And Know the Facts What you acquire

By:

As we welcome 2015, NewHorizon.Orggives you the basic facts that you acquire when

you get free credit report.

Your credit file or credit history is simply your

credit report.

Whenever you apply

for loan or credit,

your credit cards, real

estate loans, auto

loans, and others

stays in your credit

report for 2 years.

bankruptcy, tax lien

and civil judgments

are the legal actions

that that attribute to

your public records.

These are said to be

updated every month.

When you get free credit report, you also get a

chance to know your credit score.

• For young adults who are working on keeping a good

financial record, the credit score is what matters most.

• It serves as their financial report card which consist

their credit score.

• Credit score includes your payment history, how much

you owe, how you pay debts, new credits and other

factors.

Here are the things that you need in order to get

free credit report:

# Name

# Address

# Social Security number

To know more as to why is it necessary for you to check yours,

read: http://www.newhorizon.org/credit-info/comprehensive-credit-repair-

guide/

Know your rights, your responsibilities and

things to look out for. Your rights are protected

by various federal laws.

• The Fair Credit Reporting Act (FCRA)

• The Fair and Accurate Credit Transactions Act of 2003

(FACTA)

• The Equal Credit Opportunity Act (ECOA)

• The Fair Credit Billing Act (FCBA)

• The Fair Debt Collection Practices Act (FDCPA).

To know more about these laws, visit:

http://www.teachmeaboutmoney.org/adults/more-about-credit/#5

Keep in mind that your major responsibilities is to

pay your bills on time, keeping your

credit card balances low and paying off

debts.

You should be aware & look out for the following:

• identity theft

• inaccurate information

• and accounts or inquiries that are not yours

If you notice any suspicious data in your credit report, contact the

legally responsible credit reporting company.

Source: http://www.newhorizon.org/credit-info/know-facts-acquire-get-free-credit-report/

For more information:

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