Chris Bridges with Credit with Chris discusses how to save during the holiday season on FOX 5.  Chris can be reached at 877-896-2831, http://www.chrisbridgesspeaks.com or http://www.creditwithchris.com
 
 
Chris Bridges Credit Expert and host of Living On Top talks with Chereace Richards about how to live your Ridiculously Possible Life!  To contact Chris Bridges visit http://www.creditwithchris.com or call 877-896-2831.  To register for the It's Go Time for the 21st Century Woman visit http://bit.ly/1Hv0WCa.
 
 
Chris Bridges, Certified Credit Expert and President of Credit with Chris shares that it does matter who you partner with to restore your credit score.  If you have questions or want to learn more about our program, please register for FREE assessment at http://www.goodcreditwithchris.com.
 
 
Chris Bridges, Certified Credit Expert and Principle at Credit with Chris, shares minute tip on the best place to get a FREE copy of your credit report.  For more information, visit http://www.creditwithchris.com.
 
 
Chris Bridges invites you to join her and guest, Marion Williams, on Living On Top on Tuesday, October 14th at 3pm to discuss how to use your flexible spending account (FSA) to enjoy lower taxes, greater take home pay and..live on top! 

Check out the broadcast invitation details below.
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Chris Bridges with Credit with Chris discusses how to protect your credit from recent company security breaches on FOX 5.  Chris can be reached at 877-896-2831, http://www.creditwithchris.com.  For more FOX 5 interviews, visit http://bit.ly/1s2ygJU.
 
 
9.23.14 - Chris Bridges and guests Kymberly Jackson, Bankruptcy Attorney with the Phoenix Law Firm and Theresa Royal Brown, author of Not Built To Break talk about life before, during and after bankruptcy and how to rebuild after the financial storm.
 
 
September 10, 2014 by John Ulzheimer
Today Rep. Maxine Waters (D-CA) will introduce the Fair Credit Reporting Improvement Act of 2014. If passed, the Act would result in the most aggressive overhaul of the Fair Credit Reporting Act since 2003 and change the landscape of over 650,000,000 consumer credit reports and credit scores almost overnight. The Act would require the following take place:

Fair Credit Reporting Improvement Act of 2014 Regarding the amount of time an adverse item can remain on a credit report:

  • All adverse real estate loans (those in foreclosure or otherwise derogatory) would have to be removed from consumer credit reports if the CFPB or FTC deemed them to be caused by deceptive lending practices.
  • All bankruptcies would have to be removed after seven years instead of after 10 years.
  • All judgments would have to be removed after four years instead of after seven years.
  • All paid (released) tax liens would have to be removed after four years instead of after seven years.
  • All collections would have to be removed after four years instead of after seven years.
  • All late payments and other adverse items would have to be removed after four years instead of after seven years.
  • Any and all adverse debts would have to be removed within 45 days of payment or settlement.
  • Any adverse information regarding a private student loan would have to be removed if the debtor makes nine consecutive payments on time.
Regarding credit scores:

  • Fannie Mae and Freddie Mac would be required to “regularly” revalidate the scoring models used to determine loan eligibility to make sure they’re statistically sound.
  • Fannie Mae and Freddie Mac would have to study the benefits of using “additional or alternative” credit score products to see if they would improve the accuracy of Fannie and Freddie’s own scoring algorithms.
  • Consumers must be informed that there is “no one credit score.”
  • If the credit bureaus sell a credit score to a consumer the fee cannot exceed $10 for the score. The fees cannot apply when the consumer is entitled to a free credit score.
  • A credit score is still defined as a score used to arrange loans, rather than a more comprehensive definition to include insurance, utility or tenant screening scores.
  • Consumers may request a free credit score annually via AnnualCreditReport.com.
  • All auto, mortgage or student loan inquiries that occur within 120 days of each other can only be treated as one inquiry in your score.
  • Disputed credit information may not be considered by credit scoring models in any adverse manner. (This actually already happens in both FICO and VantageScore’s credit scoring systems.)
Regarding credit report disputes with credit bureaus:

  • All supporting documents provided by consumers to the credit bureaus have to then be provided to the furnishers of the disputed credit information (normally a bank or a collection agency), despite whether or not the credit bureaus believe it to be “relevant.”
  • The credit bureaus would have to provide consumers with a copy of “all” information used by the credit bureaus in carrying out their investigation.
  • The credit bureaus would have to maintain sufficient staff to conduct investigations. This also applies to the furnishers of information.
  • The credit bureaus will have to conspicuously post a summary of consumer rights regarding their ability to dispute items and the bureaus’ obligations to investigate.
  • The credit bureau’s staff must have the ability and responsibility to directly correct errors identified in the credit report.
Regarding credit report dispute investigation standards and practices:

  • The credit bureaus and data furnishers would have to verify they have a record of the items being disputed by the consumer.
  • The credit bureaus and data furnishers must verify that the item is accurate and that it actually is being placed in the correct credit report belonging to the correct consumer.
  • The credit bureaus must conduct an “independent” investigation, separate from the furnishers’ (bank or collector) investigation, in order to identify errors.
  • The credit bureaus and data furnishers must verify that the consumer’s identification information is accurate and complete: includes full legal name, address, Social Security number and date of birth.
  • Any company that furnishes information to a credit bureau MUST retain all relevant records regarding the account for the entire period of time the item is on the consumers credit reports.
NOTE: Most of the above investigation standards already occur.

Regarding the use of credit reports for employment screening:


  • Employers can only use credit reports if the information is a “valid” predictor of employee performance for the specific position of employment, and is more reliable than alternative methods, as determined by the CFPB.
  • Consumers cannot be charged for an employment screening report.
  • The consumer’s credit report must be kept confidential.
Regarding the sale of services by credit bureaus to consumers:

  • If the credit bureaus are selling a service that has a promotional period then the credit bureaus must provide clear notice when that promotional period ends, if applicable.
  • The credit bureaus may not provide services after the end of a promotional period UNLESS the consumer specifically agrees to continue receiving the product or service.
NOTE: This appears to be in response to consumer complaints about being charged for subscriptions services by the credit bureaus after their trial or promotional free period has ended.

For more information or free assessment contact us at http://www.creditwithchris.com.


 
 
Living On Top with Chris Bridges broadcast on WLVS Listen Vision Live, Tuesday, September 23rd at 3:00 pm EST.  Chris Bridges, Certified Credit Expert and her guests, Kymberly Jackson and Theresa Royal Brown will be discussing life before, during & after bankruptcy and tell you how to have financial freedom to live on top! During the broadcast, join our Twitter chat at @creditwithchris and use #lotcb to get answers to your credit questions during the Chat with Chris segment or to just check in.

Catch the broadcast live at http://www.livingontop.info/.
 
 
Check out our latest broadcast on Living on Top with Chris Bridges on Listen Vision Live at http://www.livingontop.info.