Credit Reports Galore - denied free experian equifax

Jeremy Englewood asked:


It isn’t Christmas, but did you know that there may be entries in your credit report that are much like the ghost of the Christmas past? This is especially true if you make credit applications, even for just a simple credit card, in too short a timeframe. Let’s look at a scenario.

Let’s say you’ve been able to keep your credit score in good shape, you’ve got one credit card, no loans, and you’ve just been promoted and got a hefty raise. So you want to treat yourself a bit to a new car and sell your old clunky one. Why not add in a new credit card? So you go off to that wonderful world of the internet, fill up and submit several credit card applications – not one, but six of them.

If your personal credit report already looks good and your credit score is something to be proud of, chances are you’ll get approved on several of the applications you filed. But wait – think about what this will do to your credit score! For every credit application you filed, several points will be taken away from your score. Credit experts say that the number of points our credit score will be affected by credit inquiries depends on your credit history and overall profile. This means that if you’re a high scorer, your score could be dinged by just 5 points for every inquiry, but if you’ve got a low credit score it could be higher. And, the number of inquiries matters too. Lenders will think twice about granting you credit if you have many inquiries into your instant credit report. They say that statistically, people who have six or more inquiries into their reports are more likely to declare bankruptcy than those who don’t have any.

Credit inquiries are likely to stay in your report for about two years. So those six credit applications, plus three inquiries from car dealerships you’ve talked to while window shopping for a new car, that means nine credit inquiries. Now do the math: nine inquiries at 5 points each, that means 45 points taken away from your credit score. Then, these inquiries will remain in your free instant credit report for two years. Somehow, that doesn’t seem so good anymore.

Have you submitted any credit application or inquired about credit cards, loans, or mortgages lately? The best thing to do is to get your credit report for free and then scrutinize all your credit inquiries. Try to recall the circumstances relating to each inquiry. When you were at the car dealership, did you expressly state that you were going to buy your car from them? Did you give out your credit information without thinking twice even though you were just window shopping? Many of us make the mistake of giving away our confidential information without thinking carefully before we do. That careless disclosure of your credit information to the car salesman just cost you about 5 points from your credit score.

Think twice about disclosing your financial and credit information to any lender. Learn where to get your free instant credit report and how to check your credit report for errors so that you can improve your credit profile and raise your score.



LANCE

Steve Evans asked:


et your free online Experian Credit Report at the FreeCreditReport web site when you sign up for a free trial of Triple AdvantageSM Credit Monitoring. Simply fill out your information for identification purposes, answer a few questions and your credit report will be available to you on-line, in no time at all, once your identity has been confirmed.

Your Username and Password will enable you to view your credit report on some of these services for 30 days over the Internet in the most secure environment that they can provide. You will also have access to an array of benefits located in services like - My Credit Center.

Getting your free Credit Report and Credit Score is the first step in knowing your credit. Monitoring your credit report allows you to stay on top of your credit on a daily basis.

You should do this to take the guesswork out of what/\’s happening with your credit.

Your credit is one of your most important assets. Having good credit means you should have more options to borrow money at the lowest cost and from the best lenders. It also means that others who look at your credit such as landlords, insurance companies, or even prospective employers re less likely to turn you away or penalize you because you have poor credit.

Your personal credit report contains such information as your name, current and previous addresses, phone number, Social Security number, date of birth, and current and previous employers. Your spouse/\’s name may appear on your version of the credit report, but it will not appear on the version that is provided to others. This information comes from your credit applications, so its accuracy depends on your filling out the forms clearly, completely and consistently each time you apply for credit.

Creditreport.imess.net is worth a try. Many people say they have used it to monitor their credit and some have said that they also cleaned off some bad items from their credit report. You can apply for a free initial plan and get your scores and reports for free.

In all your thoughts about credit reporting do keep in mind there are 3 reporting agencies. If you keep track of when you pull each of the three then you can spread it out to one every 4 months. That would be ideal if you could do that.

Freecreditreport.com, Experian, Transunion, Equifax are all in it to make some money from providing these reports. So many people are asking where they can get a genuine free credit report without having to give up my credit card information and sign up for some monthly membership or a dumb “identity theft monitoring alert” service?

Unfortunately, in order to get your credit report a lot of the websites ask for your credit card information. They do that so when you sign up for a free trial if you don/\’t cancel within that time they can charge your account. Myfico.com is one of the best ones out there. I understand that users have reported that they signed up for there free 30 day trial and also cancelled it before the 30 days was up and indeed didn/\’t get charged anything.

What is a free credit report?

The answer lies in the last three words of your question and is self-explanatory. A free credit report is when a credit bureau provides an individual a copy of their credit report without a charge.

It/\’s exactly what it says it is. A free credit report.. in other words, you don/\’t have to pay for it.

Am I entitled for a free credit report?

I am not sure whether this is correct, but I have been told that residents of Colorado, Massachusetts, Maryland, New Jersey, and Vermont are entitled under state law to one free report per year from a credit reporting agency. If you are a resident of Georgia, you are even entitled to more reports at two each year.

This is very useful especially if you have been denied credit on the basis of information in a credit report.

Who is eligible?

I am not a legal expert but I did find a statement on the web that said that based on the Fair Credit Reporting Act, sections 612 (b), (c), and (d), you are entitled to one free credit report per year directly from a credit reporting agency only if you certify that you are unemployed and seeking employment in the next 60 days, you are receiving public assistance, or you believe there are inaccuracies in your report due to fraud or have been denied credit because of information on your credit report. To get your free credit report, go directly to a credit reporting bureau and have proof of the criteria that entitles you to receive your free credit report.

Information here should not be construed as advice and it is offered without legal responsibility or liability. It must be emphasised that you should consult a professionally qualified individual or company (such as an accountant, financial adviser or solicitor for example) should you need advice on your financial situation, as they will be able to tailor their advice to your situation accordingly.

PERCY