Credit report Podcast
Credit report PodcastMarion DavisWhat is a Credit Report?A
credit report is information compiled by a credit bureau from
merchants, utility companies, banks, court records, and creditors
about your payment history
What does a credit report show?Identifying informationExample:
social security number and current addressAccount
informationExample: when account was opened, highest amount owed on
credit cardsInquiriesExample: American ExpressPublic Record
InformationDispute Instructions If you see an inaccuracy in your
report this informs you how to dispute it and have it removed
What do you not see on a credit report? Criminal
backgroundMedical informationBuying habits/transaction dataBank
account informationCredit rating Credit Score There is no actual
number included in a credit report. To obtain a score you have to
put in a request and pay a fee.
Why should I check my credit report? Want to be sure there are
no inaccuracies If there are inaccuracies you can take the steps to
dispute them. If the inaccuracies prove to be true they will remain
on your credit report for years to come Checking your credit report
annually can also reduce the risk of an unnoticed identity
theft
How can I obtain a credit report?Federal law requires credit
bureaus to provide consumers with 1 free credit report each year.
You can obtain these reports from the three National Credit
bureaus.
or,
The best place to gowww.AnnualCreditReport.comThis is the only
site where you will get a FREE credit reportSome sites say they are
free but later if you forget to cancel your membership you will be
charged www.freecreditreport.com
