Print | Send To Friends | Add To Favorites | Comment

Need Credit Repair? Do it Yourself and Save Your Precious Money

By: Jeanette Joy Fisher

Article Word Count: 578 words  [Comments (0)]
Total Views: 2 Views

No matter what many credit counseling scam artists may try to tell you, no one can legally remove any information that is up-to-date and accurate from your credit report. They can't do it, and you can't do it yourself. However, you CAN request an investigation of anything you find in your credit file that you believe to be either incomplete or inaccurate. That is perfectly legal, and can be done at NO cost to you. In fact, anything that a credit repair company offers to do for you can be done yourself, generally free or for a nominal fee.



The good news is that just because you may have some negative information in your credit report doesn't automatically mean you can't get credit at all. Most creditors have their own guidelines when it comes to granting credit, which means that each company will look at your credit report in a slightly different way. For instance, itÂ’s not uncommon for companies to lend more credence to the most recent information in a credit report. That way, if you experienced some financial difficulty a number of years ago, but then were able to get back on an even keel and have been exemplary since that time, you'll be more likely to receive the credit you're seeking with those companies. It might even be to your benefit to have an informal discussion with a potential creditor to discuss how they interpret credit reports--even before you apply for credit.



You're entitled to a free credit report every twelve months, and it's worthwhile to take advantage of that fact, just to see what information is contained in your file. Many financial advisors and consumer advocates suggest that you review your credit report periodically, because erroneous information can sometimes get into your report inadvertently and can affect your chances of getting a loan or qualifying for insurance--as well as how much those will cost you, in terms of interest rates or premiums.



So request a free credit report from one of the Big Three: Experian, Equifax, or TransUnion, and make sure that all the information it contains is up-to-date and accurate, especially if you're about to apply for a major purchase, seek insurance, or apply for employment. Checking your credit report on a regular basis can also alert you to identity theft, which is one of the fastest-growing crimes in the world today. Inaccurate or incomplete information in your credit report can have a significant impact on your chances of obtaining loans, insurance, or a job, so itÂ’s well worth the effort to make sure everything in your report is exactly as it should be.



If you're having trouble with your credit report and need help finding assistance, you can contact the Federal Trade Commission (FTC) for help. Find them on the Web at www.ftc.gov, or you give them toll-free at 1-877-FTC-HELP. Their TTY number is 1-866-653-4261. They maintain an online database that lists hundreds of civil and criminal law enforcement agencies in the U.S., and they'll be able to steer you toward the help you need.



Copyright © Jeanette J. Fisher


Article Source: http://www.articledashboard.com





Jeanette Fisher teaches how to get out from under credit card debt, how to use credit to make money, and six ways to build strong credit to finance your first home and multiple investment properties. For free credit advice and free ebook "Credit Tips for Mortgage Financing," see worryfreecredit.com





Print | Send To Friends | Add To Favorites | Comment

Related articles


Choose A Better Balance Transfer Card By: Joseph Kenny - If you are currently experiencing problems making repayment of your credit card debt, then the time has come to consider switching your credit card account to a 0% account.
 
How Your Credit Score Determines The Size Of Your Bank Account By: Kevin Erickson - Every time you apply for any type of loan or you are issued credit or you pay any bill, it becomes a part of the equation that determines your credit rating.
 
Loans For Bad Credit By: Matthew Bourne - Personal debt in the UK has soared to record levels over the past few years.
 
An Average Credit Score – It Is Important When Borrowing By: Peter Crump - The average credit score is the rating that the 3 major credit bureaus assign to your credit report.
 
Avoiding Bad Credit and Repair By: Keith Gloster - Staying in contact with your payments each month can help you avoid bad credit.
 
Credit Cards Bring Festive Cheer By: Peter Kenny - Christmas is almost upon us once again and the worry of meeting the demands that it has on our finances comes to the fore.
 
Prepaid Credit Cards By: Joseph Kenny - If you have a history of bad credit and are unable to obtain a mainstream credit card, then prepaid credit cards may be just the answer you are looking for.
 
Get Your Annual Free Credit Report – Why Pay For It? By: Peter Crump - You can get an annual free credit report from any of the three major credit bureaus.
 
Getting approved for a credit card By: Joseph Kenny - It is a fact of modern life that credit cards are an increasingly essential financial tool.
 
Do You Need To Improve? Credit Scores Count. By: Peter Crump - To improve your credit score, you have to take steps to improve the rating that the credit bureaus give you on your credit report.
 
Credit Card Minimum Payments Create Debt By: Peter Kenny - A credit card minimum payment means that you can spend more and pay as little back as the credit card issuer will allow you.
 
Rewards Cards: Convert Your Current Card By: Matthew C. Keegan - If you are a current credit card holder – MasterCard or Visa -- you may be overlooking an important way to make your card work even better for you: by joining a rewards program.
 
Credit Help For Renters And Others On The Horizon By: James H. Dimmitt - Sue is a homeowner and pays her mortgage and other bills on time like a good credit consumer.
 
The IMF Deconstructed By: Sam Vaknin - A Dialogue Between Tom Rodwell and Sam Vaknin, December 1998 By Sam Vaknin Author of "Malignant Self Love - Narcissism Revisited" The following is a standard IMF document, taken from its own website.
 
4 Steps to Creating Good Credit By: James H. Dimmitt - As a consumer youÂ’ve learned the importance of establishing a good credit rating with your lenders.
 

Search the Articles


Subscribe

Receive alert message from us when new articles submitted to our site for free.

Enter your name

Enter your email

Categories

Syndicates