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      January 23, 2018

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How Often Should You Check Your Credit Report?

Why Is A Good Credit Score Helpful?

What Kind Of Information Will Your Credit Report Contain?

What Can You Do If Your Credit Report Is Wrong?

How You Can Raise Your Credit Score If Itís Low

 

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What Kind Of Information Will Your Credit Report Contain?

A credit report is the compilation of a consumerís financial history. It includes information about every account ever opened, every loan ever secured and every financial institution with which an individual ever has done business. It also is a barometer for lenders to determine if they wish to do business with a particular consumer. Credit reports contain a credit score ranging from 300 to 850. Persons with scores over 700 are considered in good financial standing.

There are many reasons to check your credit report at least once a year, but fraud prevention and accuracy of information contained within the report are among the top reasons to take a peek.

Speaking of accuracy of information, there are certain kinds of information that are included in every credit report. While it is true that all three agencies collect their information in slightly different manners, all three generally follow the same rules as to what kind of information is found in the reports.

So what can you expect to see if you order a credit report on yourself?

All credit reports contain identifying information about the individual: full legal name, any aliases used, social security number, date of birth and employment information. Most reports also contain a complete listing of all places of residence for the consumer. Residential information is compiled from utility bills and credit card companies, or any other creditor with which an individual has done business.

A complete listing of all credit accounts also is included in an individualís report. Lenders will provide information on each account a consumer has opened with them. The report will classify which kind of account it is: bank account, credit card account, mortgage, vehicle loan, or utility service. If a consumer has closed an account with a creditor, the dates the account was both opened and closed should be included in the listing for that account. It is important to check this information closely to ensure that all accounts opened are in good standing and that the accounts were actually secured by the individual on the report.

Credit inquiries also are listed on a consumerís credit report. Credit inquiries are requests by any lender who has asked to view your credit report. Inquiries are classified as voluntary or involuntary. Voluntary inquiries are ones the consumer has initiated, such as for a car loan or mortgage. Involuntary inquiries are those conducted by companies, such as credit card companies, without your knowledge. It is not uncommon for certain creditors to check your financial standing to determine if they wish to make you a special offer on opening an account with them. Credit card companies frequently make involuntary inquiries on consumer credit reports in an attempt to drum up new customers.

The final bit of information included on credit reports is anything pertaining to a consumerís public history: bankruptcies, overdue payments, foreclosure and wage attachments are among the common items found on credit reports.

Any information found on the report which is in error should immediately be disputed with the credit reporting agency. Each of the three agencies has a process for disputing information, which is clearly explained on the reports they issue to consumers, as well as on their individual websites. TopConsumerReviews.com has reviewed and ranked the best credit repair services available today.

How to Get Additional Free and Discounted Credit Reports

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Published:  Fri, 19 Jan 2018 00:00:00 GMT



Trump asked South Korea's president to give him credit for talks with North: report

President Trump Donald John Trump Dems flip Wisconsin state Senate seat Sessions: 'We should be like Canada' in how we take in immigrants GOP rep: 'Sheet metal and garbage' everywhere in Haiti MORE asked South Korean President Moon Jae-in to publicly give ...

Published:  Sun, 21 Jan 2018 07:55:00 GMT



How to Get a Free Credit Report

Your credit report is a history of past and current credit activity. Lenders use it to assess the risk of extending new or continuing credit - everything from credit cards to auto and home loans. If you're looking to apply for new credit, you should ...

Published:  Thu, 18 Jan 2018 06:37:00 GMT



Report: The average consumer has more than $6,300 in credit card debt

Team Clark is adamant that we will never write content influenced by or paid for by an advertiser. To support our work, we do make money from some links to companies and deals on our site. Learn more about our guarantee here. The average consumer has a ...

Published:  Fri, 19 Jan 2018 10:00:00 GMT



Solve These 3 Problems And Improve Your Credit Score Fast In 2018

They can hire a credit reporting agency to pull a non-traditional or manual credit report, showing accounts that normally don't report to credit bureaus. These might include utility payments, rent-to-own furniture, apartment leases and personal loans.

Published:  Wed, 17 Jan 2018 08:27:00 GMT



OnePlus website Was Hacked, Credit Card Information at Risk

It is a frequent target of hackers. A number of reports have noted that the attack attempts had come since the first year they used the credit card to purchase items and make payment from the manufacturer's website. Most people blamed OnePlus for the ...

Published:  Sat, 20 Jan 2018 11:39:00 GMT



Treasurer Webb intends to release full credit report in month or two

Lindsay Webb takes oath of office from Toledo Municipal Judge Michelle Wagner on Jan. 10 at One Government Center in Toledo. Lucas County Treasurer Lindsay Webb said Friday she expects to release her full credit report within 30 to 60 days, a disclosure ...

Published:  Fri, 19 Jan 2018 21:22:00 GMT



OnePlus Shuts Down Credit Card Payments After Reports of Suspicious Transactions

Recently, OnePlus was on a roll. The OnePlus 5T is easily the best phone the company has ever made, and just before CES 2018, OnePlus released a rather attractive white color variant for its latest mid-range phone. However, things got derailed last week ...

Published:  Tue, 16 Jan 2018 05:50:00 GMT



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