Credit Reporting Act (fcra) ?
Q: Is your credit keeping you from moving forward? Your credit report is your lifeline in life and in business. I have found that many times, credit reports are not as accurate as they should be. Inaccuracy of a credit report can keep you from getting credit cards and loans. There are many ways that you can improve your credit rating. There are companies out there that are willing to charge you hundreds of dollars to do exactly that. The problem is who has hundreds of dollars to blow when your trying to apply for credit in the first place. You can do exactly what those companies offer you all by yourself. I have created a report that will show you the steps you need to take to remove bad remarks and incorrect entries on your report. It is about time that you knew your rights. Why let companies take advantage of you.
A: For those of you who are interested in this topic but averse to following up spam, here's a quick primer with no sales pitch: -- Any of the major credit reporting agencies will give you a free credit report each time you are denied credit, insurance, employment, or a rental dwelling opportunity due to items found on that report. You will be given instructions on how to obtain this free report with the notice of denial. -- In addition, TRW will give you one free credit report a year regardless of whether you have had any problems stemming from that report. Call 1-800-682-7654 for recorded instructions on how to obtain it. -- Any credit report given to you as a consumer will have detailed information on how to interpret and dispute items on the report, and will explain the Fair Credit Reporting Act (FCRA) and state consumer protection laws which may apply to you. -- If you want to "remove bad remarks" from your report, you'll almost always have to work with creditors to pay off delinquent accounts. If you owe money, there's no magic cure; bite the bullet. -- Creditors will often remove bad marks from your report once you pay them off, even if you're delinquent. Work with them instead of avoiding them. -- Incorrect entries on credit reports are usually removed from a report easily and with a single dispute. At worst, they'll fall off if they don't stand up to the scrutiny of the FCRA or state consumer protection laws. -- Consumers can usually perform disputes, account negotiations, and credit report interpretation without help. At most, you may need to buy a copy of "Pearl Pollto's Guide to Good Credit," which sells for maybe $5. -- Careful who you give your card numbers out to; when someone wants your card number up front for a "free trial," be very suspicious.