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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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Faith & finance (San Diego Union-Tribune)
SEATTLE – When he bought his car two years ago, Javed Ahmed saved up enough money so he could pay for it with cash. And every month, the senior analyst at Voyager Capital, a venture firm in Seattle, pays off his credit-card balance so he doesn't have to pay interest.

UT loan raises cash concerns within SEC (Birmingham Post Herald)
The first tangible crack in what has always been believed to be an impervious wall of financial security among Southeastern Conference schools appeared this week when the University of Tennessee athletic department had to borrow money from the university's reserve funds to pay off former head basketball coach Buzz Peterson.

South Carolina State Credit Union Selects Open Solutions Relational Core Data Processing Software Suite (Business Wire via Yahoo! Finance)
South Carolina State Credit Union has selected Open Solutions' The Complete Credit Union Solution as its core data processing platform. After an extensive review process, SCU decided to partner with Open Solutions.

Reverse mortgages simple, tax-free but they're not cheap (DailyRecord.com)
The big question with regard to reverse mortgages is: Should you get one or just get a mortgage or home-equity loan and live off the income from that money - perhaps putting it into an annuity? (An annuity gives you a monthly check for as long as you live.)

 

 

 

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