Oct

31

Credit Tip! Tell the CRA what information you believe is inaccurate on your credit report. Include copies, never originals of documents that support your position.

Ready to apply for a mortgage loan? Thinking about getting a new credit card? Before you do, you may want to review a copy of your credit report to ensure that all your information is accurate. And, fortunately, there are quite a few ways to obtain a free copy of your credit report. Here’s how:

Make a phone call

There are three major credit reporting bureaus: Equifax, Experian and TransUnion. They are legally required to provide you with a copy of your credit report–for free!–once a year. And obtaining your report can be as simple as making a phone call! Just do an Internet search to find the phone numbers of the three credit reporting bureaus, and call each one individually. In most cases you’ll give your information to an automated voice mail service, and in no time at all your reports will be delivered to your mailbox.

Write a letter

Don’t trust the automated voice mail system? Need your request in writing for paperwork reasons? When you search online for the three credit bureaus’ information, look for a snail mail address. In most cases, you can simply send a letter that includes all your basic information–name, address, social security number, phone number and previous addresses. Ask for a copy of your credit report. Although this process takes a little longer than a phone call–because you have to wait for the postal service–you should still have your credit reports in a relatively short amount of time.

Credit Tip! 5. Beware of credit-repair scams. Sometimes doing it yourself is the best way to repair your credit. The Federal Trade Commission’s “credit repair: How to Help Yourself” explains how you can improve your creditworthiness and lists legitimate resources for low-cost or no-cost help.

Go online!

The quickest and easiest way to get your free credit report is to go online. You can either access your reports directly through the credit reporting bureau, or you can find a website that consolidates these reports into one. Either way, you’ll get your information instantly–no waiting! You can print out your report so that you can review it at your leisure.

Credit Tip! Don’t attempt to create a separate credit identity to get around your flawed credit report.

Try using one of ABC Loan Guide’s Recommended Companies For a Free Credit Report Online.

No matter which method you choose for obtaining your credit report, remember: it should be free once a year. However, you may have to pay a small fee if you want your credit score, too.

View our recommended sources for Credit Help Online. Also, view our recommended companies for Bad Credit Credit Repair.

Popularity: 5%

Oct

30

Credit Repair & Collection Agencies Succ credit repair & Debt Collections Help For Consumers. A Self help strategy to deal with credit issues and collection problems.

If you are researching credit repair you have undoubtedly seen many credit repair form letter.

You are invited to use them for free. But even at that price, is a credit repair form letter worth the cost?

Most of these letters are filled with legal jargon and instructions for the recipient to comply with. Or else.

The people in the credit industry are quite well aware of the existence of the form letters and they have seen them all.

At best, you are telling them that your letter is part of a credit repair effort rather than a legitimate dispute.

If you are considering using a credit repair form letter you should also be aware that thousands of other people have also thought about it.

Tip! Determine what you can cut back on. Credit repair means work and you will likely need to give up on some stuff so that you can improve your situation.

No matter where you find your credit repair form letter at, many before you have used it. If it has been around for a while, you can bet that every bureau has seen hundreds of them.

The bottom line is that it is your credit war. Each situation is uniquely yours and no credit repair for letter will serve your purpose without substantial modification.

Attorney Prepared Credit Report Repair. Legal And Easy Ways To Repair Your Credit Report, Save Money, Avoid Scams, And More.

In reality, it probably takes more time to modify a prewritten letter than it takes to write a new one from scratch.

The Attorneys Guide To Credit Repair.

The best advice, if you are considering using a credit repair form letter is DON’T. Use your own words, and keep them to as few as possible to get your point across.

Darell is a credit repair expert by neccessity and went from terrible and accurate credit to a mortgage in less than a year. Now he is trying to help others do the same. Visit his free website at http://www.rylansreviews.com/credit

Popularity: 6%

Oct

28

Credit Tip! The credit report plays a significant role in the functioning of consumer credit markets. Since loans are advanced based on the credit reports the chances of loans going bad are minimal.

If you’re thinking about getting a loan or credit card, it’s a good idea to check your credit report. In fact, experts recommend that we check our credit report every year. It’s a good way to see if your credit score is accurate and to look for possible identity theft. Fortunately, you can access your credit report online for free. And when you get it, you should check for:

Basic mistakes and errors.

Carefully review your basic information–name, address, previous addresses and social security number. It’s important to make sure all this information is accurate so that creditors can easily access your report when you apply for a loan. It also helps ensure your accounts don’t get mistaken for someone else’s. If you’ve worked hard to keep your credit history squeaky clean, you’ll want to make sure that someone with shoddy credit–and a similar name or address–doesn’t mar your report.

Credit Tip! 1. Get copies of your credit report–then make sure the information is correct. Go to www.annualcreditreport.com. This is the only authorized online source for a free credit report.

Charge-offs and defaults.

These types of notations–charge-offs, defaults or internal collection–mean your account is not currently in good standing. It’s likely you’ve missed too many payments, so your creditor has either passed your account to a collection agency or intends to “write it off” as a non-paying account. Either way, this will lower your credit score. If you see one of these notations on an account, and you’ve been paying regularly, make sure you contact the creditor to have the error fixed.

Extra accounts.

Look carefully to make sure every account listed on your credit report is one you actually own. Check credit cards, revolving loans and regular loans to ensure that you are the borrower or owner of that account. An extra account that you don’t recognize is a red-flag warning sign of identity theft, and it may mean a thief has obtained your information and opened a line of credit in your name. If you see an account that doesn’t belong to you, contact the creditor and the credit reporting agency immediately to close the account.

Credit Tip! 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.

Try using one of ABC Loan Guide’s Recommended Companies For a Free Credit Report Online.

Checking your credit report online for free once a year is a smart way to stay on the lookout for possible damaging errors or identity theft. As you become more familiar with credit reports, you’ll be able to quickly recognize any suspicious or inaccurate information.

View our recommended sources for Credit Help Online. Also, view our recommended companies for Bad Credit Credit Repair.

Popularity: 5%

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