trin2bhealthyn08 asked:


This occurred in 1998 and I know that it is only suppose to be on my credit report for 7 years.(not a bankruptcy) The problem is, apparently it keeps getting picked up by different collection agencies so it keeps “re-appearing” on my credit reports. It’s the only negative thing on my cr but it’s something that could hurt my chances for a good interest rate on a future loan. How can I get this “permanently” off my credit reports?? Help!

Eileen

Angie asked:


I had a couple of credit cards with low balances charge off on my credit report in 2003. When will these stop reporting to my account?
And if its 7 years, what needs to be done after 7 years? And do you go from the time it was charged off, or from the time the account was opened?

Harold

ross_j_englert asked:


Equifax is the main credit reporting agency to the credit unions I am with and they are report derogatory information about me which prevents me from getting low intrest credit cards and personal loans.

Jerry

Josh Q asked:


I have no reason to think that there would be a problem with my credit report, but I would like to check it because I have NEVER done so! Can anyone recommend a good way to do it?

Vivian

dimax g asked:


My mom has been thinking of buying a car from the dealer. I know they check your credit and was wondering what exactly shows up on a credit report and if they show you the stuff that shows up?

Greg

babybeast asked:


For example, if the credit card company changes your account number and moves everything to a new account, does your credit report now say that the old account is closed and you just opened a new account? I’m trying to figure out if you lose your old credit history when you do this—-especially if this is an account you’ve had for a while, and therefore is one of your oldest accounts since alot of credit is based on how long you’ve had things.

Edward

prudence asked:


Is there any way possible to get a totally free credit report online with no strings attached? How can I get a truly free credit report online? I don’t want to have to sign up for anything. Thanks!

Maria

jwthornhill1965 asked:


I recently checked my credit report and noticed that three credit inquires I made this December (MC, Discover & Visa) were still on my report. How long do they stay?

Amy

Daymon N asked:


I have some old key Derogatory reports in my credit report. Is there any way to pay these off to increase my credit score? Someone told me if you pay them off, it will still show negative on your credit report. What is the best course of action? I have under $5,000 in negatives on my credit report, and now I have a good job paying good money.

Michele

Dave Joa asked:


Instant Online Access.

Today in the UK you can now have instant access to get your free credit report online.

But what are the benefits of being able to see this record of your credit history and the other details that the credit reference agencies hold about you on your personal credit file.

In order to look at every potential benefit that your credit report could give you, we need to look at what your credit report is used for.

Who Uses Your Credit Report And How?

Your free credit report in the UK will be used by financial institutions whenever you apply to them for credit cards, loans or mortgages and by other companies when you apply for any product or service that requires you to sign up for some form of credit, such as a mobile phone contract.

All these companies want to know your current credit rating and they will determine this using your credit score, which they calculate with their own company formula using information on your credit history and current credit status from a copy of your credit report.

This credit check will involve checking your credit report from one of the three credit reference agencies in the UK all of which gather relevant credit and personal ID information about you to create your credit file.

Failed A Credit Check?

If you fail a credit check and don’t get the loan or credit you applied for, you usually won’t be told why or which credit reference agency was used.

However, the details held on your credit report can help you find out what is causing your application to be refused.

The reason may not even be a valid one as it is very easy for a mistake, typing error or old inaccurate information to be held on one of your three credit reports.

Such errors may relate to your credit history or the other personal data on your credit record, which is used to confirm your identification and what you put on your application form.

Major Benefit

A higher credit score will help ensure that you get the loans or credit you want and that you will get a better rate of interest than if your credit rating were lower.

To ensure that your credit score and therefore your credit rating is as high as it can be you need to make sure that everything on all three of your credit reports is accurate and up to date.

You therefore need to get a copy of your credit report from each of the 3 credit reference agencies. Don’t assume that if one is correct that the others will be!

Fortunately you can get instant online access your credit report at each agency for free as all agencies are currently offering a free trial of their UK credit report service.

You should take advantage of this to check all three of our credit reports and fix them if you find any problems. Just talk to the relevant agency about how to get issues with your credit report resolved.

Remember however that this could take time so start as soon as possible, especially if you are planning to apply for a loan or other credit some time soon.

Other Benefits

Your credit reports are a great asset and should be checked and maintained just like you check you bank statements. If you don’t check them they could easily become your greatest liability.

Effective management of your credit report could save you a lot of money over time and ensure that you are not refused credit when you need it.

If you are going to apply for a loan or mortgage then it makes sense to check you credit reports before applying as failed applications will be recorded on your credit file and can lower your credit score making your next credit application even more likely to fail.

When you fix your credit reports and get your credit score to be as high as possible you will be able to borrow more money from lenders and get more credit and all at lower interest rates.

Checking you credit report regularly is a great way of making sure that your identity has not been stolen and used in fraud to steal money or pay for products and services using your personal details and your money.

Compare reports from different credit agencies to make sure that they are all the same because when you apply for credit you have no way of knowing which credit reference agency your potential lender will use.

So What Next?

It is very easy to check your UK credit reports and you can do this online for free.

So do it now before you forget to make the most of this opportunity.



Jon