Credit Report
Credit Reports – what to look for:
• Use a reputable, nationally known company like Experian or Equifax
• Receive up-to-date complete personal credit reports
• Receive up-to-date business credit reports
• Receive a personal credit score calculated by an independent scoring service
• Receive a detailed analysis of your personal credit score. Experts recommend that you review your credit reports regularly.
It’s critical for you to have Continuous Credit Monitoring:
It’s priceless knowledge to have suspicious activity brought to your immediate attention, providing you with early detection. This critical feature helps you to know if:
• New accounts that have been opened in your name
• Derogatory notations have been added to your credit reports
• Public records have been added to your credit reports
• Inquiries have been made against your credit reports
• A change of address has been requested
Most Americans trust that every item in their credit report is accurate. Often times that is not true. It’s critical for you to print out your credit report at least once a year to see everything is accurate. Criminals known as ‘phishers’ may have opened a credit card in your name, without your knowledge. They may have gone so far as to change the address of the bogus account they’ve opened in your name that makes it very difficult for you to even find out… until it’s too late. Protect yourself and your family from thieves now.
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January 25th, 2010 at 2:05 pm
Good stuff. Credit is no joke and once you hurt it it is very hard to get back on a good path repairing it. I was once young and didn’t have a care in the world. Destroyed my credit and am now trying to repair my mistakes. What a headache.
March 29th, 2010 at 2:10 pm
Exactly how credit reporting agencies calculate a credit score is proprietary information. All anyone knows is that it’s based on how your credit history compares to a general average credit history… It would be nice if all bureaus, organisations and credit agencies used one pre-agreed ratings scale. That way everyone would know where they are. The way credit ratings are set up at the moment is just confusing for everyone… Actually, I find it very ironic, that in order to build a “credit”, one has to go in “debt” first and pay it. But that is way system is set up.