Credit report - Free online credit report - Online credit report - Credit report repair - Free credit report - Credit bureau report - Consumer credit report
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To better understand the issues relating to your legal situation or problem, our legal information and other law related facts may be of interest to you
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Is there quick and easy way to repair credit history?
No. There is none.
No one can legally erase, correct, or repair information that contained in your credit file if it is accurate. Credit Reporting agencies must keep negative information for 7 years and bankruptcy for 10 years according to FCRA.
The Consumer has the right to correct the any items on credit file but only those which are not correct.
Another way to repair your credit history is to present consistent on-time payments for a long period of time.
If you have a negative item on your Credit Report the weight of this item becomes lesser with every each year. In this case you can really tell that "time cures". Information in Consumer credit profile will be changed only if the items are wrong, or are dated beyond the 7 or 10 year period, required under FCRA.
However, there are measures you can take to increase your Credit score and chances for receiving credit in the future, even if your applications have been declined in the past.
If your credit file contains late payments, delinquencies or other negative items, you may be denied credit for large purchases.
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Return to all Credit Report legal information
Legal Articles about Credit Report
Credit Report Frequently Asked Questions
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Credit report correction techniques
Many times the credit bureau is busy and does not handle your dispute properly ...
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Basic rights under The Fair Credit Reporting Act
All Federal Laws are in consumer's favor and you will have the advantage ...
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Credit Scoring and the Lending Industry
Credit scoring is crucial to your ability to get a loan. When you apply for a mortgage, your lender ...
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Big data meets Big Brother as China moves to rate its citizens
Wired.co.uk
The first is credit history. For example, does the citizen pay their electricity or phone bill on time? Next is fulfilment capacity, which it defines in its guidelines as "a user's ability to fulfil his/her contract obligations". The third factor is ...
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This Alternative Credit Agency Lets Immigrants Bring Their Credit With Them
Fast Company
Millions of immigrants enter the United States lacking something important for success: a documented financial history or credit score. Unable to prove their reliability to lenders, they find it harder to rent an apartment, lease a car, or get their...
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