First Time Home Buyers
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This is called a credit inquiry. Anytime a creditor or anyone else accesses your credit report it posts an inquiry. This is a record of who pulled your credit report and on what date. The credit bureaus are required to keep a complete list of all inquirie
Continue Reading →Federal law specifies how long negative information may remain on your credit report. To prevent past errors from haunting you forever, most negative information must be erased after seven years. This includes late payments, accounts that the credit grantor turned over to a collection agency and judgments filed against you in court–even if you later [...]
Continue Reading →Each credit grantor has established criteria for making credit decisions. Your credit may appear to be perfect, but having too much credit or too many outstanding balances are examples of why your request for credit might be declined. Sometimes the decisi
Continue Reading →Under the Fair Credit Reporting Act (FCRA) you have the right to dispute the mistake with the credit bureau providing the information. You should submit the credit report dispute in writing, providing any proof you have to support your claim. If the credit bureau determines the information was indeed inaccurate, your credit report will be [...]
Continue Reading →The Fair Credit Reporting Act (FCRA) is the federal law regulating credit reporting companies. This law protects consumers’ rights, such as the right to review and contest information in their credit profiles. It also specifically defines who can access t
Continue Reading →You should check your credit report at least once a year to make sure your identity has not been compromised. It’s a good idea to also check your credit report before applying for a loan, if you’ve been denied for credit, you think your identity has been
Continue Reading →Review Your Credit Reports Regularly
If your identity has been stolen, regularly review your consumer credit reports to detect any suspicious activity. You are entitled to free credit reports, one from each of the three large credit reporting agencies
Continue Reading →Federal law entitles you to one free credit report each year from each of the three credit bureaus. This credit report should be ordered through www.annualcreditreport.com.
Continue Reading →The three credit bureaus are: Equifax, Experian, and TransUnion. The websites are www.equifax.com, www.experian.com, and www.transunion.com, respectively.
Fair Isaac is not a credit bureau. It is the company who develops and maintains the FICO score.
Continue Reading →Opt-Out
To protect yourself further by removing your name from mailing lists, pre-approved credit offers among other lists, see below:
- To stop prescreened credit card offers, call toll free: 888-567-8688
- To get off many lists for marketing mail, calls and email:
http://www.dmaconsumers.org/cgi/offmailinglist
http://www.dmaconsumers.org/cgi/offtelephone
http://www.dmaconsumers.org/consumers/optoutform_emps.shtml
For information on the federal [...]
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