How can I Get a Credit Report


How can I get a credit report? Since the crash of 2008 the world has changed dramatically.

Americans lost $11 trillion in wealth, or about 25%. Unemployment and foreclosures have devastated American families.

Their ability to maintain credit was destroyed. Now more than ever maintaining adequate credit is critical to one’s survival and well being.

It is imperative to keep a close watch on your credit standing and credit score.

So how can I get a credit report? You should know what goes into your credit file. Just about every transaction you make is recorded electronically.

Credit Reporting Agencies monitor your bank transactions, savings and loans, credit unions, finance companies and retailers.

They follow your open accounts, whether or not you missed a payment or maxed out your credit lines and your debt to income ratio. From this they statistically compute a score. This is your credit score.

It can range from 350 to 850. The magic number these days is 720. If you are applying for a mortgage or loan, chances are you need a credit score above 720.

Other items such as late or missed payments will lower your score. If you are referred to a collection agency, the record stays with you for seven years, bankruptcies for 10 years.

Tax liens also remain for 7 years. Not all credit agencies record the same information. Experian will keep tax liens on your record for 15 years.

Obtaining your credit reportThere are three main Credit Reporting Agencies (CRAs). They are Equifax, Experian and Trans Union.

Under the Fair Credit Reporting Act (FCRA) you are entitled to a free credit report from each agency once every twelve months.

You are probably asking: How can I Get a Credit Report? There are three main ways to do this. You can apply online, by telephone or by mail.

Here is what you need to get started. Equifax- www.equifax.com 800,685-1111, P.O. Box 740241, Atlanta GA 30374-0241. Experian-www.experian.com 888-397-3742, P.O. Box 2104, Allen, TX 75013. Trans Union-www.transunion.com 800-916-8800 P.O. Box 1000 Chester, PA 19022.

You will need your name, address, telephone, social security number, and date of birth. It will take about 30 days to get your report.

If your report has errors or contains debts that you have proof of payment for, your next question probably is: How can I Get a Credit Report with all disputes settled?

In this case you must supply all necessary documentation. If you start the process online, the best advice is to send a certified letter, return receipt requested to the credit agency.

You will then have receipt of your claim if any paperwork is lost or misplaced. Always keep extra copies for your records.

Try to plan ahead and anticipate unexpected expenses. Many people have turned to debit cards to maintain better control of purchases.

Although you may use a debit card, it is considered a check each time that you use it. In some cases when you use it the money comes out of your account instantly.

However many larger stores record the information when you swipe the card but do not actually charge it until up to a week later.

This can get you into trouble if you are not keeping track of your balance. Since these companies monitor everything, if your account is short of money in one of these instances and you receive a bad check fee, they will know this as well and notate your credit report with the information if the fee remains unpaid.


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