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CREDIT REPORTS
Did you know that you are entitled to a free copy of your credit report
each year from each of the three major credit bureaus? You can order
your free annual credit report using one of the three methods below:
1. Online at http://www.annualcreditreport.com/
2. By calling 877-322-8228 or
3. 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.
Your credit report is an electronic record of your credit activities.
These activities range from borrowing to buy a car or a home to applying
for a loan or credit card. Every time you apply for a credit card or
other loan, it registers as an inquiry on your credit report, even if
you are turned down for the loan.
A credit report is a record of how you use credit, how much of it you
have available and how timely your payments have been made.
CREDIT REPAIR
Information remains on a credit report for 7 years in most cases, and up
to 10 years in a Chapter 7 Bankruptcy case and may hurt the chance
of getting additional credit.
When negative
information in your report is accurate, only the passage of time can
assure its removal.
Sometimes, credit reports omit steps that
borrowers have taken to improve their credit, or contain errors.
It is important to review your credit reports at least once each year.
Sometimes information in credit reports may be out of date or
inaccurate. You are entitled to have such outdated or inaccurate
information removed from your report. You may write to the credit bureau
asking them to reinvestigate and confirm such information. Generally,
they must comply with your request within 30 days. When you order
your credit report, the three major creditor bureaus each provide you
with a form you can use to dispute outdated and inaccurate information.
Accurate negative information can generally stay
on your report for 7 years with certain exceptions. Bankruptcy
information may be reported for 10 years.
To get more information to repair your credit, click the
link below.
