Credit Report Errors jeopardize jobs,housing and loans
Bismarck, ND (ContentDesk) September 9, 2004 -- Thousands of unsuspecting consumers discover they have a low credit score due to errors on their credit report
usually when there's a denial of credit, get turned down for a job, or are victims of higher insurance premiums. "Most people are aware of the need to raise their credit score but they have no idea????how to go about it." explained Gene Fisher, credit repair consultant. Fisher's web site www.2005credit.com provides a free special report on knowing your credit score and how to impove it , which is also available by calling 1-800-809-5769.With over 75 percent of all credit reports containing some sort of error, the vast majority of consumers have been or will be affected by a problem with inaccurate credit history. Fisher assists people through the
process of getting
the credit report repaired prior to applying for a loan, new mortgage, new job, or insurance which saves time, an lot of money, and embarrassment," said Fisher. Fisher is the owner of Fisher Equities and is affiliated with Eagle Literacy Group Credit Educational services as an Independent Representative.
Eagle Literacy Group offers consumers
a Credit Educational Service that includes a 12-month clean credit checkup through the 3 major credit bureaus, Experion, Equifax and Trans Union.Studies have shown that over 75 percent of all credit reports contain
mistakes of some kind, with at least 25 percent of credit reports containing errors so severe that it would cause a loan or mortgage application to be denied, according to a report by Eagle.Errors on credit reports may cause a variance of 50 points or more in credit scores, the number used to determine credit worthiness, which places place at least 8 million Americans at risk of misplacement into the sub-prime lending pool. Examples in erroneous credit reporting, inaccurate listings, missing satisfied loans or Mortgages, duplicate Mortgage entries and pertinent information misconstrued through data entry. The three major credit reporting bureaus routinely sell credit reports to landlords, employers and insurance companies. Insurance rates are subject to adjustment based on lower credit scores. Your credit score has an affect on your ability to gain proper employment,
housing, as
well as leasing of various kinds.
A 2 percent error on a $100,000 mortgage equates to over $40,000 in over-payments.The Fair Credit Reporting Act guarantees the right of the consumer to dispute any inaccurate and erroneous or obsolete information that may appear on your credit report. Fisher assists the
consumers
through the professional services of the Eagle Literacy Group, as well as to earn additional income as an affiliate independent marketing representative..
Interesting Credit Card Facts
There are three major credit report bureau's who keep information on your past credit history. You should locate these companies and find out whats in your credit report before trying to aquire a credit card.
www.experian.com 1-(888) 397-3742
www.equifax.com 1-(800) 685-1111
www.transunion.com 1-(800) 916-8800
If you are ever denied recieving a credit card, the company who denied you is required by law to tell you the name, address and phone number of the company they got your credit report from. You will need to notify this company within 30 days of recieving your denial notice in order to see your credit report for free. Otherwise you will need to pay a fee before seeing your credit report. Seeing your report is wise to do, because your credit might not be bad, there just might be a clerical error in your report.
If you tell the bureau the clerical problem they will fix it.
The higher your credit scrore, the better...
Credit report > Interesting Credit Card Facts
Big Brother knows what's in Your Credit Report. How about You?
Whether you are aware of it or not, credit bureaus have been keeping tabs on you and how you use credit. When it's time for you to apply for a mortgage, credit card, or personal loan, your credit report is what lenders look at to decide to approve you or not. Information about you is collected and stored in national repositories. Every time you apply for credit, whether it's a retail store charge account or an auto loan, the information you provide gets sent to the credit bureaus. When you are late paying a loan, it shows up on your report.
If you have ever been in a dispute with a merchant and you refused to pay them, the merchant can report your non-payment to the credit bureaus for all lenders to see.Your credit history is an important part of getting a loan. By getting a glimpse of how you handled debt obligations in the past, lenders can estimate the likelihood that you will pay back their loan in the future. What's in your credit report?Credit reports are chock full of goodies...
Big Brother knows what's in Your Credit Report. How about You?
Credit report > Big Brother knows what's in Your Credit Report. How about You?
How To Repair Your Credit Report
A credit report is run on a buyer when he or she needs to buy something that will take a long-term loan, such as an automobile or a house. The credit report can come from one of three agencies ? Equifax, Experian, and Trans Union. Each of these three agencies uses their own techniques of arriving at a credit score and receiving credit information, so attention should be paid to all three. A credit report score can go up to 800, and an increase of 50 points is a big one, enabling borrowers to get loans they previously were denied, and getting loans at much better interest rates. A 1% drop in an interest rate on a $150,000 house, for instance, may drop a payment by over $100 a month, saving the borrower over $35,000 over the life of the 30-year loan.Each of these credit agencies have taken all the financial information they can find about you and tabulated a credit score from those results.
Information will include your current and previous home addresses and employers, the credit...
How To Repair Your Credit Report
Credit report > How To Repair Your Credit Report
Credit Score Repair – The Higher Your Score, The Better For Your Credit
Credit score repair means that you want to take steps to improve the credit score you have on your credit report. A good credit score means that creditors see you as a good risk to repay the money you borrow. The higher your score, the more loans and lower interest rates you are likely to qualify for. If you have a low credit score, then you do need to consider ways of credit score repair.
What does my credit score mean? This is one question that people often ask when they get their free credit report.
In order to do well with credit score repair, it is necessary to know what information the score is based on. One important factor is your payment history. This is the details of your accounts, your monthly payments and whether or not you make them on time. If this is what is causing you to have a low credit score, then a simple way of repairing your credit score is to start paying all your bills before the due date.
What is considered a good credit...
Credit report > Credit Score Repair – The Higher Your Score, The Better For Your Credit
Bad Credit Business Credit Cards
Before granting credit to a prospective customer, a firm must ask the question: How credit-worthy is this customer? In truth, one mistake in judging the customer can lead a firm into bad credit.
In judging the credit-worthiness of an applicant the three basic factors -- the three C's (character, capacity and collateral) -- should be taken into perspective.
Character refers to the willingness of the customer to honor his obligations. It reflects integrity, a moral attribute that is considered to be very important by credit managers. Capacity refers to the ability of the customer to pay on time. This depends on the financial situation, particularly the working capital position and profitability, and the general business conditions affecting the performance of the customer.
Collateral represents the security offered by the firm in the form of mortgages.
There are several ways in which you can find out whether a customer is likely to pay his...
Credit report > Bad Credit Business Credit Cards
When You Are Eligible For A Free Credit Report
By Federal law, you are entitled to one free credit report per year directly from a credit-reporting agency only if you certify that: 1. You are unemployed and seeking employment in the next 60 days. 2. You are receiving public assistance. 3.
You believe there are inaccuracies in your credit report due to fraud 4. Also if you have been denied credit on the basis of information in a credit report, you are entitled to a free copy of your credit report from the credit bureau that supplied the credit report. 5. Residents of Colorado, Maryland, Massachusetts, New Jersey, and Vermont are entitled by state law to one free credit report from a credit-reporting agency per year. Residents of Georgia are entitled to two free credit reports.To obtain the excellent credit report service, get FREE online Credit Report, make your Credit Score higher, avoid becoming a Victim of Identity Theft, or correct your credit visit Legalhelper.ws.Your credit score is important for obtaining credit.
Your...
When You Are Eligible For A Free Credit Report
Credit report > When You Are Eligible For A Free Credit Report
Credit report
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