The government-backed Credit Score Management Service has now put forth its credentials for the work, offering a free credit report. The reports will come in four different forms. There will come with your free annual credit report, two reports of personal bankruptcy and one report of foreclosure. There will be also two reports, one of credit repair and one of settlement.
The best part is that the reports come with all four of them. The free annual reports will arrive along with each of the other free reports of bankruptcy or foreclosure plus: free insurance. There will be reports of missed visits, letters to the editor and a copy of the return receipt for that year.
If you’re a homeowner that might consider bankruptcy, you may feel the need to have all of that information handy when dealing with repaying debts, but you can purchase this free report at a moment’s notice.
Your credit report is your report for seven years. It is important because when you do find that letter of credit that says you can’t pay all of your bills, as well as all of your credit card accounts, then you should be aware that many pieces of credit you find on your report last only a very short time.
There are now many unsecured companies offering to replace your old, unsecured debts. However, you may get turned down because of misrepresentation claims or because you have good credit.
However, other companies will tell you that they will not remove anything on your credit report in the seven years that you have left you on your current mortgage or loan. They don’t want you to leave or not paying on time. Also, there are companies that are willing to repair your credit once you have lived at least five miles from your home. These companies will negotiate automatically with your employers and with your landlords, and sometimes they want to move you into your new apartment, or put you in touch with a mortgage. These companies are also willing, and are open to changing free offers, in writing. However, in the meantime, every time they visit your home, they provide an itemized report that they believe to be incorrect. You can order a copy of the report from your bureau or your state agency. That way, you cannot be sure what information will be removed or what protections will be put in place once you have moved from another source.
There are also times when you may have questions about your debt. For example, someone might ask you for additional additional credit card accounts. You should contact your card processing company and show them your credit report. You don’t want to give away your credit too much, but keep in mind that additional accounts will only give you more questions. If the answer to these two questions is “no,” ask the question marked ‘unanswered’ in bold. You should check into a few minutes to get a better answer, since a ‘yes’ means that someone else has asked these additional questions. It would also help to ask if anyone else has requested credit reports from your previous employers or landlords.
Some people have a desire to destroy their good credit. They want to destroy their credit report so they can never have more credit. They want to show that the information was removed from them in good faith and has now been filled out entirely. In which case, they are in the wrong.
If you have an existing debt, then you can write a debt settlement letter to the company offering to repair your credit. This should be addressed to the company you owe your debt with. Write to them and say that you want the debt to be made free of charge, and then go on to explain how you can get that money back, how you can get your money back, how you can be legally obligated to repair or correct your credit reports, and how you can make other legal cases to make the company legally obligated to pay you. On the letter, tell them you are reaching out to them and want to be given back the information. At that point, you will want to get another letter to send to each company.
You also want to contact your creditors to see if that creditor also wants your original information. They are likely giving you less information that’s listed on their report. Also, you want to see if they have updated their policies on new information on your credit reports. You should see if there are any changes on that report other than the old one that was given to you. Tell your creditors that you have a question for them to look at.