Ten Things You Should Know About Credit

Understand your rights under the Fair Credit Reporting Act

It is important to understand your rights under the Fair Credit Reporting Act. There are lots of regulations that creditors have to follow before they can negatively affect for Credit Report. Knowing these regulations will always put you in the driver seat and prevent you from becoming a victim. You can download a copy of the Fair Credit Reporting Act here.

  fair_credit_reporting_act.pdf (629.7 KiB, 26 hits)

Know what is on your credit report., including your credit score. Check it regularly – at least once a year!

Here is a download about obtaining free credit reports.

  your_access_to_free_credit_reports.pdf (370.9 KiB, 20 hits)

Did you know that just two negative marks on your credit report could:

-Jeopardize the financing of a new home
-cost you a new job
-Deny you life or auto insurance

Learn how to dispute inaccurate credit here.

  how_to_dispute_credit_report_errors.pdf (484.6 KiB, 30 hits)

Learn how to read your credit report.

Learn how to correct a blemished credit report.

Download these file to learn how to dispute errors on your report and build a better credit score.

  Building_A_Better_Credit_Score.pdf (946.2 KiB, 31 hits)

  how_to_dispute_credit_report_errors.pdf (484.6 KiB, 30 hits)

Every time you apply for credit – or receive a pre-approved credit card in the mail – someone’s reviewing your credit reports. Every review is a strike against you; it will lower your score.

Too much open credit – even if it is paid in full – will lower your credit score.

Download this file to learn how to build a better credit score.

  Building_A_Better_Credit_Score.pdf (946.2 KiB, 31 hits)

Your social security number is your “credit identity.” Use it sparingly.

Know who has received your credit reports within the past six months (or two years if for employment purposes).

You can limit who receives your credit reports.

You can opt out of credit card offers which will increase your score by going to www.optoutprescreen.com or calling 1-888-5OPTOUT.

You can negotiate with your creditors to receive lower interest rates on your credit cards

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Tagged with: bad credit • credit cards • credit report • fair credit reporting act • fico score • fixing negatrive credit • pre-approved credit

Filed under: credit • debt • Financial Services

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