Manage your Credit and Monitor it
First obtain a copy of your credit report. Make sure there are no inaccuracies on
your report. The Fair Credit Reporting Act ensures your right to dispute inaccuracies without charge. If You find an inaccuracy
or something you don't recognize you can dispute it. Pay down your current debt and avoid "bad credit" behavior, don't
make late payments. Then establish a
credit budget. Close all unnecessary
credit accounts. But always keep track of
the number of inquiries on your report as
this reflects negatively on your credit re-
port. Only insurance and pre-approved
credit card offer inquiries don't reflect on your credit score. Only time
and careful planning can improve bad credit. Stay away from the "Credit Repair
" agencies. You can do everything they can do for
FREE!
Obtaining a copy of your Credit Report
Pursuant to Section 612 (C) You are
entitled to a free copy of your Credit
Report once during any 12-month period if:
1. You are unemployed and intend to apply
for employment in the 60-day period be-
ginning on the date on which certification is mad
e.
2. You are a recipient of public welfare assistance.
the ones maxed out. You need to show
a gap in between credit limit and balance.
8. Close out unnecessary accounts.
9. Apply for a
secured
credit card, which
is guaranteed by a deposit with your bank.
10. Know your rights. Go to the Fair Credit
Reporting Act at web site:
http://www.ftc.gov/os/statutes/fcra.htm
Credit Repair Agencies: The Truth
When trying to resolve your debt problems
it may seem like a reasonable solution to turn to an agency that offers help in solving debt problems. Some agencies offering
debt counseling and reorganization plans may charge high fees and fail to follow through on services they sell. Some may even mis represent the terms of a debt consolidation loan, failing to explain certain costs or to mention you are signing over your home as collateral! Resist the advance-fee loan guarantee from compan-
ies as they may be illegal. Legitimate creditors never guarantee that the con-
sumer will get the loan. Under the Federal Telemarketing Sales Rule, a seller or telemarketer who guarantees or represents a high likelihood of getting you a loan may not ask for or receive payment until you've received the loan.
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3. Have reason to believe that the file
contains inaccurate information due to
fraud.
Equifax
P.O. Box 105873
Atlanta, GA 30348
(800) 685-1111
www.equifax.com
Trans Union LLC consumer
Disclosure Center P.O.Box 390
Springfield, PA 19064-0390
(800) 888-4213
www.transunion.com
Experian
P.O. Box 2104
Allen, TX 75013-2104
(888) 397-3742
www.experian.coms
Step by Step
1. Obtain copy of Credit Report.
2. Check for inaccuracies.
3. If there are inaccuracies fill out
Credit Dispute Form (contact us if you
need one).
4. Mail form to appropriate company
by certified mail.
5. Follow up on dispute in 30 days as this is their
time limit to respond.
6. Pay your bills on time.
7. Pay down on current bills, especially
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Plantation, FL 33317
Toll Free (866) 655-5537
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