A
mistake on your credit history can have a devastating effect on your
life. It could mean higher interest payments on your home mortgage
or the inability to obtain a loan or a credit card or. It may even
prevent you from obtaining the job you want because many employers
check credit history.
It is recommended that you check your credit history every year.
There are a several ways of checking your credit. They involve obtaining credit reports containing your credit history directly from the credit bureaus or from credit reporting companies.
What are the main Credit Bureaus? What role do they play? What type of information do they have? How do you communicate with them?
Creditors use credit scoring, also knows as FICO credit scores, to evaluate your creditworthiness and to decide automatically whether to extend credit to you or to deny your request.
Before you can start to maximize your use of credit or deal with credit problems, you need to know what the credit reporting agencies are saying about you! Once you know what shape your credit history is in, you can start to build or rebuild your credit.
CREDIT REPORT ERROR CORRECTION
Credit Reporting Agencies and
information providers are responsible for
correcting inaccurate or incomplete information in your
report. View a sample dispute
letter.
Obtain a copy of your 3 bureau credit report, dispute any negative information and re-establish your credit by taking the appropriate measures including applying for secured or unsecured credit cards.
Your credit history can suffer greatly if you are a victim of credit fraud or if your credit card is lost or stolen. Learn how to protect yourself against fraud.
Books to help you establish, maintain, repair or protect your credit.
Answers to commonly asked questions regarding credit.