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Can You Really Get Your Credit Report Free?

admin — Sun, 27 Jun 2010 04:22:28 +0000

Did you know that you can now get your credit report free from all three consumer credit bureaus? The three major U.S. consumer reporting agencies are now required to provide consumers a free copy of their credit report once a year. Prior to the enactment of this law, Equifax, TransUnion and Experian charged as much as $9.95 for just one report.

Consumers who wish to take advantage of the Fair Credit Reporting Act of 2008 have the right to order their free reports using the system that was established. Be aware that reports will only be sent to those who request them using the proper mechanisms. If you fail to follow the established procedures you may not receive your report or you may be charged a considerable fee. Reports will not be automatically mailed to consumers, instead they must be requested by the individual.

If you only need to get your credit report free once a year, you should take advantage of your rights under the new law to order a free report from each agency once per year. The new centralized system offers consumers the opportunity to order reports online, via mail, or by phone. Ordering online is fast and easy. Try this first, you even be able to get yours instantly online. If you do not have access to the Internet you can request yours using their toll-free number or by mailing your request to:

Annual Report Request Service
P.O. Box 105281
Atlanta, GA 30348-5281

For details on how to get your credit report free visit AnnualCreditReport.com. Be sure to have available information that will help confirm your identity. This will make the process easier and will avoid any delays in receiving your report free.

By: Danny A. Thompson

What website provides the best credit report for free?

admin — Sun, 13 Jun 2010 10:10:24 +0000

I want to find out what my credit report looks like and my credit score. Can someone offer advice to which websites I should go to that provides the best credit report and score for free?

How does bad credit come off your credit report once you have passed the 7 year deadline?

admin — Fri, 11 Jun 2010 04:29:42 +0000

Some delinquent reports on my credit report are due to fall off this year. Will they come off my report automatically or is there something that I should do once the fall off date has passed?

Credit Report?

admin — Mon, 07 Jun 2010 03:47:50 +0000

I’ve been actively working on my credit report to clear all negative enteries.

But it’s confusing, it seems as though a few collection agencies has being selling my debt to other collection companys right before the statute of limitations is about to expire and then the new company files and it’s been reappearing on my credit. I’m not sure how to deal with this situation.

Do you know what my next move should be? What types of letters should I write to the credit bureaus as well to the collection agencies.

Credit Report?

admin — Sun, 06 Jun 2010 22:15:44 +0000

I have alot of negative items on my credit report.. what’s the best way of getting these removed quickly? If i write a letter to the creditors explaining why i didn’t make a payment.. will they remove it? im 21 yrs old and need to repair my credit.

Credit Report Repair Tip – Understanding Credit Length

admin — Fri, 04 Jun 2010 01:52:22 +0000

Welcome to today’s tip. Length of your credit file. More specifically, length of time accounts have been on your file. The concept is fairly simple. The longer an account has been on your file, the longer you’ve been managing your credit (hopefully wisely). That’s why you throw off red flags if you’re say 35yrs old with no credit. Eighteen, maybe a potential creditor can understand because they’re just starting out in life. But otherwise, you’re 35 and no credit, what have you been doing all this time.

OK, lets say for some strange reason you no or very little credit history, here’s a possible solution. Piggy Backing. This method helps to add accounts with years of payment histories to your credit file, thereby helping your credit score. Of course this assumes that the history you’ll be obtaining is a good history. Wouldn’t do much good in adding a history with multiple 30 days late payments. If you must use the account, be sure the delinquent marks are at least 18-24 months old. Anything less will hurt your score more.

This is how the technique works. Find someone , an Aunt, brother, etc., to add you to their account as an authorized user or secondary card holder. In order for this to work, the application must request your SSN#. If it doesn’t, then the history of that account may not transfer to your credit file. This is one of the strategies undercover law enforcement agencies use to make their agents’ records appear longer (in time) than they actually are.

One other thing to watch out for when doing this tactic. Make sure you’re not listed on the account as a ‘joint user’ or anything similar. The difference is major. An authorized user is allowed to use the card and gets the account history added to their file. A joint user has the same usage privileges, but is also responsible the debt. A creditor can attempt to collect from you if they are unable to collect from the original card holder. So be very careful.

Note this strategy may not be as effective for long, seems the fall out from the subprime real estate financing may cause this tactic to become less effective

By: Christopher Wright

Credit Report Lock-Up – Does it Work?

admin — Sun, 30 May 2010 01:50:42 +0000

The growing problem of identity theft has spawned a new industry aimed at keeping your credit information safe by “locking” your credit file. These companies typically charge a monthly fee for their services. One such company advertises that they will pay you 1 million dollars if your identity is stolen while you are an active user of their services. When you get behind all the advertising hype, the vital question is whether or not the monthly expenditure is worth it.

Making a request of the credit bureaus to lock your report does not mean your files will remain locked indefinitely. In theory a credit report lock or security freeze lasts indefinitely. In actuality, the lengths of security freezes vary from one state to another. In addition, credit bureaus require the consumer to “renew” the locks after a given period of time. Since there is no limit to number of renewals, one’s reports can be under a security arrangement for life… but only if the requests are renewed.

One myth surrounding this arrangement is that locking your credit report means the content is “frozen” at the moment in time when the security lock is put in place. This is totally untrue. The lock means access to your information by new sources is severely restricted, but new information still continues to be added. So if you increase your use of current accounts or make payments late, this information will still affect your credit scores.

Even during lock-up, your credit information is still available to those companies with whom you already have open accounts. Likewise the data remains available to employees of the credit bureaus, governmental officials, insurance companies and potential employers who have your permission. So, are there benefits in paying the fees required to place a security freeze on your credit report?

Locking your credit report prevents new accounts from being opened in your name without your knowledge and consent. In order to establish new credit, you must temporarily unlock your credit file through a specific procedure. In that way, the lock provides protection. With constant growth of credit identity theft, lock-up may be something you need. If you are likely to establish a number of new credit accounts in rapid succession, however, the cost and inconvenience of a security freeze may work to your disadvantage.

One cautionary note is in order. Putting a credit report lock-up in place is often oversold by companies profiting from implementing this service on your behalf. While locking your credit does have value, it answers a very small portion of the identity theft dilemma. There are other aspects of identity theft in addition to direct credit-related crime. One of the other dimensions of the problem is theft of benefits, an area called Medical Identity Theft. The impact of this kind of theft can be life-threatening as well as financially devastating.

By: Eddie Durham

Credit Report Dispute – Tips, Secrets and FAQ’s

admin — Thu, 27 May 2010 22:10:39 +0000

Credit report dispute a personal experience. My name is Justin and I had to dispute my Credit report, let me give you some free tips and advice.

I found errors and outdated information on my credit report, If I did not fix this fast it could have severely damaged my credit score. If you are in the same position, don’t delay as you could hit with permanent credit score damage. Did you know that 79% of all credit reports contain errors! Yes, your not alone. A whopping 79% of all credit reports contain some type of report error. Did yo also know that up to 25% contain errors, this will most likely result in credit denials. Also, it could mean hiked interest rates and a direct loss employment opportunities!

Act Fast – But Smart So many of the great things in your life are related your personal credit score. From the street that you live on and even to the car that you drive. Actually, everything in your life is affected by your credit score.

Don’t Delay You need to write to the Credit Bureau and solve any errors as soon as possible. Let’s look at what you need to do.

What are the actions I need to take? You might already have a copy of your credit report as you know you have an error or mistake on your report and want to dispute it, Even if you do have a copy you need all three copies form the 3 credit report bureaus.

Best to get a 3 in 1 report as this will save time and money. Here are the prices:

Equifax, Get 3-in-1 Credit Report with Score Power $39.95Experian – 3 Bureau Credit Report and PLUS Score for $34.95TransUnion – A 3-in-1 Credit Report with FREE for $29.95 So, What’s the Process of disputing a claim? Easy!, just follow these helpful tips for a dispute:

Make sure you put everything in writing.Be sure to dispute each item in a separate letter.Include your name, address and Social Security number for verification.It’s wise to send all letters certified mail and return receipt requested.Be sure to make copies for your files.Don’t give up, be persistent and write several demand letters may be necessary.Know that credit bureaus are required to show disputed items as “Disputed” on your credit report.Provide enough information for the credit bureau to conduct their investigation. Finally, know that once negative items are removed you can request (make sure this is done, it’s very important) the credit bureau to send correction notices to anyone who has received your credit report in the past six months (two years for employment purposes).

If your dispute request unsuccessful? Do this: Send a “Statement of Dispute” – This will demonstrate that all your attempts at resolving the dispute have failed. So, file a dispute with the credit bureau’s National Consumer Assistance Center. For you to enter such a dispute just call the telephone number which included with your credit report or complete a “Reinvestigation Request” Consumer Response Center, FCRA, Federal Trade Commission, Washington, D.C. 20580

A final word, be warned about Illegal disputes It is considered illegal for you to change your social security number to obtain a clean bill of credit. so take not that If any company might suggest this type of credit repair be sure to report them to the authorities.

I sincerely hope that this article gives you with a few tips and provides you some good advice on filing a credit report dispute.

To get more advice and information on credit report dispute, or Credit Score and Credit Reports click on a www.credit-reporter.net

By: Justin Fox

How do we report an unpaid civil judgement to the credit bureau?

admin — Sun, 09 May 2010 15:24:08 +0000

We were awarded a civil judgement signed by a judge and filed with our local courts in Jackson County MO for $100,000. The defendant never paid this amount and we would like for this to show up on his credit report. I have been told unpaid civil judgements can be included in the personal section of a credit report but I am unable to find out how to get the credit bureaus to acknowledge this judgement and show it on his credit report. Can anyone tell me how to get this debt on his credit report?

Understanding Credit Reports

admin — Fri, 07 May 2010 19:52:59 +0000

Credit reports are nothing but an account of a persons credit history. This means that a person’s creditworthiness can be judged by looking at his credit report. A credit report gives the history of debts of a person and banks, financial institutions, and property owners use these credit reports to determine the creditworthiness of a person.

A credit report contains social security numbers, nicknames, spouse’s name, year of birth, current and previous employers, current and previous addresses, proof of loans, credit cards, bank accounts, and retail store accounts. Other information includes public information on insolvency or bankruptcy, tax liens, or legal judgments against a person and names of people who have obtained copies of your credit report within the last six months.

All the information that is mentioned above is compiled by consumer reporting agencies or credit bureaus from many sources such as banks and retail stores. These reports are public but can only be shown to businesses thinking of extending credit, insurance companies, government agencies that grant certain licenses or benefits, and anyone with a legitimate business reason initiated by the consumer.

The decision of lending or not lending or forwarding a loan depends on the moneylender and not the credit bureau itself. If any moneylender denies the request for a loan then he is legally bound to give the name, address, and telephone number of the company that made the report.

The credit score on a credit report is determined based on factors such as payment history, amounts owed, length of credit history, and the types of credit in use. Factors such as previous bankruptcies are also recorded in this report. The amount owed by the debtors is also an important factor in determining the credit score of a person. There are some myths associated with credit scores and the most infamous is that the credit score will improve if all debts are paid but this is not true. Any negative remark stays on the report for at least seven years.

By: Thomas Morva