Credit Report

  • Can Collections Be Removed?

    • March 11, 2020
    • Posted by: Joel Firestone (G-Net Consulting)
    • Category: News
    No Comments
    This is a very frequently asked question - It is possible to have a collection removed from a credit report? The best answer would be…sometimes. A lot depends on the type of collection, the amount of the collection and the policies of the collection agency. Technically, a collection will stay on a credit report (paid
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  • UltraFICO

    • November 8, 2018
    • Posted by: Joel Firestone (G-Net Consulting)
    • Category: News
    No Comments
    Fair Isaac Company (FICO) along with Experian and data aggregator Finicity announced last week that starting in January 2019 they will begin pilot testing a new credit score called “UltraFICO.” In addition to the information the scoring models already take into consideration, this new score will also factor in the money a consumer has in
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  • New laws will make it easier to protect your child from Identity Theft

    • August 30, 2018
    • Posted by: Joel Firestone (G-Net Consulting)
    • Category: News
    No Comments
    In a study from Javelin Strategy and Research published in May, more than one million children were victims of identity theft in 2017. Of those, 66% were under the age of eight. Up until now it was next to impossible to freeze a child’s credit file because there was no history for them. Children are
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  • Opting Out

    • August 2, 2018
    • Posted by: Joel Firestone (G-Net Consulting)
    • Category: News
    No Comments
    Does “opting out” really help your credit score? For years I have had people tell me their clients opted out and it increased their credit score by 10 or more points. In reality this is a myth. Opting out has no bearing whatsoever on a person’s credit score. What is opting out? Opting out is
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  • 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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