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100% Financing Or No Down Payment & Bad Credit Mortgage Loans
Sub-prime lenders now offer financing packages with zero down.
Interest rates are higher on these types of loans, but they make
purchasing a house easier. And unlike a conventional loan, there
is no private mortgage insurance required. There are...
Establishing Credit, the Great Task
"How do I establish credit, when I don't have a credit history"? This is probably the most commonly asked question by most consumers looking to open a credit account. Not having credit can be just as difficult as having bad credit unless you know...
How To Avoid Credit Card Penalties
It is a sad fact of life that credit card companies are very
willing and fast to slap a penalty charge on your account for
every mistake, delay and slip up you cause, immediately and
without a second thought. These penalty charges can amount...
Nurse your credit rating with debt counseling
The most important first step you should take is to admit that you have a financial problem. As soon as you do that, you have taken a very big leap towards positive debt counseling and will soon recover from your debt problems. As they always say,...
The Best Credit Card Promotions
In determining which credit card to choose, it's best to know
the purpose of getting the card. Credit card companies may offer
cards to their clients that have flexible terms with varying
annual percentage rates or APRs. In choosing a credit...
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Five Easy Steps to Repairing Your Credit
Have you damaged your credit rating, and now need to repair it? It can be a long, tedious process, if you aren’t sure of exactly what to do. And if you decide to work with an agency that specializes in this type of work, you’re paying someone to do work that you can do yourself, for free. This article will discuss what options you can take to repair your credit, yourself, without having to pay a penny to do it.
If after the walk through in this article, you are still having problems with your credit repair, it is well advised that you talk to an experienced lawyer in this area. There may be no other way to get some unauthorized information off your report – but let’s try these simple steps, first!
1. Credit Repair: Get Copies of Your Credit Reports
Send a letter to each of the major credit reporting agencies (TransUnion, Equifax, CSC, Innovax, and Experian), asking them for a copy of your credit records. Some states require that you send along a copy of a credit denial letter with this letter, or else they will levy a charge (somewhere between $3-10). If you are serious about trying to repair your credit, you’ll need to do this manually, instead of online, for several reasons. First of all, many online credit repair companies are hit or miss; you may or may not get the information you require. Secondly, the printouts may be difficult to read (after having been scanned several times), and last of all, it is difficult to go back and find exactly where the information was located, if need be, again.
2. Credit Repair: Take a Good Look
Make a copy of all of the credit reports you receive, and highlight each and every person and company who has reviewed your credit history. Do you know who all of these people, and companies are? You should. Do some
sleuthing, and try and figure out if every company listed is one that you have given access to. Don’t forget that many agencies are allowed to access your credit rating reports, such as collection agencies, people trying to grant you credit, insurance underwriters, etc. Any entries that say “PRM” next to them are for promotional reasons, and are entirely legal. And finally, review all of your payment history with each credit agency to ensure it is all correct. If there is a discrepancy somewhere, write down the particulars. You’ll need to go hunting for information confirming your case.
3. Credit Repair: Send a Letter
If applicable, send a letter to each of the credit agencies, letting them know there has been an error. Be specific; attach proof stating your case (a cancelled check stub, payment history printout, etc.) You may use the form that the credit repair agency sends you instead of writing out your own letter, but don’t feel badly if you need more space to state your case. Make sure to keep a copy of everything that you send as well, just in case it gets lost in transit.
4. Credit Repair: Review
About 30 days after you’ve sent off your letters, you should receive responses from the credit repair agencies you have contacted. The letter will show clearly what has been changed, along with a new copy of your credit report, as well as any omissions, deletions, or additions to your credit repair file. If you still have an issue, you have up to two years to make changes on your file, as per the Fair Credit Reporting Act (FCRA).
About the Author
For more more information about auto loan options please visit http://www.moneytipsdaily.com/Money-Tips/Best-Debt-Consolidation-Website-Online-Launches-Today--Repair-Credit-With-A-Debt-Consolidation-Loan-.html
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| Credit Reports - Credit Cards - Car Loans - Home Loans - Credit.com |
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| Equifax Personal Solutions: Credit Reports, Credit Scores ... |
| National consumer credit reporting company that offers credit reports, FICO(R) credit scores and identity theft protection products to consumers and small ... |
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| The FTC's web site on Credit |
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| Federal Trade Commission - Consumer Credit Center |
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| AnnualCreditReport |
| Site set up by the big three credit reporting agencies in the United States, to furnish free annual credit reports, as required by federal law. |
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| Springboard - Non-Profit Consumer Credit Management |
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| Credit Suisse Group is an international financial services group. - Shares part of SMI. |
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| Experian: Free Credit Report and Credit Score, Credit Check ... |
| Credit referencing and consumer targeting for the USA and other countries. |
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| National Credit Union Administration - Home Page |
| An independent federal agency that supervises and insures 7152 federal credit unions and insures 4240 state-chartered credit unions. |
| www.ncua.gov |
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| Credit - Wikipedia, the free encyclopedia |
| Debits and Credits, a type of bookkeeping entry; Credit (creative arts), acknowledging the ideas or ... Retrieved from "http://en.wikipedia.org/wiki/Credit" ... |
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| Credit (finance) - Wikipedia, the free encyclopedia |
| Any movement of financial capital is normally quite dependent on credit, ... Sometimes if a person has financial instability or difficulty, credit is not ... |
| en.wikipedia.org |
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| The National Foundation for Credit Counseling |
| DebtAdvice.org is a service provided by the Members of the National Foundation for Credit Counseling (NFCC), most of them known as Consumer Credit ... |
| www.nfcc.org |
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| FreeCreditReport.com | Free Credit Report and Credit Score Online ... |
| FreeCreditReport.com: Free credit reports and credit scores from Experian. Get your free credit report and credit score now. It's free, fast, and easy! |
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| Compare over 300 credit cards, including 0% offers and balance transfers, and make a credit card application online... |
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| Ford Credit - Auto financing for Ford, Lincoln and Mercury cars ... |
| Ford Credit provides auto financing to finance a lease or purchase a car or truck through Ford, Lincoln or Mercury dealerships. |
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| The Credit Card Prank |
| In my lifetime, I have made nearly 15000 credit card transactions. ... Credit card signatures are a useless mechanism designed to make you feel safe, ... |
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| Credit magazine, corporate bonds, derivatives, structured credit ... |
| Credit magazine provides information on the international credit markets for credit investors, issuers and market professionals. |
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| CUNA: The Credit Union National Association |
| News and resource directory about credit unions. |
| www.cuna.org |
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| Credit/Debt Management - Tools and Advice for Managing Credit and Debt |
| Drowning in debt? Trying to improve your credit score? This is the place for you. Get real world information and tips, as well as the legal low down, ... |
| credit.about.com |
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