Blue Financial Promotes More Exposure for FTC's Free Credit Report Program
Phoenix, AZ (ContentDesk) October 23, 2005 -- Blue Financial says The Fair Credit Reporting Act (FCRA) requiring each of the nationwide consumer reporting companies - Equifax, Experian, and TransUnion - to provide consumers with a free copy of their credit report is the best thing to happen for consumers in years.Hal Jolley, President Of Blue Financia says, "Your credit report includes information on where you live, how you pay your bills, and whether you've been sued, arrested, or filed for bankruptcy. Nationwide consumer reporting companies sell your information to creditors, insurers, employers, and other businesses that use it to evaluate your applications for credit, insurance, employment, or renting a home." "Every consumer should check their report for accuracy," Jolley says, "Every single consumer should order their free report online at annualcreditreport.com, by calling 1-877-322-8228, or by completing the Annual Credit Report Request Form and mailing it to: Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281."Mr. Jolley advocates personal financial self-control, lower consumer debt, decreased spending on credit cards, and achieving better credit scores by eliminating unnecessary expenses. About Blue Financial:Blue Financial was founded in 2002 to provide Arizona homeowners with less than perfect credit a place to borrow money at low rates, and to assist homeowners, through a refinancing transaction, to move toward the path of financial freedom by consolidating their debt, improving their monthly cash flow, and improving their credit history.
Interview Contact: Hal Jolley480-682-2585.
Fixing A Credit Report - Quickly
Fixing a credit report starts with seeing what's on it. You may get access for free online. Try a search for "free credit report." Alternately, when you are denied credit based on a report issued by a local credit reporting agency, you can request a free credit report from that agency within 30 days. A quick look and you'll have an idea why you were denied credit. Now how do you fix what you see? What if you find incorrect information on the report? What if you want to change information that is accurate, but unfair?First, if there is anything you want to dispute in the report, you can write a letter to the agency.
Tell them exactly what is incorrect, and they must investigate. Send copies of any documentation, such as canceled checks, and send it all by certified mail.The agency must contact the source of the disputed information. If they recieve no confirmation within 14 days, they must delete the item from their files, and send you an updated report. You can demand that they...
Fixing A Credit Report - Quickly
Credit report > Fixing A Credit Report - Quickly
How To Repair Your Credit Report
A credit report is run on a buyer when he or she needs to buy something that will take a long-term loan, such as an automobile or a house. The credit report can come from one of three agencies ? Equifax, Experian, and Trans Union. Each of these three agencies uses their own techniques of arriving at a credit score and receiving credit information, so attention should be paid to all three. A credit report score can go up to 800, and an increase of 50 points is a big one, enabling borrowers to get loans they previously were denied, and getting loans at much better interest rates. A 1% drop in an interest rate on a $150,000 house, for instance, may drop a payment by over $100 a month, saving the borrower over $35,000 over the life of the 30-year loan.Each of these credit agencies have taken all the financial information they can find about you and tabulated a credit score from those results.
Information will include your current and previous home addresses and employers, the credit...
How To Repair Your Credit Report
Credit report > How To Repair Your Credit Report
How To Report An Error On Your Credit Report
Have you been turned down for a loan recently? Have you applied for store credit and been refused? Did you really want that car and find out that because of your 'credit score' that they would have to require an unreasonable down payment? Credit reports are designed to help businesses evaluate the risk factor in giving you money or valuable products on a line of credit. The Fair Credit Reporting Act promotes the accuracy, fairness and privacy of information in the files of the nation's credit reporting agencies. The act is enforced with regard to the consumer's rights and requiring new responsibilities for the credit reporting agencies. For example, a reporting agency must give you a copy of your report and they must provide a list of every inquiry about your credit report within the last year. The agencies collect data on personal identification (name, address, social security number, current employer, etc), payment histories with all current and closed lines of credit that details...
How To Report An Error On Your Credit Report
Credit report > How To Report An Error On Your Credit Report
Top 5 Reasons To Check Your Credit Report Regularly
#1 Make sure mistakes aren't hurting your credit.Reviewing your credit report can help you avoid costly errors.
In one recent study, more than 50% of the credit reports checked contained errors. Other studies have shown similar results with as high as a 70% error rate. The most common error occurs when the information of another person, with a similar name or account number, is recorded in your credit profile.#2 Track your history of payments.Potential lenders want to see a history of timely payments before they'll consider offering you a loan or credit.
Check your report to see that your payments are being reported accurately to the credit reporting agency (CRA).
A history of late payments will result in higher interest rates being charged or having your credit application or a loan denied.
Late payments will also lower your FICO score.#3 Protect against potential identity theft.Identity theft has become the fastest growing crime in our nation....
Credit report > Top 5 Reasons To Check Your Credit Report Regularly
Holiday Spending and Credit Report Scores
(ContentDesk) November 23, 2005 -- It is unwise to attempt to ruin anybodys magnanimous spirit with the approach of the holidays. This is the time for giving and exchanging of gifts, and what an immense feeling of contentment that is derived knowing that gifts have gone to help somebody in need! Unfortunately, too, this is the time of the year to be most fearful of. Consumers over-stretch their budgets, max out their credit cards and some even over-spend their credit limits with disastrous consequences on their credit report scores. Others have their identities stolen and they dont realize it until it is too late.Everywhere, consumers are encouraged to throw caution to the winds and are lured into spending like there is no tomorrow. Even the press gets in on it with daily analysis of whether or not this is going to be a bumper harvest for retailers and, for that reason, an indicator of consumer confidence and of a strong economy.
Spending wisely and frugally at all times is...
Holiday Spending and Credit Report Scores
Credit report > Holiday Spending and Credit Report Scores
Why Fix Your Credit Report
Your credit report is a statement of your financial status. Whether you are applying for a loan or looking for employment, your credit card will be taken into consideration. Your credit report is compiled by any of the three nationwide companies: Equifax, Experian and Trans Union. A report of all your financial transactions and to whom you owe money is made to these companies by information provider companies - such as banks, insurers, creditors and employers.
Credit Reporting Agencies (CRAs) provide you with a free annual copy of your credit report. CRAs also sell it to employers, banks, insurance companies, and others.
Your future financial transactions, therefore, depend completely on your credit report. In this scenario, it becomes imperative that any errors in it must be fixed immediately. For example, most landlords will consider your credit rating before leasing you an apartment. A negative report will, in this case, become a hurdle in your renting an apartment.
Credit report > Why Fix Your Credit Report
Credit report
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