Free Credit Report

If you are considering making a major purchase in the future or have applied for financing and was turned down, a copy of your credit report should be obtained. This can determine what is on your credit report. There are several sites online where you can obtain your credit report for a small fee or sometimes free. The following are types of accounts you may see on your report.

Charge-Offs

Accounts you want to work on first are charge-offs. When a company charges-off your account, they have given up and consider it a loss. You will need to contact the creditor and ask for a re-instatement of your account. Let them know why you defaulted on your account and you are ready to begin payments on the balance. Most companies will understand this and will allow you to take care of this. This will be reported to the credit bureaus that you are taking care of this account. If they don’t allow you to re-instate your account, they may ask you to pay a settlement on the account. It is very important, however, to get this statement in writing.

Late Payments

The next accounts to take care of are late payment entries. These can be easy to clear up. Contact the account creditors and let them know why you were late on your payments and the issue has been taken care of so you can make your future payments on time. Ask them if they will remove these items from your credit report if you make your payments on time for a set period of time, such as ninety days. Most creditors should help you to remove these.

Judgments

After you have settled the charge-offs and late payment entries on your credit report, you need to take care of any judgments against you. This is where a judge has ruled in favor of the creditor and it is in the court system that you shall pay the money back to the creditor. In order to remove them, you need to pay them in full. Once the accounts are paid in full, the account will be reported as closed.

Try using one of ABC Loan Guide’s Recommended Companies To Get a Free Instant Credit Report Online.

If you notice any errors on your report, you can also fill out a dispute form with the credit bureaus websites. Once you’ve cleared off the entries on your credit report, you are on your way to better credit. However, you should obtain a credit report at least once a year to check for any discrepancies. To get your credit report, simply go online.

View our recommended sources for Credit Help online. Also, view our recommended companies for Bad Credit Credit Repair.

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Credit reporting agencies maintain electronic records of your credit activities. Today, there are three major national credit bureaus: Equifax, Experian and Trans Union. If you are planning on applying for a loan or credit anytime in the near future, it’s a good idea to obtain a copy of your credit report.


For a fee, you can request a copy of your credit report at anytime by contacting one or more of the major credit agencies. Or you can receive a free copy of your credit report through one of the many credit companies available on the Internet. Our favorite source of information on credit reporting agencies on the Web is www.credit-report-credit-score.com


The Fair Credit Reporting Act was amended a few years ago to beef up consumer privacy. Under its rules, you are legally entitled to obtain your credit report from a credit reporting agency. This includes receiving a list of everyone that has requested your report.


If you have been denied credit based on information in your credit report (the creditor must provide a reason for denial), you have 60 days from the day you receive a denial notice to receive a free copy of the credit report. Additionally, the law also entitles you to receive a free credit report every 12 months if you are unemployed and seeking work within the next 60 days, are on welfare or if your report is inaccurate as a result of credit fraud.


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Note: This article may be freely reproduced as long as the authors bio paragraph at the bottom of this article is included, the article is published “as is” (unedited) and all URL’s are made active hyperlinks with no syntax changes.

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This article was written by Beth Pardue who has over 10 years of experience in the financial industry assisting clients with assorted financial needs. To learn more about credit reports or to get a free credit report online please visit: http://www.credit-report-credit-score.com

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A good credit score can be an asset when you need it most. But if you don’t regularly monitor your credit status, your credit score can become a liability. Have you checked your credit report lately?

By law you are able to obtain a copy of your credit report free every 12 months from each of the three nationwide credit reporting agencies, Equifax, Experian, and TransUnion. The three companies have formed a central agency so that you can request a copy from all of them at once. It’s called Annual Credit Report and can be accessed online.

This free credit report can be a valuable tool in maintaining your lifestyle and can save you money. By monitoring your credit report on a regular basis, you can catch any errors that may have been recorded and see that they are corrected immediately. Also with the increased crime of identity theft, with a vigilant eye on your credit reports, you can catch any funny business early.

There are just a few things you need to do to maintain a good credit score.

-First and foremost, make your payments on time.

-Stick within your budget and manage your debt.

-Do just what you’re doing and monitor your credit report regularly to correct any possible errors.

-Try to avoid any unnecessary inquiries of your credit report, as each request can be marked against your good credit score.

-Reduce your credit card balances if they’re limited out.

-If you don’t have enough credit history, you may consider applying for new credit.

By carefully reviewing your credit report on a regular basis, you can be sure that you maintain a good FICO score. “What is a FICO score?” you say.

The FICO score is the ‘grade’ with which financial institutions use to judge the risk they take when extending you credit. The higher the FICO score, the better. The scores generally range from 499 - 800 plus.

By keeping a close watch on your credit reports, you can help to protect your good credit. Whether it’s a car loan, credit card, or mortgage, your credit score can dictate the interest rate of your new loan. A good credit score can save you money.

About the author: Bradley Carson is the webmaster and editor of Apply Online For A Credit Card at http://www.cards-king.com. A website established to provide concise information about credit cards and credit card offers from premier financial institutions.

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