Credit Cards Online Information

Thanks to the Federal Fact Act, consumers nationwide are now able to get annually a free copy of credit report.

Why order for a free copy of credit report?

You credit report is actually your credit history for a period of time. Even though it is just a three-digit number but it has great importance in today's business world. Many money and bank lenders solely depend on your credit report to judge your financial stability to grant a loan. It's quite possible that your credit report may contain some errors and flaws. Remember this small error in your credit report can actually affect your credit history in a big way. In order to overcome this problem you need to get the error rectified as quickly as possible. It's a good idea to request a free copy of credit report at least once in six months.

When are you entitled for a free copy of credit report?

· You are entitled for a free copy of credit report if you have been denied credit
· If you are unemployed and intend to apply for employment within 60 days
· If you are a public welfare assistance
· If you report has been revised
· If you credit report contains inaccurate information due to fraud or theft

It is estimated that at least 48% of consumers have errors in their credit files and 12% of those errors are severe to result in credit being denied. It is unfortunate that these mistakes can actually cause you to be denied a loan, insurance or employment.

Can I get a free copy of my credit report?

· You are entitled for a free copy of credit report if you have been denied cedit
· If you are unemployed and intend to apply for employment within 60 days
· If you are a public welfare assistance
· If you report has been revised
· If you credit report contains inaccurate information due to fraud or theft

How can you fix your credit report?

· Check your credit report at least once in six months and rectify errors in it immediately
· Do not open unnecessary account. It would be advisable to shut down all the unnecessary accounts
· Do not open multiple accounts at the same time. Remember a zero balance account is also taken into consideration.
· Repair your credit report in case of any errors
· Pay your minimum balances before the due date.

# posted by Medical Information : 1:45 AM