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In the United States there are three agencies that collect consumer information and provide your credit report to businesses. These are Experian, Equifax, and TransUnion. If you have been denied credit you are entitled to receive your credit report for free. Also certain states have a law that they must supply you with one free report per year if you are a resident of that state. It is a good idea to check your credit report at least once a year to be sure that the information is correct and that there are no unauthorized accounts in your name. Identity theft is the fastest growing financial crime in America. Often consumers are not even aware that they are victims until they have a credit application denied.
What else can I help you with?
Collection acct removed but original creditor still remains?
Yes, reporting to your credit by a collections agency does not effect the reporting originally made by your creditor. It most normal cases you would see the original creditor having reporting the account as a "charge off" regardless of any reporting made by a collections agency afterwords.
Do addresses come up on credit report?
Yes, addresses come up on a credit report. Generally, the most recent four addresses are represented on a credit report - the current address and the three prior addresses. Not all credit reports are up to date, however, so there may be less recent addresses in the credit report and it is up to the individual to update the credit reporting agencies. IN the United States there are three (3) credit reporting agencies and every citizen is allowed to get a free copy of their report from each agency on an annual basis. Be sure to check your credit report from each provider at least once per year and request updates to addresses that are out of date.
How does a business report a customers good credit monthly to the three major credit bureaus?
Most CC Companies "Openly Share" with the reporting agencies, Meaning at any time they can see your account and account history. When doing this the reporting agency gathers all of the "good" the CC compoanies only report the "bad". Review your credit report and see what the cos do. CC and other creditors generally are on constant report...they report that you have apid as agreed (which is good), and when you have paid late - even by how long (bad), and not at all (terrible).
What credit agency is the most accurate?
None. They all have rates of inaccuracy and about 70% of all consumer reports contain errors.
What are the two most common deductions?
When itemizing, the two most common deductions are home morgage interest and property taxes. If you mean credits the two most common are the child tax credit and earned income credit. Both deductions and credits lower or go against your tax liability.
Where can one find a Credit Reporting Agency?
Credit reporting agencies can be found in a number of locations. The most common locations are the yellow pages, on online at equifax, gcs-credit, and consumer.ftc.
What are the three most common credit reporting agencies?
The three most common credit reporting agencies are Experian, TransUnion, and Equifax. A person can request a copy of their credit report from these companies for free once a year.
What does xpn1 previous status 09 in credit report mean?
XPN1, XPN2.....are reports from the credit reporting agency Experian EFX1, EFX2.....are reports from the credit reporting agency Equifax 1 and 2 most likely identify you and your spouses individual report with a combined rating for certain types of credit.
Collection acct removed but original creditor still remains?
Yes, reporting to your credit by a collections agency does not effect the reporting originally made by your creditor. It most normal cases you would see the original creditor having reporting the account as a "charge off" regardless of any reporting made by a collections agency afterwords.
How do you remove items from your report where the most recent activity on them is over 7 years old?
Call the credit reporting agency and ask them to remove it.
What are the most common complaints about the Harris Collection Agency?
The most common complaints about the Harris Collection Agency are related to aggressive debt collection tactics, harassment of debtors, inaccurate reporting of debts, and lack of transparency in their communication and processes.
Does a company have to tell YOU why they turned YOU down for credit?
Yes, they are bound by law to disclose why they turned you down. Most of the time they will tell you that is was based on information from your credit report. They will also tell you which credit reporting agency they used. You are entitled to a free copy of your credit report for 30 days. If you find errors on your report, dispute them with the creditor and the credit reporting agency. For free sample letters and templates you can use for this purpose, check out http://www.creditscoresystems.com
How can one contact credit report agencies?
There are multiple ways to contact credit reporting agencies. Email or by phone are some of the most common ways.
Can unpaid co-payments for Hospital bills hurt your credit report?
Yep! If the ambulance company turns your account over to a collection agency that agency might report the collection on your credit. Medical collections are the most common type of collection on a credit report.
What is the Mailing address for Credit Bureaus?
Depends on the agency and the reason. Most can be found on their websites broken down for purpose. The three main reporting agencies are Equifax, Experian, and Transunion (I believe). www.equifax.comwww.experian.comwww.transunion.com
Will not paying for a timeshare give you a bad credit?
Yes. It is a debt and if defaulted on will most likely be reported to one if not all the major CRA's. Yes. It will affect your credit reputation. If you still have money on your bank account, it is possible that it can be collected through this. It can be reported to a credit agency as it is considered a debt. The effect on the owner is that he will have a bad reputation to lenders. Yes, it will give you a bad credit. If it will be reported to a credit reporting agency, you will have difficulty making a loan in the future.
When a collection agency buys a debt from a credit card company does a new statute of limitations start from the day it was purchased or does the collection agency's statute remain the same?
The statute of limitations starts counting immediately when you made the last payment to either the credit card company or the collection agency. If you ever make a payment to either of them the statute of limitations will start over. If you have not made any payments to the credit card company recently and the credit card company sells the debt to the collection agency, the collection agency's statute of limitations will be from the date that you last paid the credit card company. Furthermore, if the statute of limitations is over and the collection agency continues to keep collecting the debt, you can send them a letter (certified is the preferred method) to stop all contact with you. Under the Fair Credit Reporting Act (FCRA), they would be required to stop immediately upon receipt of the letter (unless they are taking legal action in a court then they can send you legal notices only). If they do not stop, you are entitled to collect monetary damages as outlined in the FRCA. This does not stop the collection agency from reporting to your credit report. Your credit reporting falls under a different set of rules which basically removes most collections debts (except for court judgements) after 7-10 years.
