YOUR PERSONAL CREDIT SCORE IS VERY, VERY, VERY IMPORTANT!!!!!!
This single number has probably the most influence in your financial life. It influences the interest rate of virtually everything you finance. It can influence your ability to become employed and/or move up in rank in your employment. It is the profile used to judge your character as a financially responsible person.
That said, folks, it is also important that you understand that a Personal Credit Report from any or all of the big three Credit Bureaus, Experian, Equifax and Transunion, is simply the reporting of what anyone registered to report to these Bureaus passes on to them.
Data from inquiring lenders, lenders that have extended credit to a borrower, a collection agency of any kind, Local governments, State governments, the US government, and many other establishments, is reported and the Bureaus receive a fee for doing so. This Data is either reported correctly or it isn’t.
Lenders and Vendors use the information from the Credit Bureaus as the main barometer in choosing to extend credit, meaning the Bureaus are the guardian tools for those Lenders and Vendors. Keep in mind that all three Bureaus are “for profit” companies that have a bottom line that they are motivated to make as large as possible. Also keep in mind with any business there is a potential for mistakes and inaccuracies. In our wonderful country when a negligence to the public for the sake of profit becomes apparent, there is typically a check and balance system. In the case of the Credit Bureaus, that was realized and The “Fair Credit Reporting Act” was handed down from the FEDERAL TRADE COMMISSION to protect your personal credit.
EVERYONE LISTEN UP!!!!!!
The “Fair Credit Reporting Act” is yours…. The American Public’s guardian tool. So just like the Lenders and Vendors you too have someone working on your side and that is the FTC. Keep in mind, America, you are made up of over 200 million adults and almost all of you are tracked through a Credit Bureau. DO YOU THINK THERE IS A POSSIBILTIY FOR AN INNACURACY????? Have you ever had an inaccuracy on your phone bill, your dry cleaning bill, your bank statement, a credit card statement, and an electric bill? Most of us have, so why does the general public assume that a Credit Bureau doesn’t make mistakes, is it perhaps because they confuse the word BUREAU with some type of public service or public agency…well wake up everybody, THEY ARE NOT. DreamCreditUSA would love to hear about your situation and provide any help we can in insuring the items on your credit reports are reported properly according to the Fair Credit Reporting Act. Call and find out the truth about your rights as a consumer!
In closing folks if your on the net searching for repair credit, credit repair, credit management, credit help, credit solution, improve your credit, fix your credit, credit assistance, improve credit etc. you will find claims saying there are tricks to the trade ways to raise your credit score in 30 days or less, see your report 24/7 etc.
All of that has nothing to do with you improving your credit profiles with the bureaus; it’s all sales jumble. The only way to improve your situation is to participate with a professional licensed, bonded company that knows how the Fair Credit Reporting Act and can help “You the Consumer” not another consumer but “YOU”!!! Understanding how the Fair Credit Reporting Act can be your friend is the key. DreamCreditUSA would love to hear about your situation and provide any help we can in insuring the items on your credit reports are reported properly according to the Fair Credit Reporting Act.