For anyone asking the question "how do I check my credit rating?" here is a fast and easy solution plus some other useful tips on what to look for once you get it.
Every consumer is now entitled to one free credit file disclosure (credit report) annually under the Fair and Accurate Credit Transactions Act (the FACT Act).
There are 3 national credit bureaus who collate all the credit data and pass it on to a Central Source called AnnualCreditReport.
com and this is where you can obtain your free annual report.
The 3 national credit bureaus are Equifax, TransUnion and Experian So here's how to do obtain your free credit report and what to look for once you get it:
I hope it helps you with yours.
For more free information about quick credit repair visit the link below
Every consumer is now entitled to one free credit file disclosure (credit report) annually under the Fair and Accurate Credit Transactions Act (the FACT Act).
There are 3 national credit bureaus who collate all the credit data and pass it on to a Central Source called AnnualCreditReport.
com and this is where you can obtain your free annual report.
The 3 national credit bureaus are Equifax, TransUnion and Experian So here's how to do obtain your free credit report and what to look for once you get it:
- Visit AnnualCreditReport.
com and go through the due request process - Once you receive your report, review it and check that all the credit entries are correct, and that there are no false claims made by any of your creditors (such as late payments that you know not to be the case) or incorrect identity details made which may have an impact on your credit rating and credit score.
It's surprising how often this actually occurs. - (Just in case you are not aware: your credit rating is a snapshot of your current credit position which allows creditors to see things like your current debt balances, payment history etc.
Your credit score is a three digit computer generated prediction of your future credit-worthiness and it is based on your past and present credit transactions and history) - In the event you do find false claims or incorrect data on your credit file you are entitled to dispute these items by contacting the creditor who made the claim directly and requesting that they be removed urgently.
- You will obviously need to have evidence to prove the claims wrong, so assuming that you do you would also want the creditor to issue a written notice to the credit bureau and of course a copy for yourself.
- Be particularly insistent that they issue this in writing, stating their error and clearly stating you were not party to the claim.
Also make sure it's on their letterhead with all the relevant details shown and it's signed. - If you find a clerical error such as incorrect identity or the like, you would contact any of the 3 credit bureaus and have them correct this in the same manner as above.
- Next you would check your credit report and request removal of any old or delinquent charges that are no longer valid.
These would include file comments more than 7 years old, past creditor claims of non-payment which have since been paid in full and minor items more than 5 years old. - If you have been adjudged bankrupt you would want to check that there are no claims from creditor accounts which were included under the "closed files" of your bankruptcy.
You may face a bit of resistance from creditors, but by law these files all fall under the umbrella of the bankruptcy and the creditor no longer has any claim to it.
I hope it helps you with yours.
For more free information about quick credit repair visit the link below