| Your credit report contains
information about where you work, where you live, and how you pay your
bills. It may also show whether you’ve been sued, arrested, or have
filed for bankruptcy. Your credit report will be evaluated for credit,
insurance, employment, and other purposes allowed by the Fair Credit
Reporting Act (FCRA). It’s important that the information in your
report is complete and accurate.
The credit union suggests that you
periodically review your credit report for inaccuracies. This could be
especially important if you are considering making a major purchase
such as buying a home or a new car.
Getting A Copy of Your Credit Report
If you’ve been denied credit,
insurance, or employment because of information supplied by a consumer
reporting agency, the company applied to must give you the name of the
credit reporting agency along with the address and telephone number
they used. If you contact the credit reporting agency within 60 days
of receiving your denial notice, the report is free.
The three major national credit
reporting agencies:
Equifax
P.O. Box 74021
Atlanta, GA 30374
1-800-685-1111 |
Experian
P.O. Box 2002
Allen, TX 75013
1-888-397-3742 |
Trans
Union
P.O. Box 1000
Chester, PA 19022
1-800-888-4213 |
|
Thanks to a new federal law that recently went into effect,
Nebraskans can now receive a free copy of their credit report each
year. The three major credit bureaus-Experian, Equifax, and
TransUnion, have created a central site from which to receive the
free credit report. Consumers are entitled to a free report from
each agency annually. Monitoring and periodically reviewing your
credit report is an effective tool in fighting identity theft and
managing your credit.
Website:
www.annualcreditreport.com
Telephone: 877-322-8228
Mail: Annual Credit Report Request Service
P O Box 105281
Atlanta, GA 30348-5281
|
Negative Information Could Last a
Decade
When negative information in your
credit report is accurate, only the passage of time can assure its
removal. Accurate negative information can generally stay on your
report for seven years. There are a few exceptions, for instance
bankruptcies may be reported for ten years. |
Baker's
Federal Credit Union
