It wasn't all that long ago that
American's faced great financial crisis. As a nation, we struggle
with debt, and it keeps us from achieving a better life. Debt
Education is here to help you change all that ... just ask!
REAL PEOPLE ... CARING ABOUT REAL
ISSUES
Checking Your Report
You must make sure the information in your credit report is correct.
Not only is your credit score based on this information, but lenders
also review this information in making credit decisions. Review
your credit report from each credit reporting agency at least
once a year and especially before making a large purchase, like
a house or car. To request a copy, contact the credit reporting
agencies directly:
• Equifax: (800) 685-1111, www.equifax.com
• Experian (formerly TRW): (888) 397-3742, www.experian.com
• TransUnion: (800) 888-4213, www.transunion.com
If you find an error, the credit reporting agency must
investigate and respond to you within 30 days. If you
are in the process of applying for a loan, immediately notify
your lender of any incorrect information in your report. Your
lender will need to reorder your credit report and score once
any changes have been made to your information at the credit reporting
agency. Small errors may have little or no effect on your score.
If there are significant errors, however, the lender may disregard
the score.
Also, make sure you creditors haven't set your credit limits
too high on your credit cards. You could have an almost emprt
credit card, but if it has a high credit limit the lenders will
view that as high risk to them. We'd even go so far as to say,
if you don't really need the credit card, then canel it. This
will greatly improve your credit score.
Note: only the credit reporting agencies have the data from which
FICO scores are calculated. Fair Isaac can't correct data at the
credit reporting agencies.
There's a lot of information to read through on the Debt Education
website, but we feel this is extremely important material. We
strongly recommend that you bookmark
this page right now. This will allow you to read
at your leisure, and should you need to attend to other matters,
easily return back here at your convenience.
The Debt Education website was built for you. Please explore
our website. You'll find resources and information on virtually
every aspect of financial planning and money management. These
debt delp resources are designed to help you get out of debt
and stay out of debt. You can achieve financial independence.
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Debt Education PO Box 5156, Santa Cruz, CA 95063
