Can I Finance A Car With A Fair Credit Score The Truth About Credit Reports

You are searching about Can I Finance A Car With A Fair Credit Score, today we will share with you article about Can I Finance A Car With A Fair Credit Score was compiled and edited by our team from many sources on the internet. Hope this article on the topic Can I Finance A Car With A Fair Credit Score is useful to you.

The Truth About Credit Reports

Credit bureaus are pretty bad at keeping accurate records. In fact, there’s at least a 1 in 3 chance that your credit report contains inaccuracies… and that’s a LOW estimate. The Charles Givens organization estimates that an unbelievable 90% of credit reports contain inaccuracies!

So as you can see, using even the low estimate, it’s very probable that items in your credit report have mistakes, or may not even be your accounts at all! But worst of all… even ONE mistake can result in you being turned down for credit!

The Fair Credit Reporting Act

It’s because of these abuses in credit reporting that the United States Congress passed the Fair Credit Reporting Act (FCRA) in 1972.

The FCRA empowers the consumer under Federal law regarding their credit report, among them the right to insist that credit bureaus verify information in their credit report the consumer believes is being reported inaccurately.

We Look Into Possible Errors On Your Credit Report

We all well-versed in consumer rights under the Fair Credit Reporting Act, and with the remedies available to you to make sure that everything in your credit report is being reported accurately.

We will review and analyze your credit report and look for items that we think, based on our expertise, have a high probability of being incorrect. After identifying probable items of concern, we will guide you in dealing with the major credit bureaus to make sure that errors are corrected, as required by the FCRA.

What Manner of Errors Can Occur?

1. Wrong accounts

2. Details of an account are being wrongly reported

3. Timely payments being reported as late

4. Mortgage details are incorrect

5. Incorrect employer information

6. Salary being reported incorrectly

7. Wrong address being reported

8.You applied for an account but never opened it

9. Your child opened an account in your name

10. Payments made were not credited

11. Paid off accounts are not shown as paid off

12. Report shows pending legal actions when there are none

13. Accounts that were paid are inaccurately being shown as collection accounts

14. Settled legal actions still show as pending

15. Credit limit amounts incorrect

16. Paid car loans still showing as open

17. Social security number incorrect

18. Report incorrectly shows you as having filed for bankruptcy

19. Report shows a bankruptcy pending that was already discharged

20. Account closed by you is shown as closed by the merchant

21. Report shows a foreclosure as pending that was already settled

We Set Up a Plan to Act on

In conference with you, we will prepare and put into practice a strategy to help you confirm and verify that all the accounts in your credit report are being reported accurately… to confirm and verify that it was you in fact who applied for all the accounts in question, and that every detail of those accounts is being reported correctly.

We will guide you in carrying out the plan, and we will work with you in the execution of the plan until all the items in your credit report have been either verified as accurate or have been corrected.

We Also Investigate Various Other Factors in Your Credit Report

Negative account information in your report isn’t the only issue that can cause you to have a low credit score. But this is where a lot of “Credit Repair Agencies” quit!

But we don’t stop there. We go beyond just challenging account information in your credit report.

Did you know that the number of requests for your credit report can lower your score? And since the credit bureaus have such a problem keeping accurate records, there’s a high likelihood that requests were made that you did not authorize (as required by law).

Another important issue is the “debt ratio”… your level of debt compared to your “credit limit.” We also help you to adjust these levels to improve your credit score.

“Types” of debt also affect your credit score. Too many debts of the same kind (revolving or installment debt) can bring your credit score down. We’ll look for difficulties in this area and guide you in reaching a better balance.

Video about Can I Finance A Car With A Fair Credit Score

You can see more content about Can I Finance A Car With A Fair Credit Score on our youtube channel: Click Here

Question about Can I Finance A Car With A Fair Credit Score

If you have any questions about Can I Finance A Car With A Fair Credit Score, please let us know, all your questions or suggestions will help us improve in the following articles!

The article Can I Finance A Car With A Fair Credit Score was compiled by me and my team from many sources. If you find the article Can I Finance A Car With A Fair Credit Score helpful to you, please support the team Like or Share!

Rate Articles Can I Finance A Car With A Fair Credit Score

Rate: 4-5 stars
Ratings: 6548
Views: 67748842

Search keywords Can I Finance A Car With A Fair Credit Score

Can I Finance A Car With A Fair Credit Score
way Can I Finance A Car With A Fair Credit Score
tutorial Can I Finance A Car With A Fair Credit Score
Can I Finance A Car With A Fair Credit Score free
#Truth #Credit #Reports

Source: https://ezinearticles.com/?The-Truth-About-Credit-Reports&id=4589876

Related Posts

default-image-feature

Can I Finance A Car With A 680 Credit Score How to Improve Your Credit Score With a Secured Credit Card

You are searching about Can I Finance A Car With A 680 Credit Score, today we will share with you article about Can I Finance A Car…

default-image-feature

Can I Finance A Car While In Chapter 13 Bankruptcy Chapter 13: When Trying To Settle Bankruptcy Medical Bills

You are searching about Can I Finance A Car While In Chapter 13 Bankruptcy, today we will share with you article about Can I Finance A Car…

default-image-feature

Can I Finance A Car That Is Only 5 000 How to Manage Risk When Trading FOREX

You are searching about Can I Finance A Car That Is Only 5 000, today we will share with you article about Can I Finance A Car…

default-image-feature

Can I Finance A Car And Then Change State Residency Creative Outdoor Advertising Ideas for Car Dealers and Real Estate Professionals

You are searching about Can I Finance A Car And Then Change State Residency, today we will share with you article about Can I Finance A Car…

default-image-feature

Can I Finance A Car And Put A Huge Downpayment 8 Most Important Factors When Comparing Short-Term Loans

You are searching about Can I Finance A Car And Put A Huge Downpayment, today we will share with you article about Can I Finance A Car…

default-image-feature

Can I Finance A Brand New Car With Bad Credit 0% Down Auto Loans For Bad Credit Drivers – 3 Frequently Asked Questions

You are searching about Can I Finance A Brand New Car With Bad Credit, today we will share with you article about Can I Finance A Brand…