|
Getting out of debt is the
first and most important step. The next one is restoring your
credit. Many companies will help you dispute any inaccuracies
on your credit report and in doing so, will help to remove unwanted
negative information. This is done by contacting each of the primary
credit bureaus and disputing any inaccuracies on your credit report.
Upon notification, the credit bureaus must verify the accuracy
of the information in question. If they cannot verify the accuracy
of an item, it must be permanently deleted from your credit file.
Anything inaccurate can be removed from a credit
file including bankruptcy, judgments, collection accounts, liens,
foreclosures, and late payments. Federal law requires that your
credit report be accurate, complete, and verified. If it is not
accurate, there are companies that will challenge everything in
question with the ultimate goal of having erroneous information
removed from your report.
www.transunion.com
www.experian.com
www.equifax.com
Get a free credit Report!
Your credit score tells you how lenders view your
credit worthiness. Checking your credit report will highlight
any inaccuracies and protect you against identity fraud.
Regulators Seek End to Shady Credit Score Sites
Mortgage regulators are trying to crack down on Web sites that connect home shoppers to a stranger's credit card or rent out well-stocked bank accounts .
45% of consumers do not know their credit score
According to Bank Rate, national poll indicated that almost half of American consumers did not know their credit score. They also found that 32% of United States citizens have never checked their credit report. |
