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Benefiting From The Fair Credit Reporting Act |
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Written by Gary Cole
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For many years, consumers knew that somewhere, somehow, information about their credit history was being compiled. That was about all they knew though, since they were not allowed to see their own credit report. If their loan application was declined due to credit information, there was no way to find out what that information was, or if it was accurate. |
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How To Dispute Credit Report Errors |
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Written by Gary Cole
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Many consumers don’t realize that there may be errors on their credit report until they are declined for additional credit. It can be quite a shock to find that a payment history you thought was flawless shows numerous late payments or even repossession. You might also find that an account paid off and closed long ago is still showing as active. If you feel that your credit report contains erroneous information, there are several things you can do to correct it. |
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How Credit Reporting Companies Work |
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Written by Gary Cole
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Your credit report is a very important part of your financial life. Anytime you apply for any type of loan, no matter how large or small, potential creditors will check your report. Your credit score and credit history are important factors in the ultimate lending decision. Unfortunately for many borrowers, the way credit reporting agencies work remains a mystery. Understanding how these companies work and how they use the information they receive about you is important if you wish to present the best possible picture to potential lenders. |
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