Thursday, July 29, 2010

Experian Credit Report

Experian is one the most important credit groups that offers, among other services, credit reports at the request of creditors or consumers. Many companies looking to hire somebody new and many creditors will get Experian credit reports on the people that apply for jobs or for credits. This way, they can assess the financial past and determine whether or not the applying person poses a financial risk.

But not only employers or creditors can ask for a copy of credit report, individuals can do the same as the Experian is obliged by the state to offer this service free of charge to anybody who requests it. So for example if you’ve recently been denied a credit, you can get your own credit report and find out why you didn’t get it. And the easiest way to obtain it is either online via the internet, or over the phone by directly calling the credit group.

When asking for your free copy of Experian report, you should expect to get a well documented archive of all your financial behavior plus a lot of personal information. Everything is documented from all your addresses, your working places, what credits you took up to now, whether you were late with your payments, any bankruptcies etc. By analyzing all of this information you will discover your problem areas and you could go about fixing them to the extent that they can be changed.

You can request an Experian credit report every year and you should do so regardless if you need it or not. It is a good practice for you to always be in control of your financial situation and to close up any loose ends you might have. This yearly routine will give you an advantage next time you want to take a new credit or get a new job.

Although you’re legally entitled to receive a free copy of your credit report annually from Experian, this free report will not reveal your actual credit score. To view the actual score that the lenders are seeing, get your score (plus 3 in 1 credit report) from for a free trial.

Monday, July 5, 2010

Tips On Filing A Credit Report Dispute

The financial past of each individual is listed in a credit report. These act as a guide for credit companies when deciding whether they will loan you money or not. This is why it is essential for you to have accurate information in your credit report. Any inaccuracies could lead to the credit companies refusing to loan you further monies.

According to law each and every citizen must have free access to their own credit report and it is recommended that you check it once a year in order to be sure that the information is correct. As all the information is entered by data entry personnel it is entirely plausible for mistakes to me made and if left uncorrected then they will continue to show up in future credit reports.

In case that you notice any false information listed about your financial history, you can then file a credit report dispute. When you do this make sure that the credit reporting agency will correct the mistakes as obliged by the Fair Credit Reporting Act.

When submitting a dispute letter you need to include all of your claims in writing and to describe them with as much detail as possible in order for the errors to be located and fixed as quick as possible. If you can it is also a great help to include any supporting documents you might have such as receipts, tickets, notes, invoices etc. Dont forget to make a copy of everything you have stated as well as all the documents you attached to your dispute letter.

When you file your dispute an investigation will start and your claim or claims will be assessed for their validity to be proved. After the investigation has finished, and your claims have been proven true, then any errors in your credit report will be corrected.

For more information, here's a good read on how to dispute your credit report with a sample of dispute letter for your perusal.