building better credit report
The American dream is a puzzle, both for those who study it and for those who pursue it. We should never forget that this dream is connected to the credit as much as a fragile flower to the sun. What would you say is the American dream? "Today's American dream," Lendol Calder, author of the Financing the American Dream replies, "includes a house in the suburbs with a backyard for the kids to play in, a patio for barbecues, a shady street bright and obedient children, camping trips, fishing, two family cars, seeing the kids taking parts in school and church plays, and online access to the world" (3). This is not the end of the puzzle. In fact, it's just the beginning. To reach this dream is necessary to keep credit clean and under control. There are important things that need to be done to improve credit. There are three important players in the consumer credit game; creditors, credit reporting services and credit repairing agencies. All of them are in the game to make money but none of them are truly here to help the consumers. Creditors are the first one. They allow clients, purchasers, customers and buyers to use future income to purchase goods and services today.
A. There are four efficient ways to establish credit C. Credit repairing agencies claim to be able to influence credit rating I. There are three important players in the consumer credit game. B. Credit reporting services provide crediters with informations about every consumer 2. Dispute all erroneous information. Most of credit consumers need to repair credit. The first step to improve credit is by requesting your credit report. To request a copy of credit report, consumers must enclose a copy of driver's license, credit card bill or utility bill. If it's the first time it should be included full name, address, previous address, social security number, and a copy of a billing statement (McNaughton 68). The credit reporting services charge eight dollars for a report, a fee that is waived if you are unemployed or disabled. In fact, Edwards Audrey, author of "U-Do-It Credit Repair" notes, "By law, if you have been turned down for credit, each of the three major credit bureaus must send you a copy of your credit report free of charge" (1). To get this free report the consumer's request must be accompanied by a copy of the denial letter. Once a copy of credit report has been received, determine the status. Unfortunately, 70% of American consumers have at least one item in their credit report that is negative (Hammond 41). Trouble is, the information may well be incorrect, misleading or inaccurate. It is definitely recommended to attempt to remove all erroneous information by writing to the credit bureau to dispute all entries you think are inaccurately reported. Check all the dates, amounts and account numbers. When a dispute is filled, it is the creditor's responsibility to respond about the disputed item. The credit reporting agency will complete the investigation with the creditor within 30 days. If the dispute is not answered by the creditor or it is unverifiable, the item must be removed (Jones 2). Now we know how to get credit report and dispute erroneous information when it's false.
Some common words found in the essay are:
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Approximate Word count = 2099
Approximate Pages = 8 (250 words per page double spaced)
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