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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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Mortgage archives (Bankrate.com)
Compare Refinance Rates -- Compare up to 4 free refinance quotes from lenders who can get you a lower interest rate. No obligation - Bad credit OK. Mortgage Loans Free Competitive Quotes, Apply Now! -- Our fast, simple, secure form matches you and your loan needs with industry-leading lenders.

5/6/05 Credit Card Minimum Payments to Double (KCBD-TV)
If you haven't already cut up your credit cards, this may drive you to: Crystal Gomoke with Consumer Credit Counseling Service says, "The Office of the Comptroller of the Currency has asked credit card companies to increase the minimum monthly payment they are requiring consumers to pay from 2% of the balance each month to 4% of the balance."

Ways Credit Card Issuers Try to Wreck Your Game -- And How You Can Stop Them (Newhouse News Service)
Any financial planner will tell you that to set your pocketbook straight, you should start paying off your credit card balances each month. And more of you are listening.

Bad News For Charge Fiends...Good News For Savers, Home Buyers (BET.com)
For more information see our sponsors at NAACP-NVF.org. If you're a charge fiend, watch out. Interest rates are heading up again. Are you a charge-it fiend? Now might be a good time to take a vacation from your credit cards. Here's why.

 

 

 

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Repair Your Credit The RIGHT WAY! better bad credit mortgage rate sites