is especially important when moving home because of the new credit agreements that are likely to be needed, from broadband deals and phone contracts to home and car insurance on instalments. Not being registered on the electoral roll means they may not be accepted simply because a lender cannot verify their identity.”
Electoral Roll information is provided to credit reference agencies to verify a person’s identity for credit checking purposes. It is also a vital piece of information for fraud prevention.

“As ID fraud is a major threat to lenders they place considerable importance on electoral roll data to verify an individual’s identity,” continued Neil Munroe. “Although there are a number of factor that contribute to an individual’s credit score, being registered on the electoral roll is one way of easily boosting this. Individuals will have a long list of things to do when they move home, and so making sure they are registered should be high up on that list.”

Equifax also encourages home buyers to get a copy of their credit report, both before they make the move to equip them to get the best mortgage deal, and afterwards to check that their new address details are up to date. Plus the Equifax credit report monitoring serve will also provide alerted about any unauthorised applications for credit – particularly important when home-movers might be concentrating on other matters.

The Equifax Credit Report is accessible for 30 days free simply by logging onto http://www.equifax.co.uk. If customers do not cancel before the end of the 30 Day Free Trial, the service will proceeding at £9.95 per month, giving them unlimited online access to their credit information and weekly alerts on any changes to their credit file. It also includes an online dispute facility to help them correct any errors on their credit file simply and quickly.

The Equifax app is available free from the Apple iTunes Store on iPhone and iPad and from Google Play for Androids.

About Equifax
Equifax is a global leader in consumer, commercial and workforce information solutions, providing businesses of all sizes and consumers with information they can trust. We organize and assimilate data on more than 500 million consumers and 81 million businesses worldwide, and use advanced analytics and proprietary technology to create and deliver customized insights that enrich both the performance of businesses and the lives of consumers.

Headquartered in Atlanta, Equifax operates or has investments in 18 countries and is a member of Standard & Poor’s (S&P) 500® Index.

©Copyright 1997-

, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

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Aveling Homes Offers Tips on Improving Credit Scores for a Mortgage Application

Perth, WA (PRWEB) May 23, 2013

The latest figures from the Australian Property Monitor (APM) are encouraging.

National housing prices rose by 1.7 percent in the first quarter. Melbourne, Sydney, Perth and Darwin recorded significant increases since prices began falling just a few years prior.

The outlook remains optimistic as the trend is expected to continue throughout the year.

Even lending for the construction and purchase of new homes have significantly increased according to data from the Australian Bureau of Statistics. A combination of low interest rates and rising confidence are partly responsible for this growth.

But lenders are not in a position to qualify anyone who applies for a mortgage. Applying for a home loan is not as simple as filling out an application and hoping for the best. Borrowers must first be able to prove their ability to pay back their loan.

Otherwise their mortgage application will be met with rejection.

Credit scores have become increasingly important as an indicator of creditworthiness and to determine loan conditions. First time home buyers can benefit tremendously by taking the time to improve their credit with the following tips.

Obtain credit reports
Potential borrowers with a solid credit history have better chances of getting a bonding application approved. And they do this by looking through credit reports, bank statements, existing debt and employment status in detail.

Checking credit reports prior to submitting an application is absolutely crucial. Lenders look at these reports before qualifying a home loan.

Dispute Questionable Information
Errors on credit reports are common. But they also affect credit scores and could even lead to higher interest rates or a rejected application. Questionable information must be disputed and removed immediately before further damage can incur.

The process can be time consuming but it could easily mean the difference between favorable rates and poor terms.

Reduce Debt
Potential borrowers with a significant amount of debt relative to their income have a poor accidental of getting their applications approved. The reason is they are seen as risky investments particularly if there is a delinquent history of late payments.

And taking on a mortgage ultimately adds fifty-fifty more debt. Lenders are especially leery of borrowers who fought to meet their fiscal obligations. All credit cards and outstanding debt should be reduced as much as possible.

Likewise every effort should be made to not incur any new debt including attribute cards or car payments.

Establish Payment Habits
First time home buyers are encouraged to establish a solid history of timely payments before applying for a mortgage. Even one late payment can be enough for lenders to reconsider an application. But regularly making payments on time proves financial responsibility to lenders.

Credit scores are absolutely crucial for mortgage applications. Making every effort to improve them takes time but pays off in the end.

About Aveling Homes

Aveling Homes are award winning luxury home builders in Perth WA dedicated to providing exceptional service. Find out more about our display homes and our accommodate and land packages by contacting one of our representatives today.

Visit the Aveling Homes website at http://avelinghomes.com.au for more details about our services and available financing options for first time home buyers.

Aveling Homes Contact Information
24/7 Metro Sales: (08) 6144 1000
24/7 Sth West Sales: 6144 1001
Metro: sales(at)avelinghomes(dot)com(dot)au
South West: southwest(at)avelinghomes(dot)com(dot)au

©Copyright 1997-

, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

The Hidden Horrors of Your Credit Report

(PRWEB) March 06, 2013

As National Consumer Protection Week kicks off in March, many consumers are reminded of some of the critical mistakes that can cause long term damage to their financial profile, the most common of which is attributing reporting errors. A recent analyzed released by the Federal Trade Commission earlier this year discovered that 26 percent of consumers suffer from material errors on at least one of their three credit reports – errors which often go unnoticed. Even more shocking, 5 percent of these consumers participating in the study moved into a different credit risk tier once the error on their credit report was corrected.

“National Consumer Protection Week is a reminder for consumers to take the time to educate themselves to avoid falling victim to credit reporting errors,” said Steve Trumble, president and CEO of national nonprofit American Consumer Credit Counseling. “A credit report can impact consumers’ ability to borrow, get a job, afford a home and even get an education. This report indicates that consumers should not only be reviewing their credit report twice each year, but also should expect to find at least one reporting error and know how to dispute it.”

Of the 1,001 consumers surveyed by the FTC, 1 out oftenpeople found significant mistakes on their credit report that lowered their credit score. Such errors included the number of credit-card or mortgage payments a consumer was believed to have missed or the number of loans that were sent to collection agencies. Additionally, the 8-year long survey found that about 8 million people file a dispute about their credit report each year, many of which go unanswered.

“For many consumers, a ten point error in your assign score can mean thousands more in interest from increased rates,” continued Trumble. “But the trouble that many consumers have is getting the issue resolved once it’s been placed, often being treed in a legal battle for years to dispute a claim or substantiate their identity.”

As more and more consumers transition to online banking and purchases the risk for having personal information such as name, Social Security number or credit teased information stolen has increased. According to a Javelin Strategy & Research’s 2012 Identity Theft Report, last year lonely, there was a new victim of identity fraud once every three seconds with more than 12 million consumers losing more than $ 21 billion over the course of the year, as thieves open new credit card accounts in the victims’ names.

“Identity theft and credit errors go hand in hand when it comes to educating yourself,” said Trumble. “I cannot stress enough how important it is for consumers to be able to obtain and read a credit report and how important it is to save important documents such as bank and credit card statements. Often this can mean the difference between years of stress and thousands of dollars spent on reclaiming your identity.”

ACCC’s Financial Fitness Center offers consumers critical information to help them understand their rights under the Fair Credit Reporting Act, how to obtain and read a credit report and how to file a dispute. In addition, ACCC joined forces with the Federal Trade Commission as part of the agency’s national campaign, Fighting Back Against Identity Theft.

ACCC is a 501(c)3 organization, that provides free credit counseling, bankruptcy counseling, and housing counseling to consumers nationwide in need of financial literacy education and money management. For more information, contact ACCC:

     • For assign counseling, call 800-769-3571
     • For bankruptcy counseling. call 866-826-6924
     • For housing counseling, call 866-826-7180
     • For more information on financial education workshops in New England, call 800-769-3571 x1908
     • Or visit us online at ConsumerCredit.com

About American Consumer Credit Counseling
American Consumer Credit Counseling (ACCC) is a non-gain 501(c)(3) organization dedicated to authorizing consumers to achieve financial health through education, counseling, and debt management. ACCC provides individuals with practical solutions for solving financial problems and recognizes that consumers’ fiscal difficulties are often not the result of poor spending habits, but more frequently from extenuating circumstances beyond their control. As i of the nation’s leading providers of financial education and assign counseling services, ACCC works with consumers to help them with the best think of action to reduce their debt and regain financial stability. ACCC is accredited by the Better Business Bureau and holds an A+ rating. It is also a member of the Association of Independent Consumer Credit Counseling Agencies. For more information or to access free financial education resources enter on to ConsumerCredit.com or visit TalkingCentsBlog.com.

©Copyright 1997-

, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

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by NASA on The Commons

Question by fuzzywuz: Will a security freeze affect online credit card transactions?
I currently have fraud alert set up with the 3 studying credit monitoring companies. i am interesting in adding a security freeze. I was reading about what to expect during this security freeze. I’m just wondering.. how much impact this would have in terms of my normal daily transactions?I can understand that there will be a lot of hoop to go through if I want to open account or apply for new cards, but what about daily transactions?Thanks!!

Best answer:

Answer by stan c
Putting a freeze will prevent you from opening new accounts. If you decide to do it, just write the reference # which should be on the top right hand side. If and when you determine to withdraw the freeze, just call Trans Union Customer Service toll free @ 1-800-916-8800 and type in the reference number. That will transfer to a dwell rep and just inform he/she that you want the glaciate removed. If you want to put it back on, just call the above number.

Add your own answer in the comments!

Question by MrRogue: Does the Banana Republic credit card report to the credit bureau’s?
I recently opened one of these and was wondering if it reports to all 3 credit bureau’s?

Best answer:

Answer by Reena
It’s issued by G.E. Capitol…. so I don’t see why it would not report to the credit bureaus.But you can simply find out by calling the customer service number:Call 1-800-234-7455

Add your own answer in the comments!

Protect your identity during tax season

Grinnell, Iowa (PRWEB) February 28, 2013

Many Americans have begun to file their 2012 tax returns. However, in thousands of cases, Social Security numbers have been stolen to fraudulently file taxes and steal the refunds. The victims of tax identity theft won’t know a crime has been committed until they go to file and the IRS informs them that taxes have already been filed under their Social Security numbers.

Tax identity theft is more than an ongoing problem – it’s an exponentially growing crisis. In 2012 more than 641,990 incidents of tax identity theft were reported through September, according to a CNBC report. That’s up from 242,142 incidents in 2011 and just 47,730 in 2008.

With tax season underway, Grinnell Mutual encourage people to heed these simple tips from IDentity Theft 911® to prevent tax fraud from happening to your family.

1. Keep it safe. Never carry your Social Security card or number in a purse or wallet. Leave it at home in a secure place or in a safe-deposit box.

2. Employ strong usernames and passwords. Keep sensitive tax information (worksheets, W-2s, 1099s, 1040s) on a password-protected or encrypted external drive or disk, and store it in a secure location, such as a safe-deposit box or a locked safe. If you store it on your computer, make sure the drive is encrypted. Never store tax files or any personal information on a cloud or Internet drive. When choosing passwords, always include numbers, upper- and lowercase characters, and symbols such as *, ! and &.

3. Snoop around. Carefully choose a tax preparer. Many fraud rings front as tax preparation companies that may steal personal information. Verify the status of your preparer’s license with the Better Business Bureau and IRS Office of Professional Responsibility (OPR). Email the IRS at opr@irs.gov with the total name of the individual or company and their address to confirm they’re a legitimate operation.

4. Do the math. Your annual Social Security Statement will identify all income from individuals working in the United States under your SSN. Do the numbers look right? This can be a good way to spot otherwise undetected identity theft.

5. Monitor your pouch. Monitor your mailbox and stay on the lookout for W-2s, 1099s and other official tax forms. If any are late or appear to have been opened, reach the provider immediately to find out how and when they were mailed.

6. Splurge on the extras. If you file a return by mail, make sure to use certified mail from the U.S. Postal Service so you can confirm its arrival.

7. Go electronic. Opt for direct deposit of excised refunds to avoid lost or steal refund checks.

For more tip, please visit http://www.gmrc-idtheft.com, which contains current information about the latest scams, links to online resources and other interesting research and information.

About Grinnell Mutual
In business since 1909, Grinnell Mutual Reinsurance Company provides reinsurance for mutual insurance companies and property and casualty insurance products through nearly 1,600 independent agents inxiiMidwestern states. Grinnell Mutual is one of the largest primary reinsurers of farm mutual companies in North America.

About IDentity Theft 911
Founded in 2003, IDentity Theft 911 is the nation’s premier consultative provider of identity and data risk management, resolution and education services. The company serves 17.5 million households across the country and provides fraud solutions for a range of organizations, including Fortune 500 companies, the country’s largest insurance companies, corporate benefit providers, banks and credit unions and membership organizations. Since 2005, the company has assist more than 600,000 businesses manage data offended. For more information, please visit http://www.idt911.com.

Reprinted by Grinnell Mutual Reinsurance Company with permission from IDentity Theft 911, February 2013.

Attachments

©Copyright 1997-

, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Question by johnnyq: If I successfully dispute an error on my credit report with one credit bureau, will all 3 bureaus fix my score?
Will the updates/changes be made across all 3 credit bureaus?

Best answer:

Answer by SPIFIMAN1
No, you will have to go through the whole process with each bureau.There is a way around this, per the Fair Credit Reporting Act if you dispute the error with the original creditor and they can not verify it as correct they are required to notify all 3 bureaus.

Add your own answer in the comments!

Question by Tanwir C: Suze Orman said to put a flag on three major credit reporting bureau for ID theft. Anyone know how to do that?
Suze said they will let you know anytime you or anyone else applies for a credit under your name. And she said this is better than getting an imputing monitoring subcription as the will notify you after something happened.

Best answer:

Answer by CMass Stan
Contact one of the three assigning reporting agencies. Requesting a flag w/ one of them will set a flag for all three.

What do you think? Answer below!

by NASA on The Commons

Question by burn_to_blue: How necessary are services like Privacy Guard?
Should people subscribe to credit monitoring and fraud protecion services? Or are such companies just capitalizing on paranoia?

Best answer:

Answer by kevin h
Funny that you inquiring that. I was thinking the same thing just the other day. In my opinion, I considering they are just cashing in on paranoia, wish you said. I think that if you are responsible with your personal info, and you keep an eye on things yourself, you will be fine. I have had credit for the by 7 years, and have never had an incident.

Add your own answer in the comments!

BCC Research Expects the Global Market for Mobile Wallet Technologies to Reach Nearly $ 665 Billion in 2017 with a Compound Annual Growth Rate of 142%

BCC Research

Wellesley, MA (PRWEB) May 08, 2013

The global market for mobile wallet technologies is expected to reach nearly $ 665 billion in 2017 after increasing at a five-year compound annual growth rate (CAGR) of 142%. In 2011, the market was valued at just $ 4.1 billion and increased to nearly $ 8 billion in 2012.

The concept of mobile payment was adopted slowly because of a lack of mobile technology; but, due to advancements in technology, mobile payment has rapidly increased in financial service sectors.

Near-field-device communication, text-based, and service-based payments are used all over the globe to transfer funds. Smartphones and mobile devices, which are highly advanced in software and hardware, appeared worldwide, enabling safe and secure financial transactions; as a result, consumer usage of mobile devices to make payments also has increased.

Communication in day-to-day life and business has changed due to mobile devices and possibly the traditional way of financial transactions also have changed due to the use of mobile devices or mobile phones, in particular, providing new opportunities to merchants and service providers to transform mobile phones into a mobile wallet. Mobile content services (games, ring tones, and other applications) make consumers eager to use their mobile phones to transfer funds or make payments. Mobile phones also provide opportunities for financial industries and banks to expand their activities as the increase in mobile phone users can increase the number of bank accounts.

The mobile wallet is a submarket of mobile payment. Mobile wallet transactions are carried through an exclusive mobile wallet account, in which an user has an user code and password. Mobile payment pays the transaction through the individual’s bank account, debit card, or credit card independently. Mobile wallet payments, however, are processed through a mobile wallet account. The key objective of the mobile wallet is to facilitate an user with an electronic wallet in which all the contents of a real wallet such as cash and cards are electronically available at any time and anywhere. The most important driver for money transfers through a mobile wallet is the transfer without the need of Internet (typical Internet-enabled desktops or laptops). This increases the accessibility of such a facility to the rural segment and also individuals who do not hold bank accounts.

A business module is the major driver adopted in the mobile wallet system. This module requires few changes involved in technological infrastructure; new internal controls and training must be monitored and designed. The various players in a business module could be mobile operator-centric, bank-centric, hybrid collaborative, or independent service provider. Analyzing, creating and delivering new services for customer satisfaction can drive a mobile operator to see profits and bring in new customers.

For both business-to-customer (B2C) and business-to-business (B2B) activities, customer relation management (CRM) should provide technological infrastructure to detect and rectify risk factors, liabilities, and responsibilities related to mobile payment customer grievances while handling cross-organizational and cross-platform transactions in a business module.

The Asia-Pacific region generates the highest revenues from the mobile wallet and will continue to grow at the highest rate during the forecast period. The increased penetration levels of smartphones combined with the convenience of processing low-cost and high-volume transactions through the mobile wallet is expected to drive the market growth in this region at a very significant rate.

The key goals of Mobile Wallet Technologies: Global Markets (IFT070A) is:

    To identify and categorize key market segments with respect to the mobile wallet market technologies, products, and stakeholders     To identify and evaluate key market dynamics and respective impacts across geographies     To derive forecast figures for key markets from 2011 through 2017     To identify and investigate key opportunities securing growth in a competitive environment     To provide intense market intelligence through effective analysis of recent merger-and-acquisition (M&A) and joint-venture (JV) activities along with other developments among the key market participants     To identify and analyze geography-specific trends     To profile top companies in the industry.

©Copyright 1997-

, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.