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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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Donor backs out of pledge to shelter (Louisville Courier-Journal)
Action Loan owner Gus Goldsmith is refusing to pay almost half of a $1 million pledge he made five years ago to the Center for Women and Families.

Credicorp 1st-Qtr Net Jumps 42% on Loan Revenue (Update3) (Bloomberg.com)
May 5 (Bloomberg) -- Credicorp Ltd., Peru's biggest financial holding company, said first-quarter profit jumped 42 percent as its biggest unit, Banco de Credito, boosted revenue on increased lending.

Bill would tighten requirements on tax preparers (CBS Market Watch)
LOS ANGELES (MarketWatch) -- Legislation has been introduced in the U.S. Senate that would tighten requirements for income-tax preparers, forcing all those who help Americans with their returns to submit to IRS regulation.

Vital Signs for the Week of May 9 (BusinessWeek)
On tap: April retail sales and import prices, March foreign trade numbers, the preliminary look at May consumer sentiment, and more

 

 

 

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