Experian Releases 8th Annual “State of Credit” Report!

By Anselmo Moreno


Experian conducted its eighth annual “State of Credit Report,” which shows that the average credit scores have increased almost to the level of pre-recession numbers. The study also ranked the cities with the highest and lowest credit score averages and sets forth various generational insights.

In this episode we breakdown the report released by Experian!

The Extra Credit Show is a show hosted by Ex-Debt Collection Agency Executive and Consumer Credit Expert Anselmo Moreno and his business partner Richard David. They have been in the consumer credit consulting and credit repair business since 2005. They often found themselves talking to each other about the current state of consumer credit, debt, credit bureaus etc. – take a listen to the minds of two passionate long time credit repair experts.

Available on Itunes, Stitcher, Google Play, and everywhere Podcasts are found.

Instagram: @TheExtraCreditShow



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P.S Section 609 Credit Repair Loophole is bogus, in fact it has nothing to do with credit repair. Read it for yourself.

Link to FCRA:


Welcome to our new Credit Repair Show!

By Anselmo Moreno
Extra Credit Show

Credit Repair Podcast and Youtube Show


SUPER EXCITED to announce that our new podcast The Exta Credit Show is now live on iTunes, Google Play, Stitcher and YouTube!! Our first 4 Episodes are up! You can also go direct to the site at

If you like to listen to podcasts, I hope you check out our show! If you don’t, you should! A subscribe from you and a ‘like’ would really help promote the new show.

The show goes in depth on topics like Credit Scoring, Debt Settlements, Debt Relief, Credit Reports, Identity Theft, Credit Repair and all topics related to Consumer Finance. Master your credit score!

Available now on
#iTunes Go Here

#GooglePlay : Go Here

#Stitcher : Listen Here

#YouTubeWatch Here

Credit Repair Expert

ANSELMO MORENO: Commingled credit reports result in 800 score

By Anselmo Moreno

Originally published in the Bakersfield Californian

Turning 18 is a milestone for most teenagers, and mine was no exception. I was finally legally able to engage in activities teenagers salivate for, such as getting my own apartment, opening my own bank account, obtaining a credit card, and most importantly, trading in my vehicle for something a bit more desirable.

I went to a car dealership to check out some cars, and was quickly approached by a car salesman.

“Mr. Moreno, we will have to check your credit score to determine the terms of your financing,” I recall being told.

What? I had no idea what he was talking about, so I played along. I gave my personal information and waited anxiously while he went to his manager. I curiously watched as they stared at a computer screen and their eyes glinted with satisfaction.

“Congratulations, you’re approved! You have three paid off car loans with your credit union and your credit score is 800!”

I just turned 18. How could this even be possible? Did somebody steal my identity?

This scenario is an absolutely true story, and a growing problem within the consumer credit and finance industry. The technical explanation is the fact that I am a junior, with the same mailing address and name as my father. Fortunately for me, my father valued his credit profile and paid all his bills on time, and due to the similar identities, our credit profiles were merged together. Clearly, we have different Social Security numbers and dates of birth, so what happened?

The three major credit bureaus, Experian, Transunion and Equifax, sell and maintain personal information. They manage and move millions of files on a daily basis, and they often make mistakes. Father and son credit profiles can become one single profile. If you have a common name, your information can be on someone else’s credit profile with a similar identity, and vice versa.

When a consumer examines a credit report, and identifies something that does not belong there, Identity theft is blamed. However, if you look closely at the trade line, it is paid on time, as agreed. What crook is going to steal something and then pay for it? That’s the first sign of a mixed file. Previous addresses reporting on your credit report in places you have never lived? Another indicator.

While an 18 year old can start off with a synthetic 800 credit score, they can also start off with a 500 credit score if their credit twin just happened to have bad payment habits. It’s a serious, growing trend that we have seen locally. Seven out of 10 consumers who come to my office seeking identity theft advice are experiencing mixed credit file problems.

Fortunately, it is far quicker, and easier, to remedy a mixed credit file than it is to battle real identity theft. A simple correspondence to the credit bureaus requesting that they verify all key personal information including Social Security number, date of birth, and true legal name with the information the creditor has on file generally resolves the situation. There may not be a need for police reports, notarized fraud affidavits, or dealing with fraud investigators.

Check your credit report thoroughly, and often. The only free resource to obtain your credit reports is; do not be fooled by imitators.

I asked the salesman if he had realized that I could not possibly have paid off car loans when I was 14. I knew something was not right. So I left, and began my journey to obtain my own 800 credit score.

— Anselmo Moreno is a credit consultant with Innovative Credit Solutions, a credit service organization registered with the California Department of Justice. Contact him at These are his opinions, not necessarily those of The Californian.

Anselmo Moreno: Live on the MoneyWise Guys Radio Show!

By Anselmo Moreno

I was invited onto the Moneywise Guys Radio Show back on 07/21/2016!


We cover A LOT of different topics quickly, if something below peaks your interest, fast forward to it 🙂

@ :57 Seconds: Why is it important to have a good credit score?

@ 1:25 : Dating/Marriage and Credit Scores

@ 1:40: Marriage and Credit Scores – do your credit reports combine?

@ 2:55 : Employers and Credit Scores

@ 3:30: The BEST place to get your credit report and score

@ 4:40: Why your credit scores vary depending on where you get your score from

@ 6:00: Why your credit score is never the same…

@7:48: Demystifying Credit Inquiries

@9:04 The 7 Year rule: Explained

@13:58 Do all three credit bureaus subscribe to FICO?

@14:47 Why do the credit bureaus come up with different scores?

@15:20 Do they credit bureaus communicate with Each other?

@19:48 How do you dispute errors on your credit report?

@21:00 What’s the best way to build credit?

Listen to the show!

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