483 – Why Are Credit Reports Always Wrong with Richard Moxley?

Dec 2, 2023

Credit expert Richard Moxley tackles the question of why credit reports are always wrong in this podcast. He discusses the importance of credit ratings, finding and fixing errors, navigating post-insolvency challenges, handling account changes, and conquering stubborn collection accounts.

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Episode notes

Introduction

00:00 • 2min

Understanding Credit: More Than Just a Score

01:53 • 9min

Common Errors in Credit Reports

11:14 • 17min

Fixing Credit and the Value of Improving Credit Reports

28:11 • 2min

Differences between Equifax and TransUnion credit reports

29:52 • 6min

Importance of Accurate Account Numbers in Disputing Credit Report Errors

35:42 • 4min

In this week's episode of Debt Free in 30, credit expert Richard Moxley returns to tackle the burning question: Why are credit reports always wrong? From the importance of credit ratings to practical tips on finding and fixing errors, we cover it all. Discover how to navigate post-insolvency challenges, handle account changes, and conquer stubborn collection accounts. Don't miss this deep dive into credit report complexities with actionable solutions!

Timestamps:

00:00 Introduction

01:21 Why is my credit rating important?

04:19 Do I care what's on my credit report if I don't plan to borrow?

07:54 Should you check your credit report for errors?

09:40 Is current employment updated on your credit report?

11:00 How do you I find errors on my credit report and what errors do I look for?

14:11 I filed a consumer proposal why is a creditor reporting I am behind on my payments?

17:25 What happens if you sue the credit bureaus.

20:36 Can you go to individual creditors to fix errors on late payments?

23:21 Are there any strategies you can use to fix errors on your credit report?

28:00 How much will it cost to have a credit expert fix the errors on my credit report?

29:08 Are free credit score apps worth it?

33:14 Disputes and account numbers

37:24 Concluding comments

Related Links:

Have a question or comment for a future show? Leave us a voice message here: https://www.hoyes.com/dfi30comments

Richard Moxley's Website: https://creditgame.net/

The Credit Game: Rules Every Canadian Must Know to Win: https://www.amazon.ca/Credit-Game-Rules-Every-Canadian-ebook/dp/B07XKG1VHP

TransUnion Credit Report Explained: https://www.youtube.com/watch?v=BWFO_C336BM

How to get and print your FREE Equifax report: https://www.youtube.com/watch?v=Z03_DvfFY38

How to get and print your Free credit report from TransUnion: https://www.youtube.com/watch?v=K6a_R8gZFnw

How to Dispute Errors on Your Credit Report: https://www.youtube.com/watch?v=zuuGtBR40QY

How to Rebuild Your Credit Score Fast!: https://www.youtube.com/watch?v=Y6OJoQPia28

How to Read a Credit Bureau: Equifax Canada: https://www.youtube.com/watch?v=PEVHQOAFw64

Debt Free in 30 Episode #284 - Rules to Master Your Credit with Richard Moxley https://www.youtube.com/watch?v=jP6etPo_CQc February 8, 2020 (from Toronto)

Debt Free in 30 Episode #329 - Fix Bad Credit Yourself - Tips & Tricks From an Expert https://www.youtube.com/watch?v=BtncJCxN4So December 19, 2020 (by Zoom)

7 Facts About Your Credit Rating (What's in your Credit Score?)

https://www.hoyes.com/blog/7-facts-credit-rating/

Free Credit Score Comes With a Catch:

https://www.hoyes.com/blog/free-credit-score-comes-with-a-catch/

The Big Credit Score Scam:

https://www.hoyes.com/blog/the-big-credit-score-scam/

What Are The Common Factors That Affect A Credit Score?:

https://www.hoyes.com/blog/what-are-the-common-factors-that-affect-a-credit-score/