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Tip: Is there such a thing as a free credit report? There is only one way to get a free credit report. This is by contacting the individual credit bureaus. Read the full article.
Credit Report Facts
You have a right to know what is on your credit report
If you have been declined credit, you are entitled to a free copy of your credit report from each agency that the creditor used
No one, including your employer can access your credit file, unless you give them permission.
You have the right to place a consumer statement in your credit file that explains hardships and periods of questionable credit.
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Credit Reports - Credit Repair - Credit Monitoring |
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News: Fair and Accurate Credit Transactions Act of 2003
On December 4, 2003, President Bush signed the Fair and Accurate Credit Transactions Act of 2003, which amends the Fair Credit Reporting Act.
This new legislation is intended to stem the rapidly growing problem of identity theft and to improve the accuracy of consumer records. The legislation:
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Gives all consumers the right to obtain one free credit report every year from each of the three major consumer credit reporting agencies. (The reports will come from a single, centralized source.)
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Requires consumer credit reporting agencies to notify consumers that credit scores are available to them upon request.
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Requires certain mortgage lenders to disclose credit scores to certain home loan applicants.
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Prohibits merchants from printing more than the last five digits of a credit or debit card number on an electronic receipt.
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Requires creditors to notify consumers before sending negative information about them to credit reporting agencies.
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Allows consumers to place "fraud alerts" in their credit files. Creditors who receive these alerts must follow certain procedures before issuing new credit to prevent identity thieves from using stolen information to open new accounts.
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Gives victims of identity theft the right to block information from being given to, and reported by, a credit reporting agency if that information results from identity theft.
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Requires credit reporting agencies to develop procedures for sharing consumer complaints related to identity theft.
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Limits the circumstances under which a consumer's medical information can be furnished by credit reporting agencies.
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- Learning Center: Do you really know what your credit report says? When you apply for a loan, credit card or even a cellular phone, your credit report will be accessed. Make sure you know what is on your report before you apply. Mistakes, theft and overlooked obligations can cause unexpected damage to your credit history. If you find any suspicious or inaccurate information, file a formal dispute with each of the three credit bureaus. Improving poor credit can be a long and arduous process. If you have struggled through a period of financial difficulty, or even filed for bankruptcy, your ability to obtain credit may be compromised long after you have gotten back on your feet. Luckily, the realities of a highly competitive market and an ever-changing economy have made most lenders less squeamish about making loans to a consumer with less than exemplary credit. Additionally, there are measures you can take to improve your credit file, such as refusing to get bogged down in shame or regret and getting to work instead.
Read our latest Credit Report Article and Credit Repair Article. |
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Product: Lexington Law Firm  |
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Service: Credit repair assistance
Lexington Law Firm is a real law firm. When you retain Lexington Law Firm you complete a legal retainer agreement which provides you all the protections and assurances of an attorney/client relationship. They have helped 80,000 Americans repair their credit reports by removing inaccurate, misleading, or unverifiable information. These include bankruptcies, slow pays, charge-offs, and tax liens. They have challenged virtually every credit problem under the sun — and deleted over 600,000 such items to date.
- Unlimited disputes
- Full refund policy
- Choose which items to dispute
- Sit back and relax
Lexington Law Firm | |
