Infornation about credit report and Fair Credit Reporting Act (FCRA) ?
Is your credit keeping you from moving forward?
Your credit report is your lifeline in life and in
business. I have found that many times, credit reports
are not as accurate as they should be. Inaccuracy
of a credit report can keep you from getting credit
cards and loans. There are many ways that you can
improve your credit rating. There are companies
out there that are willing to charge you hundreds of
dollars to do exactly that. The problem is who has
hundreds of dollars to blow when your trying to apply
for credit in the first place. You can do exactly
what those companies offer you all by yourself.
I have created a report that will show you the steps
you need to take to remove bad remarks and incorrect
entries on your report.
It is about time that you knew your rights. Why
let companies take advantage of you.
For those of you who are interested in this topic but averse to following up
spam, here's a quick primer with no sales pitch:
-- Any of the major credit reporting agencies will give you a free credit
report each time you are denied credit, insurance, employment, or a rental
dwelling opportunity due to items found on that report. You will be given
instructions on how to obtain this free report with the notice of denial.
-- In addition, TRW will give you one free credit report a year regardless of
whether you have had any problems stemming from that report. Call
1-800-682-7654 for recorded instructions on how to obtain it.
-- Any credit report given to you as a consumer will have detailed information
on how to interpret and dispute items on the report, and will explain the Fair
Credit Reporting Act (FCRA) and state consumer protection laws which may apply
to you.
-- If you want to "remove bad remarks" from your report, you'll almost always
have to work with creditors to pay off delinquent accounts. If you owe money,
there's no magic cure; bite the bullet.
-- Creditors will often remove bad marks from your report once you pay them
off, even if you're delinquent. Work with them instead of avoiding them.
-- Incorrect entries on credit reports are usually removed from a report
easily and with a single dispute. At worst, they'll fall off if they don't
stand up to the scrutiny of the FCRA or state consumer protection laws.
-- Consumers can usually perform disputes, account negotiations, and credit
report interpretation without help. At most, you may need to buy a copy of
"Pearl Pollto's Guide to Good Credit," which sells for maybe $5.
-- Careful who you give your card numbers out to; when someone wants your card
number up front for a "free trial," be very suspicious.