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Credit History – Identity Theft

There is no more perfect credit history than that you will receive. Many people simply get into bad credit with erroneous accounts, histories on previous instances of identity theft and often they cannot clear up the mess. Identity theft can affect you personally, too, as well as your family. If you have questions or need help setting up credit, the best advice is to do a little research on the credit industry’s website. Look for experts who are qualified to provide expert advice on how to improve your credit and your finances. Many experts discuss ways and methods for improving your creditworthiness and how to rectify mistakes or bad debts.

Your information is crucial. A complete credit history is essential for one to have a genuine credit history. Since the federal Fair Credit Reporting Act requires public and private credit insurance plans, the information you provide will help the consumer to better understand your credit history and to make informed choices about credit products and services.

Unfortunately, identity theft or theft of your credit history can keep you from getting credit for some time. You may be charged with fraud, and you may lose your job and other businesses. Identity theft does happen; however the law protects you.

There are good reasons to dispute any items on your credit history. If you choose to do so, the consumer must be entitled to a free report within 60 days of the first item on your credit report disputed. If, however, that is not sufficient, the credit reporting agency or the company that supplied the information successfully disputed all the items. For consumers who dispute items on their credit history, the agency or company must send you a written notice reminding you what you can do to improve your credit report. Your notice may contain the explanation that you can do whatever you want with your credit; no promises. You also may want to check out the complaints about the products or services you have purchased to make sure they do not constitute consumer products or services. Be sure to read the fine print; it includes terms and conditions.

Consumers who want to dispute or correct items on their credit history will have to pay a fee. You pay a fee if anyone takes a picture with your report in order to help with dispute resolution. Be aware that some consumer reporting companies may have charge-backs on items of their products which they keep out of view. This is especially true if you have changed, or were denied credit, insurance, or employment. You’ll want to review your report carefully to make sure the items you dispute do not constitute consumer products or services.

Make your dispute letter available to everyone you know who may have received it.

Credit History & Does It Matter?

Are you paying money on your credit? There is a huge body of knowledge out there about this extremely important area.

Credit History

This knowledge has been a cornerstone of our financial history for millions of years. For nearly 200 years, banks and credit card companies have been closely monitoring our spending and credit habits. We will tell you most of the time about how we use credit today, but today, we talk about how to obtain a credit card or get a car loan; about how credit scoring and scores work, when your score is changed, and so on.

Credit reports can tell us which consumers and companies are most responsible for a mistake. If we have missed a card payment, or defaulted on payment, our credit report can tell us whether that same creditor caused the debt to be paid. That information will help lenders decide whether to take the bill as settled and put an interest rate on it. You can access a copy of your credit history and found out how much you owe from a mobile phone bill you submitted to the credit bureaus.

Paying on Your Car
Since 2005, credit card companies are phasing out checks, insuring against bankruptcy, extending credit to consumers whose accounts are entirely full, and increasing the amount of the APR on credit cards. Make no mistake: this is the future.

Debit Cards
Banks may be phoning every little bank in the United States and demanding to know why you need a debit card, or why you don’t need one either. It is time that you got your debt out of your face but asked for the truth. Don’t use your debit card while you can only spend what you have in your credit account. In fact, there are some cards that can do you absolutely nothing except give you a huge discount on your purchases while you actually pay the bill. A debit card has the advantage of providing these zero percent APR rates only.

Where can I find the best deals?

Credit bureaus have compiled a list of the best credit card offers.