Credit
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28 Common Credit Report and Credit Score Myths Debunked
There are many credit report and credit score myths all over the internet and also shared among family and friends. So many of these myths continue to pop up so I felt it warranted an article that quickly identifies and debunk these myths. Here is a simplified list of 28 persistent credit report and score myths: Checking your credit reports…
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What are Credit Reports and Credit Scores? Key Terminology
A list of credit reports and scores key terminology to help you understand credit. Have questions? You can read the answers to the frequently asked questions about credit reports and scores. Table of contentsCredit reporting companyCredit reportCredit scoreFair Credit Reporting ActNo credit / Thin credit fileCredit inquiryTradelinesFraud alertIdentity theftSecurity freezeCredit report monitoring Credit reporting company The credit reporting agencies–more commonly…
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How to Correct Errors on Your Credit Report
It’s a process to correct errors on your credit report, but it’s doable. The FCRA provides consumers specific rights to dispute inaccurate information and requires bureaus to follow a set of rules. In this article, you’ll learn the steps to clear up inaccuracies. You’re probably reading this article because you pulled your credit report and noticed an issue or you’ve…
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Your Rights Under the Fair Credit Reporting Act
The federal Fair Credit Reporting Act (FCRA) promotes the accuracy, fairness, and privacy of information in the files of consumer reporting agencies. There are many types of consumer reporting agencies, including credit bureaus and specialty agencies (such as agencies that sell information about check writing histories, medical records, and rental history records). Here is a summary of your major rights…
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How to Dispute Credit Report Errors Online
With one in five people having errors in credit reports, you can easily dispute credit report errors online. Under the Fair Credit Reporting Act, you have the right to access your credit report and require the accuracy of the information provided. Easy Steps Dispute Credit Report Errors Online Whenever you dispute a record on your credit report, the credit bureaus…
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Removing Collection Accounts on Your Credit Report
Removing collection accounts on your credit report is a process but important to undertake. A few years ago, I reviewed my credit report and found a collection item reported. I researched further and discovered the item was an error. I filed a dispute and went back and forth until the error was corrected. But it took over 3 months and…
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How to Place a Fraud Alert on Credit Reports
A fraud alert can make it harder for an identity thief to open more accounts in your name. When you have a fraud alert on your report: a business must verify your identity before it issues any type of credit the alerts stay on your report for one year. you can get a new one after one year. it allows…
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