Federal Law requires the three major credit reporting agencies Trans Union, Experian and Equifax to provide you with one free credit report annually.
Everyone should take advantage of their right to receive this report. Order yours at the same time each year, on a date that you will remember. You should check your reports thoroughly for mistakes, and dispute any inaccurate findings.
For many people, interpreting the reports and coping with errors is a daunting task. Credit reports are full of unfamiliar language and codes. They're not written for the average person to read or understand. Even more intimidating can be the job of disputing items to contest or correct any mis-information.
Correct Any Mistakes: Credit reporting agencies regularly have mistakes in their reported information. Studies have shown that a large percentage of credit reports contain mistakes of some kind.
It's likely that you may have some items on your credit report that need to be questioned or corrected. Each one of the web sites of the three major credit reporting agencies has a consumer resolution page. Be prepared to use it.
Handle Your Credit Problems: You may have had major credit issues at some particular point during the past. Reviewing this could be emotionally draining, and will likely bring up reminders of the situation that was the cause of your credit issues. Nevertheless, burying your head in the sand is not going to make anything go away. Facing the issues head on and and managing them as best you can is the only way to move past it all and re-establish a solid credit history.
Find out how long the negative items will stay on your reports. Read our suggestions as to the best ways in which to improve your credit rating.
If you are intimidated by this process, or unsure of how to proceed, you may wish to hire a professional Credit Repair Agency.
The site where you may order your FREE annual reports is: http://www.annualcreditreport.com
Following is the contact information for the 3 major credit bureaus where you may dispute any inaccurate information contained in your reports.
Equifax (800) 685-1111
Experian (888) 397-3742
Trans Union (800) 916-8800
Everyone should take advantage of their right to receive this report. Order yours at the same time each year, on a date that you will remember. You should check your reports thoroughly for mistakes, and dispute any inaccurate findings.
For many people, interpreting the reports and coping with errors is a daunting task. Credit reports are full of unfamiliar language and codes. They're not written for the average person to read or understand. Even more intimidating can be the job of disputing items to contest or correct any mis-information.
Correct Any Mistakes: Credit reporting agencies regularly have mistakes in their reported information. Studies have shown that a large percentage of credit reports contain mistakes of some kind.
- 79% of consumer reports contain serious errors - false delinquencies or accounts that do not belong to the consumer.
- 41% contain personal demographic identifying information that may be long-outdated, belong to a complete stranger, or is otherwise incorrect.
- 26% contain credit accounts that have been closed out by the consumer but remain listed as open.
- 20% are missing major credit, loan, mortgage, or other consumer accounts which are crucial in demonstrating the credit worthiness of the consumer.
It's likely that you may have some items on your credit report that need to be questioned or corrected. Each one of the web sites of the three major credit reporting agencies has a consumer resolution page. Be prepared to use it.
Handle Your Credit Problems: You may have had major credit issues at some particular point during the past. Reviewing this could be emotionally draining, and will likely bring up reminders of the situation that was the cause of your credit issues. Nevertheless, burying your head in the sand is not going to make anything go away. Facing the issues head on and and managing them as best you can is the only way to move past it all and re-establish a solid credit history.
Find out how long the negative items will stay on your reports. Read our suggestions as to the best ways in which to improve your credit rating.
If you are intimidated by this process, or unsure of how to proceed, you may wish to hire a professional Credit Repair Agency.
The site where you may order your FREE annual reports is: http://www.annualcreditreport.com
Following is the contact information for the 3 major credit bureaus where you may dispute any inaccurate information contained in your reports.
Equifax (800) 685-1111
Experian (888) 397-3742
Trans Union (800) 916-8800