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Checking Your Credit
Check Your Credit Report
You can check your credit by ordering a copy of your credit report from one of these national credit bureaus. There is normally a charge of around $9.00 for the report.
Equifax: www.credit.equifax.com 800.685.1111
Trans Union Corp: www.transunion.com 800.888.4213
Experian: www.experian.com 888.397.3742
You may also qualify for a free credit report.
Visit this web site for details:
www.AnnualCreditReport.com
Helpful Credit Information
Pay off as much as you can on credit debt and high-interest loans. The lower your debt, the more likely it is that lenders will approve your loan.
Don’t make a major purchase (such as a car) on credit unless you have little other credit debt. Lenders will be most interested in borrowers who have the lowest debt.
Contact creditors who have filed negative information about you. A bad mark can result from something as small as a $5.00 balance on a card you thought was paid off or cancelled. If you can resolve the problem, send a written request asking the creditor to remove the unfavorable mark from your record, and to report to you when they do so. This may take up to 90 days.
Contact the credit bureau if a creditor has mistakenly or unfairly given you a bad mark. Document the facts and write a letter to be attached to the offending entry in your file.
Contact the credit bureau to correct any mistakes it has made in compiling your record. Be prepared to offer documentation (for example, a letter from a creditor stating that your account is clear, or cancelled checks for payments you made).
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