Errors on Your Credit Report: What You Should Do
There are times when you may be turned down for credit and you do not understand why. According to the Fair Credit Reporting Act you are entitled to a free copy of your credit report if you have been denied credit because of negative items on your credit report within 60 days of the request for credit, if you are unemployed but looking for work, are on welfare, or believe that your credit report is incorrect because of fraud. You may also receive a copy of your credit report for a small fee at any time in which you want to review the information contain therein. If you dispute any of the information on your credit report, there are steps that you, the credit reporting agency and the information provider must take to have the information corrected or deleted form your report. 1. You should contact the credit reporting agency and request that the inaccurate information be taken off. To do this you will need to send a letter of request and enclose a copy of the report with the incorrect information highlighted. Send your request certified mail and indicate that a return receipt is requested. 2. The Credit reporting agency will forward the request to the information provider at which time they will review and investigate the request. If the information cannot be verified, then they must remove it. They can either correct or deny the request to change the information. They will then send their findings to the credit reporting agency. 3. If the information provider finds that their was an error they will provide written proof of the change and send a copy of the report to you, the credit reporting agency and anyone who has requested a copy of your credit report in the last six months. 4. If the information provider finds that there was no error, you can request that the credit reporting agency send a copy of the disputes with any report that is requested by creditors. You can also provide an explanation of a negative report in 100 words or less that will be included in any reports to creditors. Another alternative is to pay the debt, which would require the creditor to report the debt paid. You should also be aware that negative reports will remain on your credit for up to seven years at which time they will be deleted in most cases. There are some exceptions, these include, bankruptcy, which can be reported for up to 10 years, and loans or life insurance policies which are in excess of $150,000.00, or criminal convictions, which can be reported at all times. Timothy Gorman is a successful Webmaster and publisher of Debt-Relief-Solutions.com. He provides more debt relief, consolidation and free credit repair information that you can research in your pajamas on his website.
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Important Points on Credit Report Freeze
Copyright (c) 2010 Suzy Vanstrusen
How To Get Your Credit Report Free
Because of a new federal law passed in 2005, you can now get your credit report free from all 3 of the major credit bureaus (Equifax, Experian and TransUnion)
Thanks to this legislation, credit reporting agencies are required to provide you with a free copy of your credit report on an annual basis upon your request using the established method
Obtaining Great Credit. Yes, Even Now!
Obtaining credit can be incredibly easy or extremely difficult Once you have established credit, it can open doors of opportunity you never even considered being a possibility
NextAdvisor.com Launches "Equifax Credit Report Guide"
NextAdvisor.com, a leading consumer information resource, today launched a free online how-to guide designed to help consumers read, analyze and dispute information on their Equifax credit report. The guide, the second in a series that the company will publish focusing on explaining credit reports, walks through each section of an Equifax credit report and explains its purpose in clear, straight-forward language.
Free Trial Credit Monitoring: An Imperative for the People
It is good if the people take the task of free trial credit monitoring of their credit report as a must. Credit report of a person is the reflection of his credit status. Credit score of a person can be learned from his credit report. A person, who has a credit score of 580 marks or less, is not entertained by the lending/insurance agencies or by the landlords. It is possible to know the credit score beforehand and take measures to improve it as per necessity.
Getting a Mortgage For Dallas Real Estate
Are you ready to buy some Dallas real estate Buying Dallas real estate can be very fun and exciting but in order to make the process of buying Dallas real estate easier there are some things that you should do before you start looking at Dallas real estate to make it easier for you to get a mortgage to buy a piece of Dallas real estate once you find a piece of Dallas real estate that you love
NationalCreditReport.com Offers Advice on Preserving Your Credit Score
NationalCreditReport.com provides suggestions for
getting a good credit score and keeping it
Where to Get Your Free Annual Credit Report
All consumers are entitled to a free credit report every 12 months Some states, including Colorado, Georgia, Maine, Maryland, Massachusetts, New Jersey, and Vermont have state laws that make residents eligible for a free credit report under state law
Fraud and Freezing Your Credit
Copyright (c) 2010 Liz Roberts
Reasons For Checking Your Credit Report
Your credit report and score tells lenders whether or not you are a good risk for a loan. Your credit history, payments, and account information are on this report. Your FICO score is also an important factor for lenders. The information contained in your credit report is used to generate your FICO score which acts as your credit "report card". A FICO score is not the same as your regular credit scores. It uses different set of rules & algorithms for coming up with your credit score. And many lenders utilize the FICO score to determine your creditworthiness. Therefore it may be prudent to see what's on your FICO score as well before applying for a loan.
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