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How To Easily Raise Your Credit Score 75 points
By Vincent Dail
Clean Credit Reports, your credit report contains
information about where you work, live and how you pay
your bills (On time or not). It also may show whether
you've been sued, arrested or have filed for bankruptcy
with in the last 10 years. Companies called consumer
reporting agencies (cra) or credit bureaus compile and
sell your credit report to businesses all over the world.
Clean Credit Reports, many financial advisors suggest
that you periodically review your credit report for
inaccuracies or omissions. This could be especially
important if you're considering making a major purchase,
such as buying a home. Checking in advance on the
accuracy of information in your credit file could speed the
credit-granting process, clean credit is a must.
Because businesses use this information to evaluate your
applications for credit, insurance, employment, and other
purposes allowed by the Fair Credit Reporting Act (FCRA),
it's important that the information in your report is
complete and accurate.
Whenever you apply for any type of credit or financing, a
credit report is pulled from at least one of the three major
credit bureaus. You want a clean credit report to be
pulled. While there are hundreds of smaller credit
bureaus around the country, virtually every credit bureau
is affiliated with either Experian, Trans Union, or Equifax.
Getting Your Clean Credit Report
If you've been denied credit, insurance, or employment
because of information supplied by a credit reporting
agency, the FCRA says the company you applied to must
give you the agency`s name, address, and telephone
number. If you contact the agency for a copy of your
report within 60 days of receiving a denial notice, the
report is free. In addition, you're entitled to one free copy
of your report a year.
If you simply want a copy of your report, call each credit
bureau listed since more than one agency may have a file
on you, some with different information.
The three major national credit bureaus are:
Equifax, P.O. Box 740241, Atlanta, GA 30374-0241; (800)
685-1111.
Experian (formerly TRW), P.O. Box 2002, Allen, TX 75013;
(888) EXPERIAN (397-3742).
Trans Union, P.O. Box 1000, Chester, PA 19022; (800)
916-8800.
Correcting Errors For Clean Credit.
To protect all your rights under the law and to keep your
credit clean contact both the CRA and the information
provider.
First to get clean credit reports, tell the credit reporting
agency in writing what information you believe is
inaccurate. Include copies (please keep your originals) of
documents that support your position. In addition to
providing your complete name and address, your letter
should clearly identify each item in your report you
dispute, state the facts and explain why you dispute the
information, and request deletion or correction. Always
keep copies of your dispute letter.
They must reinvestigate the items in question, usually
within 30 days, unless they consider your dispute
frivolous. They also must forward all relevant data you
provide about the dispute to the information provider.
After the information provider receives notice of a dispute
from the CRA, it must investigate, review all relevant
information provided by the CRA, and report the results
to the CRA. If the information provider finds the disputed
information to be inaccurate, it must notify all nationwide
CRAs so they can correct this information in your file.
Disputed information that cannot be verified must be
deleted from your file, then you will recieve a clean credit
report, with that item removed.
If your report contains erroneous information, the CRA
must correct it(clean credit).
If an item is incomplete, the CRA must complete it. For
example, if your file showed that you were late making
payments ( 30 days or more), but failed to show that you
were no longer delinquent, the CRA must show that
you're current.
If your file shows an account that belongs only to
another person, the CRA must delete it.
When the reinvestigation is complete, they must give you
the written results and a free copy of your clean credit
report, if the dispute results in a change. If an item is
changed or removed, they cannot put the disputed
information back in your file unless the information
provider verifies its accuracy and completeness.
Also, if you request, they must send notices of clean
credit report corrections to anyone who received your
report in the past six months. Job applicants can have a
corrected copy of their clean credit report sent to anyone
who received a copy during the past two years for
employment purposes. If a reinvestigation does not
resolve your dispute, ask the CRA to include your
statement of the dispute in your file and in future reports.
Second, in addition to writing to the credit angency, tell
the creditor or other information provider in writing that
you dispute an item. Again, include copies (please not
originals) of documents that support your position. Many
providers specify an address for disputes. If the provider
then reports the item to any credit reporting angency, it
must include a notice of your dispute. In addition, if you
are correct that is, if the disputed information is not
accurate the information provider may not use it again,
thus you will have a clean credit report.
When negative information in your report is accurate,
only the passage of time can assure its removal. Accurate
negative information can generally stay on your report for
7 years.
Clean Credit: There are certain exceptions:
Bankruptcy information may be reported for 10 years.
Information about criminal convictions may be reported
without any time limitation.
Credit information reported in response to an application
for a job with a salary of more than $75,000 has no time
limit.
Information about a lawsuit or an unpaid judgment
against you can be reported for seven years or until the
statute of limitations runs out, whichever is longer.
Criminal convictions can be reported without any time
limit.
Credit information reported because of an application for
more than $150,000 worth of credit or life insurance has
no time limit.
Adding clean credit accounts to your file:
Your credit file may not reflect all your clean credit
accounts. Although most national department stores and
all-purpose bank credit card accounts will be included in
your file, not all creditors supply information: Some travel,
entertainment, gasoline card companies, local retailers,
and credit unions are among those creditors that don't
report clean credit.
If you've been told you were denied clean credit because
of an insufficient credit file or no credit file and you have
accounts with creditors that don't appear in your credit
file, ask the CRA to add this information to future reports.
This will help get you on the road to a clean credit report.
Although they are not required to do so, many CRAs will
add verifiable accounts for a fee. You should, however,
understand that if these creditors do not report to the
CRA on a regular basis, these added items will not be
updated in your file.
About the Author
Vincent Dail gives you the clean credit answers you need, today! Learn the secrets that the credit bureau's dont want you to know! To receive your special report visit: http://www.debt-elimination-program-reviews.com
Article Source: http://www.simplysearch4it.com/article/6024.html
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