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How To Easily Raise Your Credit Score 75 points

How To Easily Raise Your Credit Score 75 points

) Copyright 2005 Vincent Dail

Clean Credit Reports, your credit report contains

information about where you work, live and how you

pay your bills (On time or not). It also may show

whether you've been sued, arrested or have filed for

bankruptcy with in the last 10 years. Companies

called consumer reporting agencies (cra) or credit

bureaus compile and sell your credit report to

businesses all over the world.

Clean Credit Reports, many financial advisors

suggest that you periodically review your credit

report for inaccuracies or omissions. This could be

especially important if you're considering making a

major purchase, such as buying a home. Checking in

advance on the accuracy of information in your credit

file could speed the credit-granting process, clean

credit is a must.

Because businesses use this information to evaluate

your applications for credit, insurance, employment,

and other purposes allowed by the Fair Credit

Reporting Act (FCRA), it's important that the

information in your report is complete and accurate.

Whenever you apply for any type of credit or

financing, a credit report is pulled from at least one

of the three major credit bureaus. You want a clean

credit report to be pulled. While there are hundreds

of smaller credit bureaus around the country,

virtually every credit bureau is affiliated with either

Experian, Trans Union, or Equifax.

Getting Your Clean Credit Report

If you've been denied credit, insurance, or

employment because of information supplied by a

credit reporting agency, the FCRA says the company

you applied to must give you the agency`s 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, you're entitled to one free copy of your

report a year.

If you simply want a copy of your report, call each

credit bureau listed since more than one agency may

have a file on you, some with different information.

The three major national credit bureaus are:

Equifax, P.O. Box 740241, Atlanta, GA 30374-0241;

(800) 685-1111.

Experian (formerly TRW), P.O. Box 2002, Allen, TX

75013; (888) EXPERIAN (397-3742).

Trans Union, P.O. Box 1000, Chester, PA 19022;

(800) 916-8800.

Correcting Errors For Clean Credit.

To protect all your rights under the law and to keep

your credit clean contact both the CRA and the

information provider.

First to get clean credit reports, tell the credit

reporting agency in writing what information you

believe is inaccurate. Include copies (please keep

your originals) of documents that support your

position. In addition to providing your complete

name and address, your letter should clearly identify

each item in your report you dispute, state the facts

and explain why you dispute the information, and

request deletion or correction. Always keep copies of

your dispute letter.

They must reinvestigate the items in question,

usually within 30 days, unless they consider your

dispute frivolous. They also must forward all relevant

data you provide about the dispute to the

information provider. After the information provider

receives notice of a dispute from the CRA, it must

investigate, review all relevant information provided

by the CRA, and report the results to the CRA. If the

information provider finds the disputed information

to be inaccurate, it must notify all nationwide CRAs

so they can correct this information in your file.

Disputed information that cannot be verified must be

deleted from your file, then you will recieve a clean

credit report, with that item removed.

If your report contains erroneous information, the

CRA must correct it(clean credit).

If an item is incomplete, the CRA must complete it.

For example, if your file showed that you were late

making payments ( 30 days or more), but failed to

show that you were no longer delinquent, the CRA

must show that you're current.

If your file shows an account that belongs only to

another person, the CRA must delete it.

When the reinvestigation is complete, they must

give you the written results and a free copy of your

clean credit report, if the dispute results in a change.

If an item is changed or removed, they cannot put

the disputed information back in your file unless the

information provider verifies its accuracy and


Also, if you request, they must send notices of clean

credit report corrections to anyone who received

your report in the past six months. Job applicants

can have a corrected copy of their clean credit report

sent to anyone who received a copy during the past

two years for employment purposes. If a

reinvestigation does not resolve your dispute, ask

the CRA to include your statement of the dispute in

your file and in future reports.

Second, in addition to writing to the credit angency,

tell the creditor or other information provider in

writing that you dispute an item. Again, include

copies (please not originals) of documents that

support your position. Many providers specify an

address for disputes. If the provider then reports

the item to any credit reporting angency, it must

include a notice of your dispute. In addition, if you

are correct that is, if the disputed information is not

accurate the information provider may not use it

again, thus you will have a clean credit report.

When negative information in your report is

accurate, only the passage of time can assure its

removal. Accurate negative information can generally

stay on your report for 7 years.

Clean Credit: There are certain exceptions:

Bankruptcy information may be reported for 10


Information about criminal convictions may be

reported without any time limitation.

Credit information reported in response to an

application for a job with a salary of more than

$75,000 has no time limit.

Information about a lawsuit or an unpaid judgment

against you can be reported for seven years or until

the statute of limitations runs out, whichever is

longer. Criminal convictions can be reported without

any time limit.

Credit information reported because of an

application for more than $150,000 worth of credit or

life insurance has no time limit.

Adding clean credit accounts to your file:

Your credit file may not reflect all your clean credit

accounts. Although most national department stores

and all-purpose bank credit card accounts will be

included in your file, not all creditors supply

information: Some travel, entertainment, gasoline

card companies, local retailers, and credit unions are

among those creditors that don't report clean credit.

If you've been told you were denied clean credit

because of an insufficient credit file or no credit file

and you have accounts with creditors that don't

appear in your credit file, ask the CRA to add this

information to future reports. This will help get you

on the road to a clean credit report. Although they

are not required to do so, many CRAs will add

verifiable accounts for a fee. You should, however,

understand that if these creditors do not report to

the CRA on a regular basis, these added items will

not be updated in your file.



Vincent Dail gives you the clean credit answers you need, today! Learn the secrets that the credit bureau's dont want you to know! To receive your special report visit: http://www.debt-elimination-program-reviews.comThis article is free for republishing
Source: http://www.articlealley.com/article_7900_19.html

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