Credit Report

  • How Does a Divorce Affect Your Credit?

    • February 15, 2018
    • Posted by: Joel Firestone (G-Net Consulting)
    • Category: News
    No Comments

    Divorce, in and of itself has no bearing on your credit.  However, if you have joint accounts with your ex you could be in for trouble, even if debts are listed in the divorce decree as being the responsibility of your ex spouse.  As far as credit is concerned, the divorce decree really has no

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  • Big Changes Coming For Credit Reporting Agencies

    • January 25, 2018
    • Posted by: Joel Firestone (G-Net Consulting)
    • Category: News
    No Comments

    Thanks to a 2015 settlement agreement between the New York Attorney General and the three credit reporting agencies, some important changes are on the way in regards to credit reporting. An additional agreement between the credit reporting agencies and another 31 state attorney generals ensure that the change will be nationwide. The changes are being

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  • Reading a Credit Report

    • December 28, 2017
    • Posted by: Joel Firestone (G-Net Consulting)
    • Category: News
    No Comments

    Credit reports can be very confusing to read at times. There is a lot of information to decipher, codes that may not always make sense, etc. There are some basic things to know that may help when you are looking at a credit report. While there are several different scoring models available for each bureau,

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  • What Exactly is a Rescore?

    • November 30, 2017
    • Posted by: Joel Firestone (G-Net Consulting)
    • Category: News
    No Comments

    A “Rescore” is the updating of information on a credit report at the bureau level in an expedited manner. It is not credit repair and it is not a manipulation of the credit report. Eventually the changes that are made through a rescore would be reported at the bureau level by the creditor. A rescore

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  • The Equifax Breach – What You Need to Know

    • September 28, 2017
    • Posted by: Joel Firestone (G-Net Consulting)
    • Category: News
    No Comments

    So you’ve found out you were one of the 143 million people who were possibly compromised by the Equifax breach. What exactly does that mean and what should you do now? What it means is that hackers stole names, addresses, social security numbers and even driver’s license information. In some cases all this information was

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  • A New and Dangerous Form of Identity Theft

    • May 4, 2017
    • Posted by: Joel Firestone (G-Net Consulting)
    • Category: News
    No Comments

    “Synthetic Identity Theft” now makes up 80% of all ID thefts in the country at this time. Never heard of it? A lot of people haven’t. What is it? A thief takes one piece of your true identity (usually a social security number) and then combines it with false information such as a different name,

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  • When a Lender Pulls Your Credit Report

    • March 30, 2017
    • Posted by: Joel Firestone (G-Net Consulting)
    • Category: News
    No Comments

    You’re going to buy a home and you’ve gone to one of the many resources to pull a copy of your personal credit report, but is it the same as the credit report your lender will see? As far as the content, it probably is; as far as your credit scores, probably not. The scores

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  • Checking Your Credit Report is a MUST!

    • March 9, 2017
    • Posted by: Joel Firestone (G-Net Consulting)
    • Category: News
    No Comments

    Approximately one-third of the population doesn’t check their credit reports every year. Almost one-fourth have never checked them at all. Not checking your credit report on a periodic basis puts you at a lot of risk. The good news is that checking your credit reports is a very simple thing to do. A government study

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  • What’s Not Included in a Credit Score

    • December 22, 2016
    • Posted by: Joel Firestone (G-Net Consulting)
    • Category: News
    No Comments

    There is always a lot of talk about everything that IS included in credit scores, like how to make them better and what hurts them. But there is a lot of information that is not part of a credit score that some people have always thought were factored in. Here is what is NOT included

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  • Credit Repair – Not Just Bad for Borrowers

    • November 3, 2016
    • Posted by: Joel Firestone (G-Net Consulting)
    • Category: News
    No Comments

    Once a year I try to touch on the evils of credit repair as every year I see more and more the damage it can cause a borrower. But it’s not just the borrower that is negatively affected by credit repair. It can also be damaging to the mortgage broker or lender if they are

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