Aug
30
Filed Under Finance | Leave a Comment
David Siegel asked:
s world, having a bad credit report may be detrimental. Even though in most cases consumers have brought this upon themselves, in some cases the bad credit report may be caused by a glitch in the credit bureau system. As up to 25% of credit reports have a substantial error that can affect the consumer in getting credit, housing or a job. Although, some may feel helpless against the unperfected credit bureau system, that is far from the truth.
Every person should order a credit report at least once a year, it is free on annualcreditreport.com. This report should be carefully examined for mistakes and biased information. Once a mistake is found the credit bureau should be contacted through certified mail, explaining the mistake. The creditor that reported the information to the bureau should also be contacted by mail, stating the mistake that was found. The Fair Credit Report Act mandates credit bureau to delete all incorrect information that may be on the report. Therefore once the credit bureau receives your letter disputing the mistake within the report, it will investigate the glitch by contacting the creditor and trying to verify the credit report. If the creditor does not respond in time or if he does not verify the information on the original report then the bureau will delete the erroneous information from the report.
Furthermore, if your credit report displays information that you feel is biased towards you, you can add an explanatory note explaining the situation. For example, if you moved to another address while your bills kept coming to your old address, causing impairment to your credit score, you can add a note to your credit report explaining that situation. Just write a note to the bureau explaining that you would like such a note included on the report. Sometimes an easier route to fixing your credit report is by contacting the creditor that reported the problem to your credit bureau and asking them to clear up the glitch, by contacting the bureau.
No matter which approach you take to fixing your credit report you need to make sure that the mistake has been fixed by getting a subsequent credit report. Remember if the credit report gets a letter notifying them of a glitch, they have to investigate it, and if they can’t verify the original report then they have to delete the information. By taking control of your credit report, you can begin to change your financial picture.
GERARD
s world, having a bad credit report may be detrimental. Even though in most cases consumers have brought this upon themselves, in some cases the bad credit report may be caused by a glitch in the credit bureau system. As up to 25% of credit reports have a substantial error that can affect the consumer in getting credit, housing or a job. Although, some may feel helpless against the unperfected credit bureau system, that is far from the truth.
Every person should order a credit report at least once a year, it is free on annualcreditreport.com. This report should be carefully examined for mistakes and biased information. Once a mistake is found the credit bureau should be contacted through certified mail, explaining the mistake. The creditor that reported the information to the bureau should also be contacted by mail, stating the mistake that was found. The Fair Credit Report Act mandates credit bureau to delete all incorrect information that may be on the report. Therefore once the credit bureau receives your letter disputing the mistake within the report, it will investigate the glitch by contacting the creditor and trying to verify the credit report. If the creditor does not respond in time or if he does not verify the information on the original report then the bureau will delete the erroneous information from the report.
Furthermore, if your credit report displays information that you feel is biased towards you, you can add an explanatory note explaining the situation. For example, if you moved to another address while your bills kept coming to your old address, causing impairment to your credit score, you can add a note to your credit report explaining that situation. Just write a note to the bureau explaining that you would like such a note included on the report. Sometimes an easier route to fixing your credit report is by contacting the creditor that reported the problem to your credit bureau and asking them to clear up the glitch, by contacting the bureau.
No matter which approach you take to fixing your credit report you need to make sure that the mistake has been fixed by getting a subsequent credit report. Remember if the credit report gets a letter notifying them of a glitch, they have to investigate it, and if they can’t verify the original report then they have to delete the information. By taking control of your credit report, you can begin to change your financial picture.
GERARD
Aug
30
Sam D asked:
I am willing to pay for these reports as long as the information included is very detailed.
JEAN
I am willing to pay for these reports as long as the information included is very detailed.
JEAN
Aug
30
Are there any websites that really offer FREE credit reports?
Filed Under Other - Social Science | 3 Comments
asked:
Are there any websites that really offer FREE credit reports?
IVAN
Are there any websites that really offer FREE credit reports?
IVAN
Aug
30
Filed Under Credit | Leave a Comment
Helen Hecker asked:
Today having good credit reflected in your credit report is important in every financial situation you find yourself in as you probably know and knowing a few tips about credit repair can solve a lot of your credit problems. In our world credit determines just how much interest you’ll end up paying on your house, car, truck, etc.
Your credit scores, called FICO, are used by your landlords, your employers and the insurance companies to determine whether you can get an apartment and/or job and even what your insurance rates will be. Yes your insurance agent will make use of your credit information. Your credit report and score will indicate whether you have good credit or bad credit and whether you have to pay a deposit for a cell phone.
Assuming you already have a copy of your credit report, here are a few of the best credit repair tips if you’re having credit problems. If you don’t have a copy you can easily get a free credit report online. You won’t be able to get the score along with the free report though. There are other ways to get your FICO score that you would have to pay for but there are ways to get your score for free.
1. Get a copy of the ‘Fair Credit Reporting Act’ from the federal government. It may sound boring but you don’t have to read the entire legal portion, just understand the basics of the Act. You’ll be well-armed if you plan to fix your credit report. But it’s very important that you get it and read it. It won’t take long.
2. Did you know that any information on your credit report can be disputed? That includes any personal information - public records, any accounts you have of course, even any inquiries. You can dispute anything.
3. Consider credit repair to be a gradual process. Look over the information, your credit card accounts and other accounts. Let’s say you have 15 accounts that you’d like to dispute. Pick just 3 or 4 or so to dispute. Otherwise if you dispute them all at one time the credit bureau or credit reporting agency will not consider your requests seriously.
4. You want to keep your letters of dispute on the simple side. You don’t need to go into the laws, procedures any court rulings or even threaten them with lawsuits if they don’t fix your credit report. Just make it simple.
Just dispute the accounts you have decided to start with - those that need to be removed, updated or changed. Now if your letter is too confusing, there is a good chance it will get tossed. You don’t need to go into any personal tales. Just keep it simple and short.
5. Lastly the ‘procedural request’ - asking for the method of verification. If you get some accounts deleted that’s good. But for those that came back “verified” you can ask for a ‘procedural request.’ The credit reporting agencies and credit bureaus are obligated by law to provide you with the exact method your creditors used to verify the information that they are reporting to the agency on your credit report. Requesting this information, forces the credit bureau to provide you with the information they received from your creditor as valid proof.
The creditor needs to have proof of why if they replied to your dispute stating that your account should remain on your credit report. The creditor rarely ever provides the credit reporting agency or credit bureau with this information. So, by doing this you’re putting pressure on them to prove it. Otherwise they will have to remove it.
Make sure to keep records of everything the bureaus and your creditors send to you in case you find some day that you have to sue them for violating your federal rights. If you follow these credit repair tips you should be well on your way to fixing your credit for good!
BARTON
Today having good credit reflected in your credit report is important in every financial situation you find yourself in as you probably know and knowing a few tips about credit repair can solve a lot of your credit problems. In our world credit determines just how much interest you’ll end up paying on your house, car, truck, etc.
Your credit scores, called FICO, are used by your landlords, your employers and the insurance companies to determine whether you can get an apartment and/or job and even what your insurance rates will be. Yes your insurance agent will make use of your credit information. Your credit report and score will indicate whether you have good credit or bad credit and whether you have to pay a deposit for a cell phone.
Assuming you already have a copy of your credit report, here are a few of the best credit repair tips if you’re having credit problems. If you don’t have a copy you can easily get a free credit report online. You won’t be able to get the score along with the free report though. There are other ways to get your FICO score that you would have to pay for but there are ways to get your score for free.
1. Get a copy of the ‘Fair Credit Reporting Act’ from the federal government. It may sound boring but you don’t have to read the entire legal portion, just understand the basics of the Act. You’ll be well-armed if you plan to fix your credit report. But it’s very important that you get it and read it. It won’t take long.
2. Did you know that any information on your credit report can be disputed? That includes any personal information - public records, any accounts you have of course, even any inquiries. You can dispute anything.
3. Consider credit repair to be a gradual process. Look over the information, your credit card accounts and other accounts. Let’s say you have 15 accounts that you’d like to dispute. Pick just 3 or 4 or so to dispute. Otherwise if you dispute them all at one time the credit bureau or credit reporting agency will not consider your requests seriously.
4. You want to keep your letters of dispute on the simple side. You don’t need to go into the laws, procedures any court rulings or even threaten them with lawsuits if they don’t fix your credit report. Just make it simple.
Just dispute the accounts you have decided to start with - those that need to be removed, updated or changed. Now if your letter is too confusing, there is a good chance it will get tossed. You don’t need to go into any personal tales. Just keep it simple and short.
5. Lastly the ‘procedural request’ - asking for the method of verification. If you get some accounts deleted that’s good. But for those that came back “verified” you can ask for a ‘procedural request.’ The credit reporting agencies and credit bureaus are obligated by law to provide you with the exact method your creditors used to verify the information that they are reporting to the agency on your credit report. Requesting this information, forces the credit bureau to provide you with the information they received from your creditor as valid proof.
The creditor needs to have proof of why if they replied to your dispute stating that your account should remain on your credit report. The creditor rarely ever provides the credit reporting agency or credit bureau with this information. So, by doing this you’re putting pressure on them to prove it. Otherwise they will have to remove it.
Make sure to keep records of everything the bureaus and your creditors send to you in case you find some day that you have to sue them for violating your federal rights. If you follow these credit repair tips you should be well on your way to fixing your credit for good!
BARTON
Aug
29
chery asked:
How can I get a truly free credit report online?
JONAS
How can I get a truly free credit report online?
JONAS
Aug
29
Filed Under Credit | Leave a Comment
Abhishek Agarwal asked:
When a company is deciding whether or not to give you a loan, a mortgage or a credit card it checks your credit report. Your credit report contains information about every credit transaction you have made. If you failed to make a payment or defaulted on a loan then it will be on your credit report.
Until the US government brought in legislation to make this information freely available to you only finance companies, banks and mortgage lenders could see it. Now you are entitled to see it too.
The FACT Act made it possible to see your credit record for free every year for the first time. You need no longer be in the dark about what the finance companies know about you.
This is information about you and it is your right to see it. You should make use of that right because it affects your ability to get loans, credit cards and mortgages. If you are refused credit is probably because of something in your credit report.
There may be mistakes in your credit report that are stopping you from getting a loan. Someone may have fraudulently used your identity to take out a credit card or loan which they have not paid. You will then be left with a bad credit report that is not your fault.
There are three companies that compile credit reports. You can only get to see one of those reports for free. But if there are mistakes in that one then it will be worth your while to pay for the other two.
Not all the credit reporting companies have exactly the same information. They compile their data in slightly different ways.
Once you have seen the report and checked it against your own records you can correct inaccuracies any inaccuracies it may contain. There is a facility on the websites of the credit reporting companies for you to inform them of mistakes in your report. You will have to produce written evidence such as bank statements or credit card statements. But the process is quite simple.
By correcting inaccuracies in your credit report you are protecting your credit score. Even one mistake can make the difference between getting a loan and being refused credit.
All Americans can now get a free credit report every year. It is a responsible financial practice to take advantage of this opportunity. By doing so you are taking control of your own finances.
You can guard against identity theft, you can correct errors, and you can see if your credit score is falling because you have a pattern of late payments. It is in your interests to maintain a good credit score. If you check your credit record every year you can address problems as they arise.
XAVIER
When a company is deciding whether or not to give you a loan, a mortgage or a credit card it checks your credit report. Your credit report contains information about every credit transaction you have made. If you failed to make a payment or defaulted on a loan then it will be on your credit report.
Until the US government brought in legislation to make this information freely available to you only finance companies, banks and mortgage lenders could see it. Now you are entitled to see it too.
The FACT Act made it possible to see your credit record for free every year for the first time. You need no longer be in the dark about what the finance companies know about you.
This is information about you and it is your right to see it. You should make use of that right because it affects your ability to get loans, credit cards and mortgages. If you are refused credit is probably because of something in your credit report.
There may be mistakes in your credit report that are stopping you from getting a loan. Someone may have fraudulently used your identity to take out a credit card or loan which they have not paid. You will then be left with a bad credit report that is not your fault.
There are three companies that compile credit reports. You can only get to see one of those reports for free. But if there are mistakes in that one then it will be worth your while to pay for the other two.
Not all the credit reporting companies have exactly the same information. They compile their data in slightly different ways.
Once you have seen the report and checked it against your own records you can correct inaccuracies any inaccuracies it may contain. There is a facility on the websites of the credit reporting companies for you to inform them of mistakes in your report. You will have to produce written evidence such as bank statements or credit card statements. But the process is quite simple.
By correcting inaccuracies in your credit report you are protecting your credit score. Even one mistake can make the difference between getting a loan and being refused credit.
All Americans can now get a free credit report every year. It is a responsible financial practice to take advantage of this opportunity. By doing so you are taking control of your own finances.
You can guard against identity theft, you can correct errors, and you can see if your credit score is falling because you have a pattern of late payments. It is in your interests to maintain a good credit score. If you check your credit record every year you can address problems as they arise.
XAVIER
Aug
24
Mitsy asked:
I need the 1800# to get my credit report.
CARMINE
I need the 1800# to get my credit report.
CARMINE
Aug
21
were can i get all three of my credit reports plus scores for cheap?
Filed Under Credit | 5 Comments
I Wanna asked:
most websites they charge me close to 100 bucks to get all three of my reports & scores and that’s a lot.were can i get all three of my credit reports plus scores for cheap?
CALVIN
most websites they charge me close to 100 bucks to get all three of my reports & scores and that’s a lot.were can i get all three of my credit reports plus scores for cheap?
CALVIN
Aug
13
Filed Under Credit | Leave a Comment
Helen Hecker asked:
Assuming you already have a copy of your annual credit report you may have already found some errors that should be removed. Errors should always be a big concern because they can and probably have affected your credit score, also called a FICO. You can repair your credit with a little bit of help.
It may seem like a lot of work but it’s really easy. The hardest part is actually sitting down to do it. You’ll need to check all three credit bureaus to make sure the same error isn’t on all three but if you just have one credit report, start with that one.
First make a list of any and all errors that you find on your personal credit report. These could be in the form of personal information such as birth date or more likely there will be information that you know not to be true such as late payments or no payments recorded etc. If you think there is any possibility that you could be wrong check your past history with the creditor in question first.
You want to make sure you are right before you make the request to have any information removed from your credit report.
You will be sending the letter only to the credit bureau mentioned on the report, which would be Esperian, Equifax or TransUnion. You don’t want to sound angry in the letter, just be matter-of-fact, straightforward and business-like. Just outline the facts - name of creditor, dates, and the error(s) or problem(s) you’re finding on the credit report.
Here is a sample letter:
Date:
To whom it may concern at Esperian (or other credit bureau):
I recently acquired a copy of my credit report and found some errors that I’d like to dispute. I am enclosing documentation to prove the information is incorrect and would like a correction. I value my good standing and good credit history and want to maintain a good credit rating and credit score.
Name the creditor along with the reference date including the month, day and year if possible.
The error(s) I have found are:
I’m including copies of my payment record, with a (cancelled check or online payment print-outs or any other documentation that you have).
I would appreciate any attention to the matter as I would like my credit report to be accurate. I’m sure you understand that credit bureaus need to include only information that is accurate in my file.
Thank you for taking a look at my letter and file and hopefully making the necessary corrections so I can continue to maintain my good credit standing. Please let me know that my file has been reviewed and what action has been taken. I would also like a copy of my corrected credit report sent to the enclosed address. Thank you.
Sincerely,
Besides your full name as shown on the report, include you mailing address, a copy of the report that you have, your social security number, driver’s license photocopy and any other documentation such as a cancelled check or online payment confirmations.
Make a copy of the letter for yourself and a copy of any enclosures with the letter. Send the dispute letter by certified mail with a ‘return receipt’ requested. Then make sure to get the free credit reports from the other two main credit bureaus or reporting agencies to make sure they don’t have the same incorrect information. You can get free instant credit reports from the other two online.
HENRY
Assuming you already have a copy of your annual credit report you may have already found some errors that should be removed. Errors should always be a big concern because they can and probably have affected your credit score, also called a FICO. You can repair your credit with a little bit of help.
It may seem like a lot of work but it’s really easy. The hardest part is actually sitting down to do it. You’ll need to check all three credit bureaus to make sure the same error isn’t on all three but if you just have one credit report, start with that one.
First make a list of any and all errors that you find on your personal credit report. These could be in the form of personal information such as birth date or more likely there will be information that you know not to be true such as late payments or no payments recorded etc. If you think there is any possibility that you could be wrong check your past history with the creditor in question first.
You want to make sure you are right before you make the request to have any information removed from your credit report.
You will be sending the letter only to the credit bureau mentioned on the report, which would be Esperian, Equifax or TransUnion. You don’t want to sound angry in the letter, just be matter-of-fact, straightforward and business-like. Just outline the facts - name of creditor, dates, and the error(s) or problem(s) you’re finding on the credit report.
Here is a sample letter:
Date:
To whom it may concern at Esperian (or other credit bureau):
I recently acquired a copy of my credit report and found some errors that I’d like to dispute. I am enclosing documentation to prove the information is incorrect and would like a correction. I value my good standing and good credit history and want to maintain a good credit rating and credit score.
Name the creditor along with the reference date including the month, day and year if possible.
The error(s) I have found are:
I’m including copies of my payment record, with a (cancelled check or online payment print-outs or any other documentation that you have).
I would appreciate any attention to the matter as I would like my credit report to be accurate. I’m sure you understand that credit bureaus need to include only information that is accurate in my file.
Thank you for taking a look at my letter and file and hopefully making the necessary corrections so I can continue to maintain my good credit standing. Please let me know that my file has been reviewed and what action has been taken. I would also like a copy of my corrected credit report sent to the enclosed address. Thank you.
Sincerely,
Besides your full name as shown on the report, include you mailing address, a copy of the report that you have, your social security number, driver’s license photocopy and any other documentation such as a cancelled check or online payment confirmations.
Make a copy of the letter for yourself and a copy of any enclosures with the letter. Send the dispute letter by certified mail with a ‘return receipt’ requested. Then make sure to get the free credit reports from the other two main credit bureaus or reporting agencies to make sure they don’t have the same incorrect information. You can get free instant credit reports from the other two online.
HENRY
Aug
11
Filed Under Credit | Leave a Comment
Sophie Wilson asked:
Credit report is an important document that reflects your credit worthiness. You might not know about it before encountering any discomfiture of application loan rejection. But those who are well aware might not ruin it intentionally. So if you were not aware till the time about credit report then its time to get free annual credit report and review it.
A credit report plays an important role. Lenders generally check your credit report before issuing you loan and approve your application only if you are found credit worthy. For you also it’s important to know your credit worthiness so that if it is unfavorable then you could improve it easily. Improvement in your report will lead to more credit worthiness and you will be able to qualify for loans.
There are three main agencies offering free annual credit report namely, TransUnion, Equifax and Eperian. All these are reliable agencies that prepare credit reports. According to federal law these bureaus are required to give you one copy of your credit report very year on your impulse. These credit reports are provided totally free of cost.
If your loan application is rejected by any lender then you are also entitled by law to obtain a free copy of your credit report. Lender that you applied with is obligated to give your name of agency from which he acquired your credit information. Also he will have to furnish you with a valid reason for loan rejection. To protect your credit report from being used in fraudulent acts, you can ask for a social security number. The number is different for all credit reports and is placed on your credit card copy.
This credit report can also be entailed online. There are various agencies offering but always check beforehand the reliability of the agency that you are applying with. You can access your credit scores very easily and in a hassle free way.
ISRAEL
Credit report is an important document that reflects your credit worthiness. You might not know about it before encountering any discomfiture of application loan rejection. But those who are well aware might not ruin it intentionally. So if you were not aware till the time about credit report then its time to get free annual credit report and review it.
A credit report plays an important role. Lenders generally check your credit report before issuing you loan and approve your application only if you are found credit worthy. For you also it’s important to know your credit worthiness so that if it is unfavorable then you could improve it easily. Improvement in your report will lead to more credit worthiness and you will be able to qualify for loans.
There are three main agencies offering free annual credit report namely, TransUnion, Equifax and Eperian. All these are reliable agencies that prepare credit reports. According to federal law these bureaus are required to give you one copy of your credit report very year on your impulse. These credit reports are provided totally free of cost.
If your loan application is rejected by any lender then you are also entitled by law to obtain a free copy of your credit report. Lender that you applied with is obligated to give your name of agency from which he acquired your credit information. Also he will have to furnish you with a valid reason for loan rejection. To protect your credit report from being used in fraudulent acts, you can ask for a social security number. The number is different for all credit reports and is placed on your credit card copy.
This credit report can also be entailed online. There are various agencies offering but always check beforehand the reliability of the agency that you are applying with. You can access your credit scores very easily and in a hassle free way.
ISRAEL