Archive for the ‘Credit Report’ Category

How to Get a Free Credit Report without a Credit Card Needed

A Free Credit Report without a credit card needed means availing of the service without being charged or even being requested of a credit card. There are different sites, which offer this service. There are even promos like a 30-day trial for free or free credit report without membership or trial required, inviting anyone to check it out.

A credit report is necessary because it provides vital information on the credit history and transactions of a person. It identifies the financial profile and establishes the behavior of someone in treating money matters. Credit reports are being required by banks, insurance companies, lending agencies, and even employers to establish the credibility of a person.

Credit card companies will always rely on the credit score presented by the report before issuing out a card to an applicant. A Housing Loan will not be approved without further verification of a credit report as this will determine the borrowers’ capacity to settle the monthly amortization. Whenever one gets a Payday Loan, one has to present a good credit standing to ensure that the financial capability of the borrower is acceptable. The credit report ensures security of the investment of the lending agency and the credit authorities. It is an assurance that the money, which has been invested, will be collected and invested again so others may benefit also.

Credit Report applications can be acquired from three Bureaus namely: Equifax, Experian, and TransUnion. These agencies had been tasked to issue out an absolutely free credit report. Once every 12 months, the three agencies provide credit reports to everyone. They provide credit scores, which detail the financial profile of the person. Just remember that Credit Reports can be accessed for free. This is stated under the Fair Credit Reporting Act.

However, there will be instances that one may required to submit a credit report again because it is needed for a specific loan. Fees may apply at this point in time and there are sites, which accept this request. They will normally request for a credit card for payment of such online request. However, when one is denied of a loan, then one can request and avail of another copy with no credit card needed. This is very much applicable for reports with errors. One may readily request for a correction of entry as this greatly affects and is detrimental to the application for a loan of the person. Take an example of an executive getting an auto loan. He requests for a credit report from the three bureaus to support his request. He does an online request for free without a credit card needed – an absolutely free credit report.

If you wish to apply for a credit card, you will be required by the card company to submit a credit report with your credit score identified as of good standing. Bad or poor credit rating will surely result to denial of the application. Should there be errors on the report, one can request for another copy with no credit card needed.   Each one is encouraged to protect one’s financial profile through an accurate credit report, absolutely free!

Credit Report Dispute – How to dispute Errors on your Credit Report

Having a good credit standing is a major goal of every person. A good credit standing allows one to earn higher credit limits and better credit score. This is especially needed when one applies for a loan, a mortgage, or much so for a credit card. In a world where credit plays a major role in business, one will always consider having a good credit standing. A good credit report from a reputable financial institution and banks will always be something to be proud of. A bad credit standing will only mean challenges and difficulties when pursuing a better and stable financial status.

Since the goal is to have a Good Credit Standing or Score, what happens then if you have a bad report? To add more to that, what if we do not deserve it since there is an error on it? This will certainly pose some worries and we will be put in an uncomfortable situation. It will definitely be something to think about on how to dispute errors on your credit report. Here are the steps to be followed:

1.    Get hold of a copy of your credit report. Each one has a right to have a copy of since it is something personal. It identifies the person whether he has a good standing or not. It will be good to review it thoroughly. Check your records as to how this error came about. Remember that each has the right to dispute this erroneous information under the Fair Credit Reporting Act.

2.    Alert the Credit Bureau about the error. Once you have thoroughly investigated the issue and you’ve verified that there was indeed an error in the credit report, gather all the evidences that will support your claim. Keeping original copies of your credit transactions especially payments made or debits done to your account will always be beneficial. Send these evidences to the credit bureau and explain the situation about an error committed on your credit report. The agents concerned will definitely take your claim into consideration. Make sure that you have a copy of the proof detailing your dispute and also a copy of your disclaimer which was forwarded to the Credit Bureau.

3.    Get a response from the Credit Bureau. After you have sent your dispute, the bureau has 30 days to verify all the evidences, materials, and information you have provided them. An investigation shall be conducted to determine the accuracy of the data. The bureau will then contact and validate all the given facts from the issuing agency. If there is indeed an error that has been committed and generated, the issuing agency and the credit bureau shall rectify it and provide you with the result of the investigation. All other personalities and entities who received a copy of the erroneous credit report should also be duly notified.

4.    Request for Correction or Deletion of Entries. Having an error in the credit report will always be a taint. With the findings that an error has been committed, request for an immediate correction of the wrong entries. It would even be better to have it deleted from your file so it won’t pose any problem or negative impacts later on.

So always remember, that errors on your credit report can be disputed. Simply communicate with the Credit Bureau and agencies concerned. And as we say, a credit report is an identification of oneself in the financial world.