Posted in Finance on 10/28/2010 02:42 am by
Gary Gresham asked:
Every consumer in America has the right to a free credit report once every year by law as of September 2005. But since that law has passed there has been nothing but confusion.
The web sites that say they are offering this so called free credit report, are asking us to give them our credit card information. Does that sound like a free credit report to you?
You may have even given your credit card number to these companies to sign up for a thirty day trial for a credit service that has almost nothing to do with getting your free credit report.
In all fairness, you can cancel this service after thirty days. But how many people do you think forget and end up with monthly or even annual credit card charges?
In fact, these companies are counting on you forgetting about the thirty day trial and charging that fee on your credit card. But if the law says you get a free report, what’s the deal?
A lot of people are confused about these free credit reports because of how some companies are marketing the free credit report. Hopefully, this information will clear a few things up for you.
For people who just want the bottom line, a free credit report is available at http://www.AnnualCreditReport.com and this is the only official site that helps consumers to obtain their annual free credit report.
This site’s security protocols are excellent with physical and technological security and encryption. That’s important for identity theft purposes because the information on your credit report should be seen by your eyes only.
So if this site is readily available and anyone can get a free credit report once a year, what’s the catch? Here is the catch: the credit report you get from http://www.AnnualCreditReport.com does not have any credit scores.
Now you may be asking, “Then what good is getting this free credit report without a credit score?” There are a few good reasons why you may want to look at your credit report even without a credit score.
Did you know that more than forty percent of all credit reports have errors? If you spot these errors, you can get them cleared up before it affects your credit score. If you contact a credit bureau about an error, they have to clear it up or remove it after thirty days by law.
If you monitor and review your credit report, you can check to be sure that you are not a victim of identity theft. If someone takes over your accounts and charges up thousands of dollars in debt, they can destroy your credit score in a matter of hours.
These are just a couple of good reasons why you want to get your free credit report once a year and inspect it just to be sure everything looks like it should. You can get your free credit report online at http://www.AnnualCreditReport.com or by phone or through the mail.
So where do you get your credit score from? This is where the confusion comes in and here is the answer. The law Congress passed did not say anything about a credit score just one free credit report a year per consumer.
You have to pay a service to get your credit score and some companies are confusing people with the way they are marketing this. They offer you a free credit report and score and many consumers believe it’s their annual free credit report.
But if you have to sign up for a credit service they offer for a 30 day trial period, does that sound free? What these companies are counting on is you forgetting about the 30 day trial and charging a fee on your credit card once that trial period is over.
It’s in the fine print, but how many people actually read that. So here is a good common sense rule of thumb. Any time you have to give your credit card information, ask yourself, “is this really free?”
Many of you probably know this is happening because you have been trapped with this kind of marketing tactic. But for those of you that just want your annual free credit report, you can at least be aware as to what is really going on and have a no nonsense way to get it.
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Tags: Bottom Line, Consumers, Credit Card Information, Credit Card Number, Credit Score, Credit Scores, Encryption, free credit report, Free Credit Report Once A Year, Free Credit Reports, Identity Theft, Marketing Report, Thirty Days, Www Annualcreditreport Com
Posted in Finance on 09/09/2010 07:51 am by
Tommy Hilligan asked: Before you can can start repairing your credit, you should first understand the importance of exactly what a bad credit score can do to your life. A bad credit score may materialize for a variety of causes. Possibly you had been in a unfavorable location in your life and suffered troubles and were unable to make your monthly payments. Perhaps you had problems and needed to file for personal bankruptcy.
Perhaps you got in over your head monetarily which occurs to a lot of us contrary to popular belief. Nevertheless, in order to take advantage of free credit improvement, you initially have to know very well what is on your credit file.
You ought to receive your statement within a maximum of two weeks. Here is where the free credit repair should begin. When you acquire your reports, research them very carefully. Compare them with your own records, translate what they are stating, and make marks of any errors that you discover.
When you write the credit bureaus in an attempt to seek free credit improvement, offer them with as much information and substantiation of your claim as possible. This could be an invoice, a notice from the lender, or a letter of completion. If hereafter considering the claim, they uncover that there’s an error, it will likely be immediately withdrawn from your credit file.
This is one of many different types of good examples utilized generally to gain free credit improvement. The beginning steps are most times overlooked since the stress has increased to such a level that individuals don’t really understand where to begin.
Despite the fact that record maintaining has gotten better with computer systems, numerous occasions many people have had bad ratings on their credit ratings because of mistakes. Should you discover these mistakes, which may include things that you simply didn’t buy or charge, such as in the cases of identity theft or charge cards which have been paid off but are identified as unpaid or past due you need to take immediate action to repair these mistakes right away.
Free credit repair also requires making payments in a timely manner and paying down old financial debt. All of these attempts, even if you were late paying down your debt, looks much better to creditors than not compensating them at all.
Cindy
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Tags: Advantage Credit, Attempt, Bad Credit, Charge Cards, Contrary To Popular Belief, Credit Score, Identity Theft, Lot, Many Different Types, Monetarily, Occasions, Repairing Your Credit, Stress, Substantiation
Posted in Comedy on 08/14/2010 03:26 am by
bigcouchpotato asked:
Because of Identity theft, a man is forced to work in fish food restaurant and where a pirate suit. He and fellow scallywags sing about it.
Bryan
Posted in Finance on 04/11/2010 06:51 am by
Pierre Smith asked: In these days more and more people are having problems with debt. Every quarter, about 170,000 home owners in the United States go into foreclosure. Along with that, identity theft is becoming increasingly common. Depending on both of these facts, it is really important to obtain your credit report from time to time to see what is going on. There are some options to obtain your credit report. When you are denied credit, insurance or a job due to something in your credit report, you are able to call for one, because that company has to inform you which credit agency provided the information. You have the right to get a free credit report from that agency within 60 days of being turned down. However, if you would like to see your credit report at any time you want, you should consider to pay a small fee to obtain it.
Besides, you can find some options to get your absolutely free credit report. If you only would like to check your free credit report once a year, you can call for a copy of your respective report by writing to one of the three major credit reporting agencies, because you have a right to get a free credit report once a year this way. If that free annual report is all you require, this way works just fine for most people. To get the free report though you do have to enter your data, which is needed to keep your report safe. You may be asked about your full name, your current and former address, social security number, date of birth, and your phone numbers in order to gain access to your credit report.
Another option to get free online reports is to sign up for a service you have to pay for. Such a service enables you to get online access to your information at any time you want so that you are able to keep your eye on details that are going on. This option is perfect for people who might be worried about identity theft, or are trying to repair credit to make any type of major purchase. This way is not only ready to hand, it is really easy and fast as well. To get access to this kind of service you need your associated account password. You should always assure to keep it really hard to puzzle out and to change it frequently so that only you can get access to your data.
It may be wise to check your credit now, if you haven’t do so of late. You can simply check it online. Many people don’t understand what they are looking at when they open it. However, there are some online sources helping you how to read a credit report and what all the different facts stand for. If there are facts that are not correct, you are able to get them fixed, though occasionally this will take some time. Whenever you are afraid about identity theft, one of the most important things you should do is obtaining your online credit report.
Jacob
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Tags: Absolutely Free, Current, Foreclosure, free credit report, Free Credit Report Once A Year, Identity Theft, Insurance, Insurance Job, Major Credit Reporting Agencies, People Free, Report Writing, Social Security, Social Security Number, Three Major Credit Reporting Agencies
