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Credit history has taken a forefront not only in our business lives but also our
personal lives. There is no getting around credit history, it is affecting our
standard of living in every way.
personal lives. There is no getting around credit history, it is affecting our
standard of living in every way.
Who has access to your credit history?
Anyone with a legitimate business purpose such as:
With so many entities potentially looking at your credit you must know what
they are viewing. It has become imperative that you rid your credit files of any
errors, inaccurate and out-dated information that is viewed as negative. Learn
how to effectively dispute inaccurate information in your credit reports.
Unfortunately, in today’s society, there is no getting around credit.
The FACT Act
In accordance with the federal FACT Act, consumers are now able to get a
free copy of their credit report every 12 months from each of the three major
credit bureaus, Experian, Equifax and TransUnion. The toll free number is
(877) 322-8228. You can also go online at annualcreditreport.com You do not
have to order all three credit reports at one time. You can choose to stagger
your free reports over the course of a year by ordering one report every four
months.
The FACT Act is not the only way to get a free credit report. You are entitled
to a free credit report if you have experienced one of the following:
Freeze your credit reports
Some states offer consumers the option to "freeze" their credit report so it can
only be accessed in very limited situations. Victims of identity theft can
request this option for free if a police report is provided to the credit reporting
agencies. For other consumers who are not victims of identity theft, you can
request a “freeze” for a fee.
Marketing and pre-approved offers
The credit bureaus engage in the practice of selling lists for use in "pre-
approved" credit and insurance offers. Consumers who receive pre-approved
credit offers are often on these marketing lists. However, pre-approved does
not necessarily mean a credit report will not be pulled. If you respond, the
creditor may access your credit report before you are actually granted credit.
Your application can also be denied at this time.
You have a choice to remove you name from any marketing list compiled by a
credit reporting agency. To remove your name from all three credit reporting
agencies’ marketing lists you can “opt-out”. Call (888) 5-OPTOUT or (888)
567-8688 to opt out or go online to optoutprescreen.
Anyone with a legitimate business purpose such as:
- Landlords
- Employers and potential employers
- Auto, Home & Life Insurance Companies
- Cable & Satellite Companies
- Utility Companies (Telephone, Electric & Gas)
- Cell Phone Providers
- Companies that you have a credit account with can regularly monitor
your credit
- Government agencies considering you for licensing
- State and Local Child Support Enforcement Agencies
- Any Government Agency
With so many entities potentially looking at your credit you must know what
they are viewing. It has become imperative that you rid your credit files of any
errors, inaccurate and out-dated information that is viewed as negative. Learn
how to effectively dispute inaccurate information in your credit reports.
Unfortunately, in today’s society, there is no getting around credit.
The FACT Act
In accordance with the federal FACT Act, consumers are now able to get a
free copy of their credit report every 12 months from each of the three major
credit bureaus, Experian, Equifax and TransUnion. The toll free number is
(877) 322-8228. You can also go online at annualcreditreport.com You do not
have to order all three credit reports at one time. You can choose to stagger
your free reports over the course of a year by ordering one report every four
months.
The FACT Act is not the only way to get a free credit report. You are entitled
to a free credit report if you have experienced one of the following:
- Denied credit in the last 60 days
- Unemployed and intend to apply for employment in the next 60 days
- You are on public welfare assistance
- If you believe your file contains inaccurate information due to fraud or
identity theft
- Denied employment based upon information contained in your credit
report
- If your report has been updated or revised based upon an investigation
you requested
Freeze your credit reports
Some states offer consumers the option to "freeze" their credit report so it can
only be accessed in very limited situations. Victims of identity theft can
request this option for free if a police report is provided to the credit reporting
agencies. For other consumers who are not victims of identity theft, you can
request a “freeze” for a fee.
Marketing and pre-approved offers
The credit bureaus engage in the practice of selling lists for use in "pre-
approved" credit and insurance offers. Consumers who receive pre-approved
credit offers are often on these marketing lists. However, pre-approved does
not necessarily mean a credit report will not be pulled. If you respond, the
creditor may access your credit report before you are actually granted credit.
Your application can also be denied at this time.
You have a choice to remove you name from any marketing list compiled by a
credit reporting agency. To remove your name from all three credit reporting
agencies’ marketing lists you can “opt-out”. Call (888) 5-OPTOUT or (888)
567-8688 to opt out or go online to optoutprescreen.
You May Be Surprised at Who
Views Your Credit Reports
by Lisa Phillips
March 2008
Views Your Credit Reports
by Lisa Phillips
March 2008
Did you know that banks and credit card
companies are not the only ones checking
out your credit history? You may be
surprised at how many companies use
your credit history to make decisions.
With the recent "credit crunch" and talks
of a recession, it is imperative that you
know who is making decisions about your
life based upon your credit history.
companies are not the only ones checking
out your credit history? You may be
surprised at how many companies use
your credit history to make decisions.
With the recent "credit crunch" and talks
of a recession, it is imperative that you
know who is making decisions about your
life based upon your credit history.
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