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Table of Contents
WHAT IS A CREDIT REPORT?
A credit report is a record of how
you have borrowed and repaid debts. Creditors usually look at
this report to decide whether or not to grant credit.
 Order
your Credit Report today! or learn
more first from NoDeception.com.
WHAT KINDS OF INFORMATION CAN
BE INCLUDED IN MY REPORT?
Most commonly:
---Identification and Employment
Data
---Payment History on your accounts
---A listing of all creditors who
have recently requested copies of your report
---Public Record Information (such
as bankruptcies, foreclosures, court judgments)
WHO CAN SEE MY CREDIT REPORT?
Only certain people are allowed
to look at your report, such as:
---Creditors, when you apply for
credit or for a loan.
---Potential employers, but only
under certain circumstances and only if you give them authorization.
---Government agencies trying to
collect child support
SHOULD I USE A CREDIT REPAIR
COMPANY FOR HELP?
Beware of credit repair companies.
There are many things you can do on your own to "fix"
your credit or to rebuild your credit.
BEWARE OF THESE COMMON CLAIMS
MADE BY CREDIT REPAIR COMPANIES
"We can erase bad credit"
The truth is
that no one can erase bad credit information from your report
if it is accurate.
"Only we can remove old or
inaccurate information"
The truth is
that if there are legitimate errors on your report or information
that is old, you can correct the report yourself without paying
a lot of money to one of these companies.
"Legitimate errors" means
that the information is inaccurate, not just that it is information
you don't like.
"Old information" means
credit information older than 7 1/2 years, or bankruptcy information
older than 10 years.
"The information on your report
is accurate but we'll erase it anyway"
The truth is
that if this means lying to the credit reporting agency, it is
illegal.
WHAT CAN I DO ON MY OWN TO GET
AND KEEP GOOD CREDIT?
KEEP TRACK OF YOUR CREDIT HISTORY
BY ORDERING YOUR REPORT
1. There are three major credit
reporting agencies and many other small ones. You should order
your report from at least the "Big Three." These companies
are:
---Equifax
---Experian (formerly TRW)
---Trans Union
These agencies may charge you up
to $8.00 for the report. The report is free if you have been denied
credit within the past 60 days. You can also get one free report
in any 12 month period if you are unemployed and will be applying
for a job within the next 60 days, if you are on welfare, or if
you have reason to believe that your report contains inaccurate
information due to fraud.
HOW DO I ORDER A REPORT?
NoDeception.com has chosen Truecredit.com
as a reliable online source for ordering your report. Just click
through to see the various reports they offer.
Order
now...or learn more
first from NoDeception.com.
WHAT SHOULD I LOOK FOR IN MY
REPORT?
You should at least look for the
following possible problems:
ARE THERE ANY ERRORS?
If you think you see an error, you
should fill out a dispute form or write a letter explaining what
you think is wrong. Attach any supporting evidence.
The agency must then investigate
your report and get back to you usually within thirty days. (They
can decline your request only if they decide that it is frivolous.
They must notify you of this decision).
The agency must notify you within
five days of completing the investigation and must include a copy
of your credit report if it has been revised.
If the problem is not resolved,
you may file a written statement of up to 100 words explaining
your side of the story.
IS THERE ANY OLD INFORMATION?
Look for:
---Credit information older than
7 1/2 years
---Bankruptcy information older
than 10 years
This is considered "old"
information and should no longer be on your report.
WILL THIS SOLVE ALL OF MY CREDIT
PROBLEMS?
NO. Sometimes people get into trouble
with credit. These problems will usually show up on your report.
The best thing to do in this situation is to start rebuilding
your credit. And if you apply for credit, shop carefully. Try
to get the best terms possible.
WHAT IF I FIX EVERYTHING AND
I'M STILL TURNED DOWN FOR CREDIT?
It is possible that you are being
illegally discriminated against. It is against the law for creditors
to base decisions to extend or deny credit on sex, age, race,
color, religion, national origin, marital status, receipt of public
income or assistance or the exercising of your rights under the
credit laws.
You should consult an attorney if
you think this has happened to you.
Learn
what's on your Credit Report today!or learn
more first from NoDeception.com.
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