Bryan Burbank asked:


Having a high credit score is crucial when you are trying to get a new loan for a car or maybe a house. Most lenders will look at your credit score to determine if you are worthy of approving a loan for. Your credit report will show if you have been late on any payments to any loans you have or and credit cards. Your report will also show were you currently live and where you have lived in the past. It is important to have a high credit score but you also want to make sure that your the information on your credit report is accurate.

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When a lender checks your credit report they usually will get the report form the three main agencies, Equifax, Experian and Transunion. It is important that you get your report from them at least once a year so you can check to make sure everything is accurate. The good thing is that you are entitled to one free credit report every year form each agency so this makes it easy to keep track of.

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If you find that there are some things on your credit report that you do not agree with then you can file a complaint with the credit agencies and they then have to verify the information in question. They will contact the person who reported the information and by law they have 30 days to respond. If they do not respond then the item must be removed from your report.

Remember that when you are monitoring your credit report that you always make sure that it is accurate.



Bobby

Mike Clover asked:


it report is accessible 24/7 on the internet in a few clicks. Equifax just released how the internet is a great resource fore accessing anything about your credit. The internet is amazing in regards to how you can get the information you need to fix just about anything. You can get recipes, commons household items, cars, credit cards, insurance, mortgages, or any common question answered. The internet is so powerful that you could actually stay home and never leave using the internet to buy what you need.

The internet being the best channel for credit reports, credit scores and getting free credit repair help, you can rest assure you will have access to what you need securely in a few clicks. If you want to access your credit report, and did it the old fashion way, you would have to wait for your report to come in the mail. I don’t know about you, but I know the mail is not safe anymore. You definitely don’t want anything with your social in the snail mail if you can avoid it. With the security that has been implement on the internet to get your credit report and credit scores safe and securely.

Most people don’t know how convenient the internet is. The internet has revolutionized the way we all do business and function in society currently. Let’s assume you have credit issues, and you don’t know what to do. Most people will search for credit repair sites. You will find that most credit repair sites charge horrendous fees for something you can do yourself for free. If you were to take the time to do some research, you will find that with a little credit education and implementation of what you learn your credit will improve on its own. The internet is just like your local library, it has all the information you could imagine.

How easy is it to get credit report on-line?

Let’s assume you are getting ready to buy something, or just would like to know what your credit scores are. Getting your credit report is so easy that a caveman could do it. Typically when get your credit report you will need to know your credit scores. Your credit scores will typically cost you around $30.00 to have that piece of mind. But it’s worth having believe me. In a matter of a few seconds with validating who you are, you will receive your full 3-1 credit report. Pulling your consumer credit report does not affect your credit scores by the way.

Credit Repair on the web

Let’s assume you have credit issues, and you would like to start repairing them right away. You can find all kinds of articles about what the first step would be in the credit repair process. With your credit being the single most important part of your financial health, you can rest assure the answer is on the web. In a few keystrokes you can be reading an article that will pertain to your situation. This is the power and resourcefulness of the web today. Got questions about credit? Just Google it.



Wayne

Nick P asked:


A company put on my credit report that I didn’t pay a bill; however, I did pay it. I called the company and they told me they would have it removed off my credit report within thrity days. Well, thirty days goes by and it still wasn’t removed. I called transunion and disputed the information, and gave them the name of the person who told me that they would remove it off my report. About a month later I got an updated credit report, but instead of it being deleted they only updated it as paid. I called the company back up and spoke to the same manager I did before. She told me that she would write them a letter to have it removed. Thrity days later it is still on there. I dispute it again and all I get is a letter saying that it has been verified, and it is not only on transunion, but equifax as well.

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Liz Roberts asked:


You may never see one, or visit one, but the credit reporting agency is always there in the background. These are the companies that assign credit ratings for both corporations and individuals. The credit rating is a way of measuring credit worthiness-or in other terms, the ability to pay back a loan.

You may envision a remote room in an unknown place where individuals in lab coats collect and collate personal data on people. Actually, in the earliest days of credit reporting, this was exactly the case. The ratings were compiled by hand and banks could call and check on anyone they wanted verbally. In modern times, the data is sent in via magnetic tape reporting or secure data transfer and the only times humans really involved is when there is an inaccuracy on your credit report that needs to be investigated.

There are hundreds of extensions of the “Big Three” Experian (formerly TRW), Equifax and TransUnion that are located all across the country. Because the credit bureaus competitors and do not share information with one another, it is a good idea to check the Big Three regularly to ensure there are no errors or omissions on your personal credit report.

Thus, it becomes the responsibility of the individual to check up on the people that are checking up on everyone else. Changes in the statutes for credit reports now make it possible for everyone to get one free report from each of the three major credit bureaus per year.

Looking at your own credit report will give you valuable insight on how your history is being rated. It would also help to understand the laws that govern how these agencies are able to do business. Know your rights! As the old saying goes, “If you don’t know your rights, you don’t have any.” There may be times that require you to challenge something inaccurate on your report. Since your credit report is the way many firms will “know” you, you want every item in it to be absolutely accurate.

You may think that you have a good credit report but a credit report that has something questionable contained within it may be the difference between getting that new credit card or auto loan and being denied. And if you’re in the process of applying for credit without this knowledge, you can be turned down. This is why checking up on your personal credit report and going through the complaint or correction process if necessary is so important.

Since the credit reporting agency is the standard of how the world determines credit worthiness, make sure that any lenders or retailers you want to do business with are reporting to one of the major agencies and that information gives a one-hundred percent correct picture of how you handle your personal finances.



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Tima.ashar asked:


A credit report is a basic financial statement that reports an individual’s financial history in terms of payment of credit bills, loans and mortgages, and other credit related information. It shows whether or not an individual is in debt, how much, and for how long.

Credit reports are used by major financial companies to sanction credit and determine the rates of interest over a period of time. A good credit report can fetch a lower interest rate and save money, whereas a bad credit history may mean paying more interest, or perhaps being denied credit.

Credit reports can be utilized by any financially interested party. It could be your real estate agent, credit card company, your prospective landlord, or even your employer. There are regulations that govern the use of credit reports by such parties, and the individual may need to be informed that his or her credit report has been used for evaluations.

Given the importance of this documents, it makes sense to keep a regular check on what gets reported. The biographical details must be correct, and incorrect or false records must be reported to the agencies concerned.

Also important is the issue of identity theft and fraud. Is someone making use of your identity and credit report to get loans, or gain employment? A regular check on your payment receipts - are they no longer coming to you? - can keep such threats away.

Credit reports are prepared by credit bureaus - especially the three major credit agencies that include Equifax. A lot of information can be obtained on their websites regarding credit reports, fair use, fraud, and error reporting.

Given the universal popularity of credit cards and credit transactions, almost every one of us may have a credit history that is being reported to the credit bureaus. Managing one’s credit is therefore important as it influences our future chances of obtaining credit at lower rates of interest.

For more information on credit reports visit credit reports



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amethyst asked:


I had a fraudulent account on my report and I disputed it with equifax. I got my results back and it was removed from my equifax credit report. How do I remove it from experian and transunion? Do I have to file a another dispute or can I just send a copy of the results of the equifax investigation along with a letter requesting they remove the account.

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John Mcfadden asked:


A Credit Report is essential for ever adult. It allows you information one your own financial position to allow lenders to give you credit. If you are about to apply for a loan then it’s strongly recommended that you access your report up to six months before taking out the loan. This is advised because you will have time to correct any wrong information and pursue ways to lift your credit score on your credit report.

Getting a loan is essential in this day and age so if you want to head on the path of financial freedom (don’t we all) then it’s important you know what a Report is all about and how you can best make use of the information, this seems fairly logical so you’ll be surprised to find out that over 75% of Americans don’t know their Credit Score! and 20% have never even seen their Credit Score! So if you are reading this article then you are probably ahead of most people and therefore will get to the financial freedom path faster then most.

There are three main Report Bureaus that you can access your credit report from. It’s important that you don’t ask for your credit score as if you want get a free copy of your report.

The three Report Bureaus are: Experian (formally TRW), then Equifax, and TransUnion.

It’s very important to understand what your credit report is exactly made up of. Here is a list of the following ingredients:

Payment History 35%

Amount Owed 30%

Length of Credit History 15%

New Credit 10%

Types of Credit Used 10%

It’s important you know the ways to improve your credit score, so follow the following tip to get your score as good as it can be so creditors will only be too happy to loan your the money for your new house, with them being very confident you can make the repayments back. It most likely will provide you with a better interest rate and your terms and loan conditions will also be improved.

Credit Score Improvement Tips.

Refrain from getting loan consolidations.

This will effectively kill off you past history on all the loans you’ve had, seeing that your credit report and score’s biggest factor and most important figure is your past payment history, then you need to maintain loans and finish them off with the financial institution you took them out with.

Keep Old Accounts

This is similar to the above point but with a difference. It’s important I point out to you that having several accounts or lets say credit card accounts for example. The total available credit when compared to what you ow on the cards is a ration that the credit report will factor in to work out your Credit Score. The less that ration is - of if it surpassed a factor of 1 then you are bankrupt. So if you move over our debts on credit cards to one which has a lower interest rate it may be good for you in the short term but not in the long - as your available credit to debt become higher and there for a negative.

Resist the temptation for getting in store credit cards

Having many in store cards will show that your not the best saver and that your credit worthiness is not excellent. It could be a hit of as much as 20 points on your credit report rating. It also lowers your age of credit for each card.

I hope this information on getting your credit report has helped and you see the importance of your credit report and credit score.



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Megan C asked:


I pulled my credit report from all three bureaus today. On Equifax there is an account listed for a collection agency and all the information it lists is that is in an open account, the high balance, past due amount and that the account is 120 days past due. Then I noticed on all three reports there is an account that was for a credit card I opened in May of 1997. I vaguely remember this but the account is listed as closed and I believe I defaulted on (youthful mistake!). My question is this - how can I find out if the two accounts are related? And how can I determine how long they have been on my report?

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nadinegalvan81 asked:


Will this charge off never fall off my credit report? Im trying to repair my credit to buy a house. I have a 498 w/TransUnion, 527 w/ Equifax and a 600 w/ Experian.

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