*Did you know that your credit score can affect how much you pay for health insurance and car insurance by hundreds of dollars a year? It can also affect the interest rate you get on a house loan, car loan, even affect your opportunity for employment. It's unfortunate, but many companies judge you and what they will offer you based on your credit score (FICO) and credit history.
Some TIPS to try and help increase your credit score when your credit score is LOW
* Pray and ask God to give you wisdom and favor!
* Pull all three credit reports yearly - FCRA requires each reporting companies — Equifax, Experian, and TransUnion — to provide you with a free copy of your credit report, at your request, once every 12 months.
* Check to make certain everything listed belongs to you. - You'll be surprised what you find that was placed on your credit report in error. If you find something that's not yours DISPUTE it!
* Check the address listed on your report. Make sure they were your place of residences - Someone with a similar names address and/or info may have been placed on your history.
DISPUTE the address info and have them delete it.
* If you find something that is yours and you know you didn't pay a company or missed it - DISPUTE it also! * Companies have 30 days or so to submit a response - if they don't for what ever reason - it's taken off automatically. Keep in mind that many company go bankrupt and/or close and if they don't exsist, it's more than likely they will not respond. ( If they don't respond ---Walla! OFF IT GOES!)
Some TIPS to try and help increase your credit score when your credit score is LOW
* Pray and ask God to give you wisdom and favor!
* Pull all three credit reports yearly - FCRA requires each reporting companies — Equifax, Experian, and TransUnion — to provide you with a free copy of your credit report, at your request, once every 12 months.
* Check to make certain everything listed belongs to you. - You'll be surprised what you find that was placed on your credit report in error. If you find something that's not yours DISPUTE it!
* Check the address listed on your report. Make sure they were your place of residences - Someone with a similar names address and/or info may have been placed on your history.
DISPUTE the address info and have them delete it.
* If you find something that is yours and you know you didn't pay a company or missed it - DISPUTE it also! * Companies have 30 days or so to submit a response - if they don't for what ever reason - it's taken off automatically. Keep in mind that many company go bankrupt and/or close and if they don't exsist, it's more than likely they will not respond. ( If they don't respond ---Walla! OFF IT GOES!)
Save Money Tip*
Whatever you owe - call the company/Collection agency and try to NEGOTIATE PAYMENT, (ask for a settlement amount that is less and/or a payment schedule that is easy for you). Don't ever be afraid to ask - go in with confidence and have a little faith that with time, you will be able to fix your credit history.
For helpful and more step-by-step direction please reference - http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre21.shtm
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