Credit

Aug 11 2017

Credit Disclosures #credit #cards #online



#free credit report uk
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Credit Disclosures

You may be eligible for a credit report at no charge or a reduced fee

Public Assistance Fraud Victims Negative Credit

Under the FACT Act amendments to the Fair Credit Reporting Act. you are entitled to one free annual credit report from each of the three major credit reporting companies in a 12-month period.

TransUnion encourages consumers to exercise this right and contributes to a dedicated website that is designed to help with the fulfillment and management of the free annual credit report initiative.

Additionally, you can learn more about other circumstances that may entitle you to a copy of your personal credit report at no charge. You may be eligible for a free credit report in addition to your free annual report if:

  • Within the last 60 days, you have received an adverse action notice (i.e. you have been denied credit) based on information in your TransUnion Credit Report.
  • You are unemployed and plan to seek employment within 60 days.
  • You receive public welfare assistance.
  • You have reason to believe your TransUnion Credit Report is inaccurate due to fraud.
  • Your state offers a free or reduced-price credit report.

Free Annual Credit Reports and TransUnion Credit Reports are accessible to the vision impaired. Online reports are compatible with screen readers. Accessible formats can be requested by telephone or mail; please specify Braille, audio or large print

You have the right to know what is in your file.

You may request and obtain all the information about yourself in the files of a credit reporting company (your “file disclosure”). You will be required to provide proper identification, which may include your Social Security Number. In many cases, the disclosure will be free. You are entitled to a free file disclosure if:

  • An adverse action has been taken against you because of information in your credit report (i.e. you have been denied credit).
  • You are the victim of identity theft and placed a Fraud Alert on your file.
  • Your file contains inaccurate information as a result of fraud.
  • You are on public assistance.
  • You are unemployed but expect to apply for employment within 60 days.

The Fair Credit Reporting Act (FCRA) gives you specific rights when you are, or believe that you are, the victim of fraud or identity theft. Here is a brief summary of the rights designed to help you recover.

Fraud Victim Bill of Rights

It s best to avoid having negative records on your credit report.

Generally, negative credit records, such as collection accounts, bankruptcies and late payments, will remain on your credit reports for 7-10 years. Paying off the account sooner doesn’t mean it s deleted from your credit report, but listed as paid. Of course, it s smart to pay your debts, but expect the major change in your report to come after negative records expire.



Written by CREDIT