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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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www.delawareonline.com ¦ The News Journal ¦ With debt climbing, young adults find it hard to save (Delaware Online)
At 24, Jeffrey Berman is in better financial shape than many of his peers. He has no student loans, thanks to his parents, and about $1,200 in credit card debt, which he plans to pay off with his income tax refund.

Ā£80m monthly bill marks end for credit card ā€˜rate tarts’ (Sunday Herald)
Credit cardholders who save money by switching from one 0% APR promotional deal to another were dealt a fresh blow last week as Egg, one of the UK’s largest issuers, became the latest to impose a penalty on so-called ā€œrate tartsā€.

College Students Swimming in Debt (PR Newswire via Yahoo! Finance)
When today's college students turn their tassels at graduation, many will leave campus with more than just a diploma -- they also will depart with $20,000 in combined student loans and credit card debt.

Sunday, May 08, 2005 (Daily Breeze)
Increasingly, because of a job loss, divorce, high student loan debt, credit card debt or just life, adults are returning home for financial and/or psychological refuge.

 

 

 

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