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Repair Your Credit The RIGHT WAY!

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Building Better Credit And Credit Repair Newspapers, radio, TV and the Internet are filled with advertisements that offer—for a fee—to erase accurate negative information in your credit file. The scam artists who run these ads can't deliver. Only time, a deliberate effort, and a plan to repay your bills will improve your credit record. This publication is designed to help you understand and legally improve your credit report through the right way to credit repair. This publication has five sections:

Consumer Reporting Agencies If you've ever applied for a credit card, a personal loan, or insurance, there's a file about you. This file contains information on where you work and live, how you pay your bills, and whether you've been sued, arrested, or filed for bankruptcy. Companies that gather and sell this information are called Consumer Reporting Agencies (CRAs). The most common type of CRA is the credit bureau. The information CRAs sell about you to creditors, employers, insurers, and other businesses is called a consumer report.

he Fair Credit Reporting Act (FCRA) The FCRA is designed to promote accuracy and ensure the privacy of information used in consumer reports. Recent amendments to the Act expand your rights and place additional requirements on CRAs. Businesses that supply information about you to CRAs and those that use consumer reports also have new responsibilities under the law. Here are some questions consumers commonly ask about consumer reports and CRAs—and the answers.

 
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S Korean credit card earnings up in 1st quarter (Asia Times)
SEOUL - Most South Korean credit card companies remained in the black in the first quarter on the back of their efforts to improve asset quality and a gradual pickup in consumer spending, the country's financial regulator said.

S. Korean Credit Card Firms' Q1 Earnings Improve (Asia Pulse via Yahoo! Asia News)
SEOUL, May 6 Asia Pulse - Most South Korean credit card companies remained in the black in the first quarter on the back of their efforts to improve asset quality and a gradual pickup in consumer spending, the country's financial regulator said Friday.

Credit card minimum payments heading higher (Bankrate.com via Yahoo! Finance)
Ballooning minimum monthly payment on credit card balances could help you reduce debt faster or push you closer to bankruptcy.

www.delawareonline.com ¦ The News Journal ¦ Children need guidance in financial realities (Delaware Online)
What kids don't know about money can hurt them: Bad financial habits in childhood can lead to worse problems when they're adults. Credit card use is an example. Too much debt can cripple a family.

 

 

 

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