You will need a full name, Social Security number, date of birth, address, and any other previous addresses if you have lived at your current address for less than 3 years. Credit counseling groups are the best source of information for questions regarding what is necessary to accurately and safely obtain a credit score.
Anyone who wishes to acquire a credit report on an individual must obtain written permission from that individual. Landlords and employers are subject to provide applicants with a written notice stating that the information included in their credit report can be used to take adverse action. There are three credit bureaus that create their own report of you. There is no single official centralized collection of information and because of this the reports do not always agree.
Understanding your Report and Score:
A credit report and a credit score are two different things. A credit score is a number that is used by a company to determine your creditworthiness. Credit scores can range from around 300 to 850. The higher the number, the more likely you are to payback a debt, or at least this is how the company will interpret the information. The score will affect interest rates that you qualify for and your ability to qualify for several different types of loans.
Each credit bureau is required by law to explain the information on your credit report that you don't understand. You are allowed to call for an explanation of your report however you should expect an extended delay while holding. Each bureau has at least one sample of their report which will contain explanations. The website for each bureau will also contain education information on credit issues.
Why You Should Check Your Credit Report:
Having an accurate credit report can affect your ability to get a credit card, home loan, insurance, or even a job. Checking your report regularly can help you catch is sues that may be serious, including identity theft!
Credit rela ted questions can sometimes be complex and confusing. It is best to direct your question to an approved credit counseling group. These groups offer non-profit services to help you understand and improve your credit. Trying to understand your credit can be difficult and discouraging. Do not risk allowing erroneous information to exist on your report! Call a credit solutions specialist today for more information and help with understanding your credit score.
Kevin Porter Bio:
Kevin Porter is the president of Alliance Credit Counsleing in Charlotte North Carolina. Alliance Credit Counseling offers credit counseling, debt management, and bankruptcy counseling services to individuals and families all across America. They are a not for profit organization who cares for the financial success of American individuals and families.
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