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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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clean credit free up | clean credit free report | checking credit history
 

Expert gives the scoop on credit scoring (The Indianapolis Star)
When you go shopping for a car or a home, do you become a little concerned when you hear these words: "Can I pull your credit report?"

Phone (don't click) for your free credit report (Bankrate.com via Yahoo! Finance)
There are three ways to get a free copy of your credit report each year, but you can protect your bank account and privacy by skipping the online method and calling the toll-free phone number.

Stay alert for sinister phishers (Richmond Times-Dispatch)
This week's column is a mish-mash of stuff you need to know. At the end, there are two letters from readers, one about my column on online bill payment and the other on Allstate's settlement with customers that it may have overcharged after secretly peering at their credit reports.

Scores suffer little from inquiries (South Coast Today)
When you go shopping for a car or a home, do you become a little concerned when you hear these words: "Can I pull your credit report?" Lots of consumers bristle, for they know (or think they know) that this means a credit inquiry could be posted on their credit report.

 

 

 

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