TopConsumerReviews.com is a world-leading consumer product review site. We provide detailed reviews and ratings for thousands of products and services.
Tired of being turned down for car loans, a mortgage or even cable service? Is bad credit to blame for the constant rejection? If so, it's time to take the steps necessary to repair your financial reputation.
While it may seem hopeless, a less-than-stellar credit report can be turned around. However, years of bad credit cannot be undone in just a few hours of time, so be prepared to be patient while you work through the steps toward a better financial future.
The first step in repairing your credit is to request a copy of your credit report from each of the three credit reporting agencies: Equifax, Experian and TransUnion. Under guidelines spelled out in the Fair Credit Reporting Act (FCRA), individuals are permitted to obtain, for free, one annual copy of their credit report from each of the three listed agencies above. By going to annualcreditreport.com, you can order a report from each of the agencies. Be wary of other websites and companies which claim to be official sources for obtaining a credit report. The only site authorized by the federal government to dispense the free reports is annualcreditreport.com. Other sites can and will charge you for the credit reports - a fact you may not discover until it's too late.
Once you have your credit reports, go over them carefully. As with any sort of history which relies on the accurate reporting of outside agencies, mistakes can and do happen. Review to make sure that all accounts in your name were actually opened by you, and that there are no mistakes in reports of failure to pay on any account. Employment and resident history also are included on a credit report, so be sure to check that all employers and places of residence are accurate to ensure that someone else's information has not been included in your report.
While it may seem redundant to do so, be sure to review each report from all three agencies. National credit reporting agencies may obtain their information from different sources, and therefore may not contain all of the same data.
If you discover a mistake on any of the reports, you should file a dispute with the credit reporting agency. The three credit reporting bureaus all have a dispute process. That process can be accessed online through their websites, or via snail mail with a form that can be obtained by calling the credit reporting bureau. Within 30 days, the individual should receive a response to their complaint about inaccurate information.
In most cases, the credit reporting agency is able to verify the information is incorrect and will remove it from your record. In the event it does not agree that the information is false and refuses to remove it, the consumer should request that a copy of the dispute notice be included with the credit report any time it is accessed by an outside source.
If poor credit is just a fact of life - rather than a data error on someone else's part - there are steps that can be taken to help earn back the trust of creditors. The best solution is to consult with a consumer credit counseling service, which can help consolidate loans and bills into affordable monthly payments. If creditors see that you are making an effort toward paying down your debt responsibly, they are more likely to extend credit to you in the future.
Top Consumer Reviews Articles
TopConsumerReviews.com provides unique articles that you won't find anywhere else on the internet. These articles are designed to help you make the most informed decisions possible.
Credit Repair In The News
Several local organizations are working on a citywide effort to increase consumer credit literacy and help community members raise credit scores to 720. The second annual CHA720 campaign is slated for ...
Published: Sat, 21 Jul 2018 01:53:00 GMT
Sky Blue Credit Repair, a leading provider of Credit Repair services, receives a best-in-class 5-star rating from TopConsumerReviews.com. For all of these reasons, Sky Blue Credit is our highest-ranke...
Published: Fri, 06 Jul 2018 07:11:00 GMT
Philadelphia, PA -- (SBWIRE) -- 07/03/2018 -- Men and women who have not been monitoring their credit throughout the year are being encouraged to seek a credit check-up from Quality Credit Repair this ...
Published: Tue, 03 Jul 2018 05:13:00 GMT
Credit repair can be a saving grace for individuals in Illinois who have poor credit histories. While some items on your credit report can't be removed until they expire, other issues can be resolved ...
Published: Sat, 07 Jul 2018 14:08:00 GMT
Credit Repair companies Newark specialize in Credit Advisors Council - Credit Repair Newark, has seen tremendous progress in their efforts of helping many college students, business executives and gov...
Published: Tue, 03 Jul 2018 05:25:00 GMT
The brand campaign message of the multinational debt management company, Credit Advisors Council - Credit Repair Marlton, when they launched, started, and extended their award-winning credit repair so...
Published: Tue, 03 Jul 2018 05:25:00 GMT
- View Full Site -
Reproduction in whole or in part in any form without the express written consent of TopConsumerReviews.com, LLC is strictly prohibited.