You Do Have To Ask For The Credit Report Within 60 Days Of Denial Though

Category: Finance, Credit.

Once you have established major credit problems, it can feel like your head is barely above water. Where do you find help for the credit hole that you have dug for yourself?

Most people don t know how to fix what they started, and if they did, they wouldn t have credit problems to begin with. The truth is that you should seek help from within, so you do not fall victim to scams, but rather find a solution yourself. Face the facts, there is no easy way to get out of debt. Just as there are get rich quick schemes, there are an equal amount of ads from fly by night companies that will offer you ways to get out of debt quickly. Don t believe the promises that some company can magically erase your financial mishaps. If a company does not give you all of the information on your own personal legal rights, or if they don t explain that you can do things for yourself for free, they are probably an irresponsible company. Very few are legitimate and very few will do what they say.

If someone tells you that you cannot contact a credit report company directly, they are lying. If a company tries to get you to make up an identity and apply for an Employer Identification Number instead of your Social Security number, make sure that you like them because you will probably be sharing a prison cell with them. If anyone asks you to pay for any sort of credit fixing services up front, they are scamming you. The truth is that no one has the capabilities of removing anything negative from your credit report. The point is simple: everything that a credit repair service can do, you can do for yourself. You may dispute something in your credit report, but you can t have someone go into the computer system and erase it. The issue then becomes whether or not you want to do it yourself.

You do have to ask for the credit report within 60 days of denial though. Everyone is entitled to a free credit report if you have run into problems like being denied for something like insurance, or employment. If you are unemployed, or if you, on welfare are suspecting identity theft, you are entitled to one free report a year. If you decide that you need an additional copy of your credit report before 12 months, you will have to pay a$ 50 additional charge. Certain companies are required to fill this free request such as Equifax, and TransUnion to, Experian name a few. In the case of credit prevention is the best medicine. As an added measure of precaution you may want to enlist the help of one of the credit report companies.

Don t fall into the trap of letting your payments slip and you won t have to deal with the hassle of repairing it later on. Many people use these companies to keep their records up to date and alert them of any identity theft. And you can visit their ftc website for further information. The government can also be of service. When it gets right down to it, the best way to avoid dealing with credit repair is to not get yourself in that position to begin with.

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