Susie Byrne asked:




This is one of the main reasons that people should be using credit report companies to monitor and assist them with their credit.

The following are 5 features the credit report companies offer:*

*Knowing if your identity is protected

*The identity theft protection through these companies allows someone to check their credit report whenever they feel it is necessary. With this feature, they can make sure everything on their report is supposed to be there. It also has daily alerts to keep you informed.

*Access without your knowledge

*The daily alert feature offered by the credit companies notifies a person right away is someone is unlawfully trying to access their credit score. Some people who have poor credit scores will try to use another person’s account that has a better credit score for personal gain. With the daily alert, anyone who is trying to access the account who shouldn’t will be stopped and the person will be notified right away. Without this feature, a person could lose money and valuable time and might not know this has happened.

*Up To Date Credit Reports

*When you first sign up with a credit report company, they give you an outline of all of your credit information. This will help you keep track all of your financial activities on a daily basis.

*How to Handle and Fix Bad Credit

*When you first sign up with a credit monitoring company, they will go over all of your credit information with you. This will help you determine if there are any issues and they will help you improve in those areas. When you review your credit information at a later time you will see the improvement in your credit with the help of the company. They will also help avoid any news issues from hurting your credit score.

Help for Planning

*If you want to stay on top of your credit to insure you score stays high, registering with a credit report company will be a great asset. If your credit is low they will help you bring up your score. They will also help you maintain and improve on that score. They will give you assistance for a specific reason you want your credit score and help you achieve that goal. Whether it is for a house or just to plan financially for the future.

* Even if there is no specific reason, there is comfort knowing you are being protected from fraud and your credit will be safe. After all, you have worked hard for your credit and you took the steps to protect it. You deserve to know there is someone else looking out for it.

Stacy

Gary Bunn asked:




Your credit report is the one piece of financial information on which you will be judged on forever! This is the one piece of personal information that will determine if you are accepted or turned down for every credit application you make in your entire life. Its not surprise then that having a poor or damaged credit report can be a real worry.

Its not only used in the decision to grant you credit, but it also effects the terms of your agreements. For example do you have to pay a deposit? What interest rate will you be offered? Will you qualify for a better deal? Do you need a second person to be a guarantor? Almost every decision regarding financial credit facilities is decided using the information on your credit report.

Even though most of us understand just how important our credit rating is, sometimes we still end up in difficult situations which reflect badly on our credit files. That’s just life and sometimes it’s simply unavoidable. Perhaps you’ve noticed errors on your credit report or maybe there’s incorrect information recorded against your name? Damaged credit can happens due to a huge variety of reasons, so it’s not something you ought to be ashamed of. What’s important now is getting your report back on track..

The first step you must take to begin repairing your credit file is to get hold of a current copy of your credit report. You can get a free copy of your credit report from all 3 major companies here. You’ll then need to spend some time reading through your file and highlighting any errors or information you think might be incorrect or misleading. This may take an hour or so, so grab a coffee, sit down and get to work!

Next you’ll need to make the credit referencing agencies aware that you are disputing some of the information on your report. You’ll find contact details for each agency on the credit report itself. It’s really simple to contact them and you can normally do this online. They will then be obliged to investigate the issues you’ve highlighted. Normally these agencies are quite helpful. After all it’s in their best interests to have the most accurate information possible.

Now it’s time to contact the companies on your file that claim you owe them money. This may be a debt from years ago or it could be a more recent debt, for this purpose it doesn’t matter, anything that shows as a debt needs to be addressed. Write a short letter to the companies shown on your file asking them to validate your debt with them. They are legally obligated to send you proof of this within 30 days. Make sure you keep copies of the letters you write for future reference. If they cannot or do not comply within the allotted 30 days, they are legally required to delete you from their systems and the credit referencing agencies will remove the entries from your file. You’d be surprised how many companies can not provide you with this proof because of poor record keeping!

Now you will be in a position to see exactly how much you owe and to whom. Contact the outstanding creditors and make offers on repayments, you do not need to clear the debt in full in one go if you do not have the cash available. Companies are very helpful when it comes to arranging repayments you can afford. Your payments will then begin to show on your credit report within a month or so, instantly beginning to strengthen your report. Keep making repayments you can afford and stay in touch with the companies you owe, this way your report will reflect on time payments, your debt will decrease and most importantly your credit rating will improve with every passing month!

You can get hold of your Free Instant Credit Report here today if you’d like to know what’s on your file.

Susan

scheeljason asked:


I don’t have poor credit but my wife’s is good. We are wanting to buy a house at the end of the year. We are have been slowly trying to fix my credit but it takes time. Will we be able to get a home lone? What can we do to ensure that we get good rates on a home lone even though only one of us has good credit?

Duane

Terissa M asked:


My husband has poor credit and is stuck in an ARM loan on his house, which he has NEVER missed a payment to. He is currently with Wells Fargo and they are requiring 2 tax years at the same job before they will refinance us. Does anyone know a company that is reputable in working with people with low credit and can refinance us into a FIXED rate?
the house loan in 74,000 the tax appraisal (this is the lowest appraisal) is for 89,000 most likely can be appraised for over 100,000
his interest rate is 9.95 =( I do not know where the original loan papers are think his X has them so i do not know why it remains so high

Elsie