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mark_2005
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 Posted: Mon Dec 26, 2005 10:06 am Post subject: Is checking the credit report chargeable? |
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I want to know if I have the right to know the contents in credit report? Is there any charge for that?
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 jameshogg
Joined: 20 Dec 2005
Posts: 4189
Location: nevada
492.91 Dollars($)
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| Posted: Mon Dec 26, 2005 10:16 am Post subject: |
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Your credit report right allows to you to know everything about your credit report. You need to ask for it. You must be given a copy of your report by the CRA and the sources of the information contained in it.
You should also get a list of the person or agencies who has requested your report within one year.
The charge is generally $9 for a copy of your credit report. Hope this information will come to your help.
James |
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murphy
Guest
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| Posted: Mon Dec 26, 2005 11:25 am Post subject: |
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Hi Mark,
There are certain points you should know on the consumer right on credit report. CRAs or Credit Reporting Agencies gather information about your credit history and maintain a file on you. Credit Bureaus are the most common of them. There are three major credit bureaus - Experian, Equifax and Trans Union.
You have every right to know the information on your credit report including medical information and the source of information.
You can check the accuracy of your report and may complain if you find any inaccurate information.
Based on your credit report if you have been turned down on your application or any sort of action taken on you, then you can get a copy of the credit report at free of cost. But you have to request for the copy within 60 days after receiving the notice.
You can get one free report every year if you are able to prove that you are unemployed and has a plan to look for a job within 60 days. In case you are on welfare or find you find your report not accurate because of fraud, then also you can have a free copy of the credit report.
Thanks,
Murphy |
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Samantha
Community Mentor
Joined: 16 Sep 2005
Posts: 1597
Location: MASSACHUSETTS
148.36 Dollars($)
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| Posted: Mon Dec 26, 2005 11:51 am Post subject: |
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Hi Mark,
I think you got an idea on the credit reports that you can enjoy as given James and Murphy. The laws under fair Credit reporting Act(FCRA) and the Fair and Accurate Credit Transaction Act(FACT) gives you right to obtain and use your credit report.
I would like to add some more points regarding credit report right here -
- You can collect a free copy of your report from all three credit bureaus.
- You have the right to get a complete and accurate report and understand your credit report.
- If you find anything improper in the report you can make a complain with bureau who in turn must your dispute within 30 days.
- You can get all the information, that can't be verified, deleted from your report.
- The report should allow you to make a fresh start by deleting all the negative credit deleted from your file after seven years.
- You can know the name and address of the bureau who prepared your credit report responsible for denying you credit, insurance or employment and also the nature and substance of your credit file.
- If you don't want information of your report to be supplied to your employer without your consent, you can inform it to the credit reporting agency.
Hope this information will help you.
God bless you.
For Mortgagefit,
Samantha
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