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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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News Scan: May 25, 2005 (Forbes)
Qwest CEO calls end to MCI bidding war; jury can't agree on Scrushy verdict; Societe Generale profit up 41%.

Breaking the pension bank (Kansas City Star)
Ken Kenski, 68, of Parkville, retired from TWA in 1999 after nearly 34 years at Kansas City airports. In 2001, the Pension Benefit Guaranty Corp. took over the airline's pension plans.

The $4.7 Trillion Pyramid Scam (Social Security) (Free Internet Press)
Why Social Security won't be enough to save Wall Street They wanted something for nothing. I gave them nothing for something. J. R. Yellow Kid Weil

 

 

 

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