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5 Things How Credit Report Rating Can Save You From Fictitious Credits
5 Things How Credit Report Rating Can Save You From Fictitious Credits Let us see the bigger picture why there is a stirring need to check our credit report rating. To know the creditworthiness of an individual, lenders rely on credit report scoring...
Charity Fraud
Charity fraud does a lot of harm. The con artist takes advantage of people's good will and takes their cash - money that was meant for people in need. You can make sure that any money you give gets into the right hands. Just remember these tips when...
Guide to Buying a Home
Before you rush out to purchase a home, there a few tips that might help you get a great deal on the home of your dreams.
First, before anything else, it would be in your best interests to talk with a lending company and receive a...
How to Protect Yourself from Credit Card Fraud
When another person succeeds in using your credit information to commit credit fraud, it can cause a lot of hassle in your life. So how do you protect yourself.
Here are a few tips on how to avoid becoming the victim of this type of crime.
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Identity Theft OR Will The REAL Me Please Stand Up!
There is a new thief on the block. An identity thief and YOU are at risk!
There is a new thief on the block. An identity thief and YOU are at risk!
Identity Theft is the fastest growing crime today and is effecting approximately 900,000...
Sarbanes-Oxley: The Wrong Solution To A Legitimate Problem.
Sarbanes-Oxley Act or the accountant full employment act as I
like to call it, refers to legislation introduced by Senator
Paul Sarbanes (D) MD and Representative Michael Oxley (R) Ohio
and passed in July of 2002 in response to the Enron and...
The 5 W's of World Class Customer Service Training
The preamble to the United States Constitution begins, ¡¥we, the people.¡¦ I feel strongly that we, the people, are what make the difference in life, both personally and professionally. The interaction anyone has at any level with your...
The Blessings of the Black Economy
Some call it the "unofficial" or "informal" economy, others call it the "grey economy" but the old name fits it best: the "black economy". In the USA "black" means "profitable, healthy" and this is what the black economy is. Macedonia...
The Fast Food Connection!
There is a connection between Fast Food & Obesity & this article spells it out so that there is no doubt or misunderstanding!
The Fast Food Connection does exist!
There is a connection between Fast Food & Obesity!
Personal Liberty means...
What I Look For In a Neighborhood When Buying Investment Real Estate
An investor looks for value in a neighborhood. This article contains tips for assessing the neighborhood when buying rehab real estate investment property
I often get the question, "What do I look for in a neighborhood?"
My answer...
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Credit Report – Check Yours Regularly…and for Free
In the twenty-first century, there are few documents that have a greater impact on the lives of Americans then their credit report. Credit rating determines one’s ability to buy a home, a car, or to obtain a credit card or a job. Since these things are important, it is equally important that the information be accurate. The only way to be sure of that is to check the report regularly. Prior to last fall, there were two ways to obtain a copy of your credit report: to pay for one, or to obtain one for free after being denied credit. Thanks to the Fair Credit Reporting Act passed last year, Americans can now obtain a free copy of their credit report from each of the three credit reporting agencies once a year.
Due to anticipated heavy response to the offer of free credit reports, the program has been rolled out in stages. People living in the West and Midwest are already eligible to apply for a copy of their report at www.annualcreditreport.com. As of June 1, 2005, those living in the Southeast are now eligible, and on September 1, 2005, those living in the Northeast will be eligible. All that is required to receive a copy of your credit report is to answer a few simple questions. Since it only takes a few minutes to do, there is really no reason to put off checking your credit report, and you may benefit tremendously by doing so.
The credit score is a single, three digit number that represents an individual’s credit worthiness, and that score is obtained through a complex formula that takes into consideration a person’s borrowing and spending habits and payment history. A high score makes someone more eligible
for loans and credit, while a lower score may indicate that a person is a risk to repay. While the information contained on a credit report is generally accurate, incorrect information sometimes shows up on credit reports, and incorrect information could result in someone who being denied a loan for which they might otherwise be qualified. Furthermore, a credit report check is the best way to determine if you have been the victim of identity theft, an increasingly popular crime that often goes unnoticed for a year or more. If your identity is stolen, your credit rating can be ruined and you can be burdened with thousands of dollars in debt. The new bankruptcy law, which goes into effect in October 2005, draws no distinctions between debt incurred by an individual and debt incurred through identity theft. This alone should be reason enough to check your credit report regularly.
Since the law now allows individuals to obtain one free report per agency per year, anyone who wants to keep a close eye on their credit report can obtain a free report as often as every four months. Since the credit report affects your life in so many important ways, checking it regularly should become a habit.
About the Author
©Copyright 2005 by Retro Marketing. Charles Essmeier is the owner of Retro Marketing, a firm devoted to informational Websites, including End-Your-Debt.com, a site devoted to debt consolidation and credit counseling, and StructuredSettlementHelp.com, a site devoted to information regarding structured settlements.
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