CREDIT RESTORATION TIPS!

Make Sure Your Credit Reports Are Accurate It’s hard to see an F on your report card. It’s even worse to see an F when you know you really deserved an A. That’s exactly what it feels like to find out you have a bad credit score even though you’ve been paying your bills on time. Each of us has three credit reports — one from each of the three major credit bureaus: Experian, Equifax and TransUnion. Credit reports can and very often do have mistakes on them. A 2015 study from the Federal Trade Commission found that 1 in 5 consumers had an error on at least one of their credit reports, and a follow-up study in 2017 (by the Federal Trade Commission) found that those who reported an unresolved error on one of their reports believe that at least one piece of disputed information is still inaccurate. Since your credit scores are based on the data in your credit reports, it’s incredibly important to make sure all of that information is accurate. If you have a mistake on your credit report, your credit score will reflect that mistake. It’s easy to check your credit reports from each of the three major credit reporting agencies. You’re entitled to a free copy, once a year, of all three of your credit reports under the Fair Credit Reporting Act. These reports can be accessed via AnnualCreditReport.com, the government-mandated site run by the major bureaus. Once you have your credit reports in hand, here’s a quick checklist of questions to ask yourself to help you spot potential errors: Is all of your personal information accurate? (That can include your Social Security number, birth date, full name and address.) Are all of your credit accounts being reported? Are there any late or missed payments listed that you remember making on time? Are there any accounts or applications for credit you don’t recognize? Are there any items from decades ago still appearing on your report? It helps to go through your credit reports with a highlighter and pick out any and all inconsistencies. Keep in mind that a credit report from one bureau may have an error, while another may not. That’s why it’s so important to check all three of your credit reports for inaccuracies. You may find none, a few, or perhaps many errors on your reports. That’s where the next step to improving your credit comes in. Knowledge is Power and Credit is King! Call 18004421591 to start Gaining Financial Stability with Intelligence and Integrity! We are ONE of the best in the business!