Mar
12
Online Credit Report
March 12, 2010 | Leave a Comment
Online credit reports are an easy way to learn what potential lenders will see about us, before we apply for a loan or credit. All too often, our early mismanagement of credit, like during our irresponsible youth, winds up hurting us for years. We get negative information on a credit report that could ruin our chances of getting additional credit long after we have begun managing credit more wisely.
So, if you’re considering making a major financial move it’s a good idea to check your credit report to know where you stand. That way you can be aware of problems before they derail your plans. And once you are aware of these problems, you can take steps to rebuild damaged credit and clean up that record.
If you’ve made mistakes in paying previous loans, bouncing checks, making late payments or other problems, you may still be able to reduce the amount of damage they will do to your credit with explanations or some basic repair. The first step is getting copies of your credit reports. Luckily, obtaining an online credit reports is easy. There are many companies on the Internet that will provide you with a copy of your credit report free of charge. Visit to learn more about getting your free copy of your credit report.
You can also get a copy of your credit report by requesting a copy directly from each of the three major national credit bureaus: Equifax, Experian and TransUnion. Checking your credit through the credit bureaus directly can cost you as much as $9 per report, although it differs from state to state. You can request that the report be mailed to you or obtain it online. But with so many options available for a free credit report - why pay for the same information that you can get without having to spend a dime?
But regardless of how you obtain a copy of your credit report, the most important thing is that you get a copy for yourself, review it and make sure that it is the best it can be. Then begin working to resolve any activity that can be repaired. The sooner you get a copy of your credit report, the sooner you can begin improving your credit.
————————-
Note: This article may be freely reproduced as long as the authors bio paragraph at the bottom of this article is included, the article is published “as is” (unedited) and all URL’s are made active hyperlinks with no syntax changes.
————————-
This article was written by Beth Pardue who has over 10 years of experience in the financial industry assisting clients with assorted financial needs. To get your free credit report and to learn more about credit reports please visit: http://www.credit-report-credit-score.com today!
Popularity: 1%
Mar
9
Personal Credit Report
March 9, 2010 | Leave a Comment
Your personal credit report is an electronic record of your credit activities. These activities include borrowing money to buy a car, applying for a loan or credit card and your payment history of the loans you have taken. Every time you apply for credit or a loan, potential lenders use this report to see how you use credit and how much of it you have available.
According to TransUnion, one of the three major credit bureaus, there are four main areas of content in your personal credit report: Identifying information, credit history, public records, and credit inquiries. Your credit report also shows any current credit that you have. This includes amounts owed, amounts available, like on a credit card or other form of revolving credit and payment amounts on installment loans.
When lenders evaluate your loan request they use the information on this report to generate your credit rating. The higher this rating, the more likely you will receive the loan and at more favorable terms. If you are planning on applying for credit anytime soon, it’s a good idea to take a look at your credit report before the people reviewing your application do. This will ensure that you aren’t caught off guard by any unpleasant surprises that may be on your credit report. Many people have found errors on their credit report that were bringing down their credit score.
Luckily, getting a copy of your credit report is easy and if you request it from the right place it can also be free! A quick Internet search will direct you to many reputable companies that will provide you with a copy of your credit report free of charge. We recommend visiting www.credit-report-credit-score.com to learn more about credit and to obtain a free copy of your credit report.
If you find errors or false information on your credit report, they can be disputed and corrected. However, correcting these mistakes can sometimes be a lengthy process. That is why it is the best idea to keep a watchful eye on your credit report activity at all times in addition to checking it before you plan to apply for credit or a loan. That way, if any errors ever do make their way on to your credit report you can save valuable time by correcting them before you are ready to apply for your next loan.
————————-
Note: This article may be freely reproduced as long as the authors bio paragraph at the bottom of this article is included, the article is published “as is” (unedited) and all URL’s are made active hyperlinks with no syntax changes.
This article was written by Beth Pardue who has over 10 years of experience in the financial industry assisting clients with assorted financial needs. To get your free credit report and to learn more about credit reports please visit: http://www.credit-report-credit-score.com
Popularity: 2%
Mar
6
Credit Report Inaccuracies
March 6, 2010 | Leave a Comment
Inaccuracies on credit reports cost consumers thousands of dollars every year. Approximately 80% of Americans have inaccuracies on their credit reports. What causes these inaccuracies? How do they affect your ability to purchase with credit or obtain a job? What can you do about these inaccurate items?
A recent study by the U.S. Public Interest Research Group, for example, found that four out of every five credit reports contained errors, and one in four “contained errors serious enough to result in the denial of credit or denial of an employment application.”
Among the major credit report accuracy findings of the survey:
Twenty-nine percent (29%) of the credit reports contained serious errors - false delinquencies or accounts that did not belong to the consumer - that could result in the denial of credit;
Forty-one percent (41%) of the credit reports contained personal demographic identifying information that was misspelled, long-outdated, belonged to a stranger, or was otherwise incorrect;
Twenty percent (20%) of the credit reports were missing major credit, loan, mortgage, or other consumer accounts that demonstrate the creditworthiness of the consumer;
Twenty-six percent (26%) of the credit reports contained credit accounts that had been closed by the consumer but incorrectly remained listed as open;
Altogether, 70% of the credit reports contained either serious errors or other mistakes of some kind. Among the survey’s major access to credit report findings:
Of the consumers that did obtain their credit reports, at least 14% of them were forced to call back 3 or more times after receiving busy signals or had to write a letter in order to receive their report; and 12% of the consumers waited two weeks or longer to receive their report once they finished requesting it. It took more than a month for one California man to receive his report.
Overall, 15% of consumers who attempted to participate in the survey either made at least 3 phone calls and never got through or requested their reports but never received them.
According to a study by the Consumer Federation of America and the National Credit Reporting Association four percent of the cases showed that consumers had a margin of at least 100 points between the three credit bureau scores. The causes of these errors are many: typographical, merging of consumer information by creditors, similar names or residences of consumers, or incomplete information provided by lenders.
Doug Parker, CEO
RMCN Credit Services, Inc.
888.469.7372
http://RepairMyCreditNow.com
Popularity: 2%
Bad Credit Repair
Most Popular Posts
- How to Get a Bad Credit Bank Loan
- Bad Credit Personal Loans Help You Improve Your Credit Score
- Bad Credit Personal Loan: The Silver Lining in the Dark Clouds
- Kill Bad Credit Phobia, Take Bad Credit Secured Personal Loan
- Student Loan Interest Rates To Rise July 1 2007
- Protecting Your Credit Report During Bankruptcy
- Need Instant Cash? Get Bad Credit Cheap Payday Loan
- Applying for a Secured Loan with Bad Credit
- Finding a Bad Credit Car Loan
- Bad Credit - Pay Now Or Really Pay Later
Related Websites
