"Because we live in a credit society" Jacob Saki
Why credit report is vital for you to obtain? Before asking for any type of credit or loan, and even a new job, do yourself a favor and check your credit report. A credit reports consist of any personal and public record allocated by credit reporting agency about all of us in the US and Canada. Here are the three major credit-reporting agencies, (Credit Bureaus):
Experian (formerly TRW)
Consumer relation department
P.O. Box 2104
Allen, TX 75013-2104
www.experian.com
Phone: 888-397-3742
Trans Union
Consumer relation department
P.O. Box 505
Woodlyn, PA 19094
www.transunion.com
Phone: 800-916-8800
877-322-8228
Equifax
Consumer relation department
P.O. Box 740241
Atlanta, GA 30374-0241
www.equifax.com
Phone: 800-685-1111
You are entitling for one free credit report every year, (but you have to ask for it). Take the time to mail your request for your first credit report from each credit reporting company. Make sure to enter all your information such as your full name, SS#, date of birth, address, and previous address for the last five years; also add a utility bill to expedite your request.
Your report will arrived in about seven to ten days. Upon receiving your credit report, look on each item for most accuracy reflecting on you’re past credit history.
Make sure the information on this report is belonging to you! The reason for that is: Identity thefts are very common these days. Check all the items again and make sure that you, and only you are liable for these items. If you discover an item not belong to you, reported as soon as possible to these credit agency and ask to remove these particular item from your report.
It is your responsibility to contact the credit reporting agency and ask to investigate each item that not belong to you, and even an item that reflect inaccurate to your credit profile.
The process of correcting (or “fixing”) your report is called: Dispute.
Federal law required all credit reporting agency to work with you upon request dispute you have furnished to them. The next step; by credit reporting agency is to start for investigation on each item you have submitted.
Remember, each time a credit reporting agency responding to you, you must follow up on the new report they sent to you. By that I mean: look back on the new report and compare to the old report. In particular, look for the items you have disputed. If the items are not showing in the new report, it means that the credit agency has removed them from your record.
I would like you to pay attention to this: That is the only way in which legally you can “FIX” your credit report! Do not be attempting to believe those credit clinics that they can fix your report for a hefty price.
I strongly recommend you do all the corresponding with credit reporting agency by mail and not on the Internet. In my book: “Credit Cards Finance” I detailed all the steps easy to follow you need to take and will save you money too.
Keeping your credit report in a good standing will increase your credit scoring points.
It will allow you to get better terms for any loan, or credit line in the future.
To learn more about this article please check our site at: www.CreditCardsFinance.com