Credit Check - If you have a mortgage with a high interest rate, you may want to ponder refinancing. You could consolidate your debt and lower your monthly mortgage payments.
Credit Check, If you have poor or bad credit, it's possible that you might not even know it
and to make matters worse, you might not even deserve it. It is entirely possible for companies that make reports to credit bureaus to make mistakes, and unfortunately those mistakes can have a serious effect on your credit score.
If you suspect that your credit history has been misrepresented, there are several steps you can take. First, you need to write to the credit reporting agency disputing the item. When they receive your letter disputing the bill and the balance shown, they must investigate the item in dispute (usually within 30 days) by presenting the information you submit to the creditor. The creditor must review your evidence and report its findings to the credit bureau. The credit bureau must then give you a written report of its investigation and a copy of your report if the report results in a change.
Credit Check, If youve been denied credit, insurance, or employment because of information supplied by a CRA, the FCRA says the company you applied to must give you the CRAs name, address, and telephone number. If you contact the agency for a copy of your report within 60 days of receiving a denial notice, the report is free. In addition, youre entitled to one free copy of your report a year if you can prove that (1) youre unemployed and plan to look for a job within 60 days, (2) youre on welfare, or (3) your report is inaccurate because of fraud. Otherwise, a CRA may charge you up to $9.00 for a copy of your report.
If you're never going to buy a home, or at least not for 7 more years (that's when the profit and losses will drop off your credit report), having charge offs on your credit history may not be quite as serious. If you buy a car, or anything other than real estate, you won't be asked to pay these debts off. But your credit will really stink for a long time...good luck getting a low interest rate car loan! Again, charge offs are almost as bad as having a bankruptcy on your credit history, plus you still owe the money.
In 2005, 9.3 million Americans were victims of identity theft according to the Javelin Better Business Bureau survey. 68.2 percent of the cases involved thieves who obtained personal information off-line vs. only 11.6% obtained online. ID theft through lost or stolen identification, misappropriation by family and friends, and theft of paper mail are among the most common ways thieves gain access to your information.
Credit Check - In case that you are one of many Americans with bad credit or bankruptcy written on your credit report, and if you are planning to buy a home one day, you might need to correct your credit rating troubles and start your credit repair. To do this successfully, you have the next three choices.
In my own case, one of my credit card accounts has now shown up on my wifes credit bureau reports, simply because I mentioned her name on the phone to a credit card company representative, while I was declining their offer to add her to the account. In this instance, it does neither of us any harm, since we both have excellent credit, and as husband and wife are responsible for each others debts anyway, but it was an "intentional error", none the less. I would be willing to bet that the credit card company offers a bonus to their reps for getting co-signers added to an account, and the rep I was speaking to simply cross referenced my address to find my wifes account.
In summary, remember that is up to they to use legal means to clear their credit report by writing creditors to reverse inaccurate intimation, reestablishing a payment history, or avoiding scams that offer to take money from they in return to a repair of their credit through questionable or illegal means. Just the fact that these companies want they to pay a fee should made they suspicious.
Credit Check, In todays competitive and unstable economical climate, surety bonds play a crucial role, guaranteeing for the respecting of payments, the fulfilling of certain roles or other terms stipulated in legal agreements. Surety bonds can take a wide range of forms, serving for a multitude of purposes. While some bonds are closed for guaranteeing payments and various other financial transactions, others oblige the parts who sign the contract to perform a series of tasks or fulfill certain duties.