Credit Reports Galore

Lisa Nichols asked:


Your credit report and your credit score are used by a variety of businesses to help them learn more about you. Anyone with a business need and your permission is allowed to see your credit report or credit score. In some cases, your permission isn’t even needed for someone to view your credit history.

When Your Permission Isn’t Needed to View Your Credit Report

Lenders and credit card companies partner with the credit bureaus to be able to send customers promotional offers. These companies don’t need your permission to view your credit report. You’ve already provided them with tacit permission to review your credit history by not submitting a request to be taken off their mailing lists. This request form is available from each of the three credit bureaus.

Prospective Landlords Can See Your Credit Report

Landlords are allowed to run credit reports and background checks on prospective tenants. Landlords use this information to decide if they want to rent to applicants. If a credit report has issues or problems, a landlord may still choose to rent to the applicant, but he or she is legally allowed to charge an additional fee or increased security deposit.

Hiring Companies and Insurance Companies Can See Credit Reports and Scores

Hiring companies and insurance companies can see your credit score or credit report. Hiring companies use the information contained in a credit report to get a big picture view of prospective employees. Insurance companies use information they see on a credit score or credit report to help determine rates and eligibility for insurance. Both types of businesses must request permission in writing before reviewing a credit report; this is usually part of a job application or an application for insurance.

Lenders and Creditors Can Review Credit Scores

Lenders and credit card companies can review credit scores and credit reports to determine credit worthiness when you’ve applied for a loan or a credit card. In addition, if you have open loans or credit card accounts, those lenders and creditors can also review your credit to monitor changes.

Experian Triple Advantage Allows You to Review Credit Report

See what others are seeing when they review your credit report with Experian Triple Advantage. Order a copy of your credit report and credit score online. Then, use customized tips provided by Experian Triple Advantage to improve your credit score.



RAMIRO

Maggie P asked:


My father took out a credit card in my name with an $800 credit limit. It is maxed out and over about 160dollars! I found out about it tonight only after having investigated my credit report online. He didnt’ tell me at all about the credit card. I live with him and my mother. They put a roof over my head and food on the table so I dont want to get him in trouble with the law but It makes me so angry he did this. He’s having a few debt problems himself and that’s why I am afraid he’s going to skip out on making payments and It will ruin my credit history. I dont even have a job to pay for this myself that just makes me even more worried !
I dont want my credit ruined before I even get started for the future.
What can I do about this situation?

BEAU

destructfashion asked:


I just turned 18 about 10 days ago, and I tried opening a checking account with bank of America, but received the following notification a few days later:

“We are unable to open your account(s) at this time. Our decision was based in whole or in part on information obtained in a report from a consumer-reporting agency.”

I’m assuming this means that it wasn’t opened because of information on my credit report. However, up until this point I haven’t been able to sign up for anything that involves credit, so shouldn’t I not really have a credit report? Considering that a checking account just involves me using money in my own account, I don’t know why it would be turned down based on a lack of credit.

Also, I tried checking my credit report online but every site requires a credit card number (even if the service is free), and I don’t have a credit card because I was a minor until about a week or so ago. So I don’t know how to check my credit report either.

Any tips on either of these things?

FELIX

Sally asked:


Hey Landlords —

Was wondering if anyone could suggest a site that is good for doing online credit checks on tenants. There are so many sites out there that offer them; I’m not sure exactly what I’m getting. Obviously, I want to get all three reporting agencies (if feasible), and I want a low price. I’ve seen the price on credit checks range from $9.95 to $29.99. What is reasonable?

Any specific Web sites anyone could point me to? Can you get the reports directly through the reporting agencies? It seems like most of these Web sites I’m finding are third parties. What would be the benefit of using a third party site?

I’m a new landlord. I’ve had no problem requesting my own credit report in the past; but this seems to be a totally different process. Please help!
By the way; I’ve received rental applications which have all the essential information like DOB, drivers license number, social security and all that. They have signed the applications which include consenting to a credit check.
But, no I don’t have their mothers maiden names or anything.

EMILE

Anna Josephs asked:


Free credit report is in many countries, credit report is a record of an individual’s or companies which has the record of past borrowing and repaying, including information about late payment and bankruptcy. Having a good credit saves your money. And one should have a credit report to see actual where your credit stands. Accessing you credit report will not adversely affect your credit score.

Credit report helps finance company to take a decision of whether or not to lend money to someone. The free credit report may be converted to numerical credit score as higher credit score indicates less risk so these score can be used as rating device.

People love to have their credit report as it is the only thing they know the most about. In credit report there is many things which we are not aware of. If want a proper answers for your question then visit online sites where you can get all the detailed information related to your credit report.

Many online sites provide you free credit report you just have to fill the online form. Once you have completed the online form just submit it and they will confirm it and then send you credit report. Previously the law didn’t allow having copies of credit report but now you can get copies of your credit report which is a plus point.

Many consumer some times provide incorrect information to credit bureau when they use internet form. They won’t give a proper detail like their credit card account number, mortgage lender or the exact amount of their last mortgage payment it’s because internet is cautious and do not except the incorrect information and your form get rejected.

It’s important that you provide your correct information to the credit bureau so they are not sending out credit report to the wrong people.

Anna Josephs is a freelance journalist having experience of many years writing articles and news releases on various topics such as pet health, automobile and social issues. She also has great interest in poetry and paintings, hence she likes to write on these subjects as well. Currently writing for this website Free Yearly Credit Report. For more details please contact at annajosephs@gmail.com



BROCK

Mike Trudeau asked:


You’ve probably seen the many advertisements that promise, a free credit report. You may have asked yourself, how is it possible for all these companies to offer these attractive free services? The answer is, like a lot of things; there is a catch. The catch, of course, isn’t an obvious one, when it comes time to sign up for a free credit report. What many of these unscrupulous companies do is they get you signed up for a free credit report first. Many consumers are finding out the hard way that they have been taken with things like recurring billing and the like. This is how a large number of companies offering free credit reports make their money.

Fortunately, there is a solution to this. Due to numerous consumer complaints the government has provided a resource that allows you to get a truly free credit report. By going to annualcreditreport dot com you can get a free credit report, thanks to our government. The only drawback, however, is that you can only get one free credit report once a year from each of the three credit reporting bureaus.

So, you may be asking, why is it important first time home buyer to get a free credit report? Your credit report shows a complete history of your credit. In some cases, this is gratifying, and others it is disturbing. Regardless of how great you think your credit is it’s always a good idea to check your credit. With identity theft on the rise, checking your credit regularly is more importance than ever. Getting a free credit report, the right way, doesn’t cost you a thing. What it does for you is allow you to see if there are any issues on your credit history. This can be particularly important for the first time home buyer. If you have unresolved issues looming on your credit report it could negatively affect your credit score, resulting in a higher mortgage rate. And assuming that getting the lowest rate on your mortgage is important, you’ll want to make sure your credit is squeaky clean.

It is not at all uncommon for individuals to find mistakes on their credit report. These mistakes can be cleared up, relatively easily with your creditors. You may have an unresolved bill that’s holding your credit down. Even the smallest of unpaid bills can have a negative affect on your credit. All these things can go unresolved if you’re not on top or credit report. Discovering these issues helps in the process of improving your credit so that you get the lowest interest rate possible on your home loan.

Things are hard enough the first time home buyer. You have to come up with a large down payment. You have two get approved for a loan. You have to cover closing costs. The list goes on. Getting your credit straightened out is one of the easiest ways to get on track for the first time home buyer.

After you make sure you have no credit issues, or you get any unresolved issues straightened out, you’ve taken the all-important first step. There are many first time home buyer programs available. Some allow for lower down payments or lower interest rates when it comes to buying your first home. You can withdraw money from qualified plans early if you’re a first time home buyer. There are even some grants in specific states available. Do some homework and be sure to take advantage of these programs, it can save you substantially. And with the cost of real estate, and just how hard it is to be a first time home buyer, you’ll need every advantage you can get.



SANTOS

Tarun Jaswani asked:


It is important to be aware about your credit score before looking to apply for mortgage or availing the facility of credit card. It is really a good idea to verify credit rating from different credit bureaus at different period of time in order to secure the identity, which can be very beneficial in preventing identity theft. Identity theft is possible when unknown person pulls out the credit report of individual for different reasons such as taking mortgage or availing credit card services which can ruin the credit rating of the victim if the accused person makes irregular payments on mortgage or credit card existing debts.

Credit report provides all the details to the people regarding their credit status in the market after taking into consideration all the transactions.These transactions are related to the credit taken by the borrowers for their personal as well as commercial purposes.

The credit reports are usually provided by credit bureaus to all the financial institutions, banks, mortgage lenders of different lending institutions, credit card companies, who deal with people on the basis of their creditworthiness.

The report can be accessed by the individual if he is not working from last 60 days or looking to join somewhere professionally in next 30-45 days. The person need to apply for free credit report if his credit rating is very poor or marginal.

The people are provided with mortgage, credit cards and many other facilities on their basis of their credit report in the market.Availing the service of free credit report results in continuous credit inspection of the people,which results in avoiding bad credit report in the market.

Credit status can be accessed from any of the main credit bureaus available in the market, which are Experian, Equifax and TransUnion after every financial year. This can ensure the individual that there correct credit report has been provided to different banks, financial institutions and prominent mortgage lenders in exact relation to their financial strength.

The report also protects the people from theft of their identity in the city, avoiding any sort of mis happening.

There are many credit check programs,which are arranged for the people in the country to get provided with free credit report. All the major credit reporting organizations mainly credit bureaus launch their website along with their toll free number and mailing address of credit bureaus.Consumer need to request the report from three different credit bureaus at the same time or some different scenarios according to the requirement.

The free credit report is provided to the consumers at that point of time if they apply for their credit scores instantly at their respective websites of specific credit bureau. Applicants have to be cautious regarding their typing mistakes, which can lead to expenses. It is because of providing the information in the wrong website related to free credit report status,that individuals get charged for credit report which is actually free.

There are many people who can apply for free credit report over the toll free number or mailing them at the provided address, it takes at least 15 days of time, which is provided on the basis of time period required by the credit bureaus to extract the credit detail of each applicant.



VICENTE

Helen Hecker asked:


If you want to get rid of negative credit you can easily take a few steps to completely turn it around and see a significant improvement in your credit score. Thousands of people face the same problems and assume it takes a credit professional or credit repair service to do it for them. These offline and online credit services don’t come cheap and often people spend their hard-earned money trying to fix negative or bad credit.

First of all you may not know what is actually on your credit report today. You may assume you have bad credit based on your payment history in the past or you haven’t had the courage to get a copy of your credit report even though it’s free. Many resist this because of the fear of what they think they may find. However you may be surprised. There may be entries on your credit report that are totally false and can be easily corrected or there may be entries you can easily change with a little documentation.

Really it’s not that difficult to get these corrections taken care of on your credit report. You can actually take care of it pretty fast and it won’t cost you a dime other than a first class stamp. In actuality you can do a better job than any credit repair clinic because you’re in the position to actually add some positive credit marks to your report if you know how to do it and I’ll explain below.

Okay these are the 3 simple steps to repair your credit history.

1. First get a copy of your free credit report if you don’t already have a CURRENT copy. Everyone is entitled to a free credit report every year according to federal government laws. You can get an absolutely free annual credit report online instantly at the approved Web site: type in ‘annualcreditreport’ and then a dot and then com. You’ll be able to print it out as soon as you provide identification.

You can also call 1-877-322-8228. When you call you’ll get an automated service. Know what phone number you’re going to use as that is a requirement in the process. However it will take about 15 days to get the report. You can also write but instant online or calling is easiest. This free service is sponsored by the three credit reporting agencies - Equifax, Experian and TransUnion.

Now you must know that you won’t get your credit rating or score when you get the report. There is an additional charge to get a score. However if you recently applied for credit and were turned down, call the lender and ask what your score is. You can usually find out that way for free.

Once you have your credit report in hand, sit down and note any negative items or anything that doesn’t seem right to you. You may find a few mistakes, sometimes even with your birth date or other personal information. These are easily corrected. There can be some totally false information such as credit information for someone else with the same name or similar name.

2. Write a dispute letter. It’s easy to write a dispute letter. If you’re not sure how to do this, sit down and pretend you’re writing a letter to a friend. It does not have to be fancy and it can be in your own handwriting if legible or typed out. Don’t make it too hard. Make a list of the bad credit marks or wrong information that you want to dispute. Make sure to keep it as short as possible and don’t add any fluff. Get the facts as you know them. If you have any documentation to include to ‘back you up’ then add this or include copies with your dispute letter.

When the credit bureau gets your letter they will do an investigation and will either verify the item in question and remove or fix it - or they will be unable to verify the negative credit information to remove it.

If they notify you that they are unable to verify any negative credit mark thus not removing it, then you can still dispute it by sending another letter asking how they arrived at their decision. This is called a ‘method of verification’ or sometimes ‘procedural request’. If the dispute is regarding a creditor the credit reporting bureau and the creditor must both provide you with adequate proof of their decision. Otherwise they are required by law to remove the negative credit mark from your credit history.

3. How to get positive credit marks on your credit report. This is simple to do over a period of a few months to start building a positive credit history. Get department store and/or gas credit cards and use them. Pay them off on time. Make note that these usually come with higher interest rates so compare rates first. Pay a little more than you owe and pay a little early. Paying online ensures that your payment arrives and is not lost in the mail.

Keep a bill calendar and write on it when payments are due and another notation on the calendar a few days before so that you make the payment online early. If you wait till the last minute, the Web site may be down for maintenance or their may be other network issues. But in any event make sure to make the payment before it’s due. Try to get an installment type of loan or automobile loan through your bank or credit union.

Be aware that if you try to buy a car or other vehicle that the car dealer will contact several lenders to get the best interest rate and EACH one of these will contribute a mark to your credit report. This can affect your credit score, also called FICO. So try to get a pre-approved loan before you head to an auto dealer. If you can do this over a few months you will build up a recent and good credit history fast. No credit repair service will be able to build up this positive history for you.

For additional help removing or erasing negative credit you can easily get a good credit repair guide that will help you read and dispute the report and will cost pennies as opposed to a credit repair service which can cost you significantly. And a service can’t do it as well as you can or add positive credit marks to your credit history. Sit down now if you already have the credit report right and do a quick letter before you start dwelling on it. You can do it! And YOU can do the best job. The faster you take action the sooner you’ll see a turnaround.



PABLO

The-Mom asked:


My friend has a neighbor that used a credit card from a piece of paper with a person’s credit card info and charged about $150 worth of stuff.What will happen if they get caught?I am torn about whether I should report it.

CLAIR

majorie asked:


Is there any way possible to get a totally free credit report online with no strings attached? How can I get a truly free credit report online?

CRAIG