Credit Reports; Stop The False Accusations
You are on a clean slate with your credit; all of your loans are paid off, you never miss any payments, and you have never came close to going over your credit limit. Suddenly, when you get your first credit report you get an abrupt smack in the mouth as you realize that it definitely does not make sense. Not only could your report have gotten confused with a relative or someone with a similar name, but it could be a result of identity theft miles away.
Sadly, individuals aside from you can play a factor in your credit report. There are many different ways this can happen - usually through identity theft or identification mistakes. No matter how bad the damage may seem, just relax and figure out exactly what is going on in the report.
If your credit report has been mixed up or intertwined with someone who has not kept up with payments; it is okay. This is something that happens to a lot of people and is a common mistake. When this happens it gives more reasons of why you should always apply to get credit reports on a more frequent basis. However when you are ready to get it sorted out; just pick out everything on the report that you did not do and dispute it.
There is one often overlooked and confusing aspect of the credit report; your credit card before you were an adult. Any card that your parents gave you in your own name before you were the age of eighteen is included on the credit report. So when you went out and bought concert tickets and a plane ticket and surprised them with the bill - and they did not pay it, your report takes a beating. Thankfully it is still disputable but takes longer than someone getting mixed in with your report.
Your credit/identity has been stolen: Just like your cousin with the same name, that cable bill in another state may be a coincidence, especially if you have a common name. However, it is also possible that your identity has been stolen. In addition to disputing the charges on your credit report IMMEDIATELY, you should take some other actions.
One of the first things to do is to look at your credit cards and bank accounts to make sure that nothing has been taken out without your authorization. If you find that there are fraudulent withdrawals, you again need to get in touch with the credit card company and/or bank IMMEDIATELY to put a hold on your account.
If you feel it necessary, you can also file a report with the state you live in and with the FTC (Federal Trade Commission). This is a popular choice because it shows the credit reporting agencies that you are not just messing around with their mistakes - but you want them fixed, now.
Finally, now that you know all the ways that people can affect your credit score, be careful with your info. Privacy matters, especially when it comes to your finances. Talk to your credit card companies and banks about the best ways to keep your identity safe.
Sadly, individuals aside from you can play a factor in your credit report. There are many different ways this can happen - usually through identity theft or identification mistakes. No matter how bad the damage may seem, just relax and figure out exactly what is going on in the report.
If your credit report has been mixed up or intertwined with someone who has not kept up with payments; it is okay. This is something that happens to a lot of people and is a common mistake. When this happens it gives more reasons of why you should always apply to get credit reports on a more frequent basis. However when you are ready to get it sorted out; just pick out everything on the report that you did not do and dispute it.
There is one often overlooked and confusing aspect of the credit report; your credit card before you were an adult. Any card that your parents gave you in your own name before you were the age of eighteen is included on the credit report. So when you went out and bought concert tickets and a plane ticket and surprised them with the bill - and they did not pay it, your report takes a beating. Thankfully it is still disputable but takes longer than someone getting mixed in with your report.
Your credit/identity has been stolen: Just like your cousin with the same name, that cable bill in another state may be a coincidence, especially if you have a common name. However, it is also possible that your identity has been stolen. In addition to disputing the charges on your credit report IMMEDIATELY, you should take some other actions.
One of the first things to do is to look at your credit cards and bank accounts to make sure that nothing has been taken out without your authorization. If you find that there are fraudulent withdrawals, you again need to get in touch with the credit card company and/or bank IMMEDIATELY to put a hold on your account.
If you feel it necessary, you can also file a report with the state you live in and with the FTC (Federal Trade Commission). This is a popular choice because it shows the credit reporting agencies that you are not just messing around with their mistakes - but you want them fixed, now.
Finally, now that you know all the ways that people can affect your credit score, be careful with your info. Privacy matters, especially when it comes to your finances. Talk to your credit card companies and banks about the best ways to keep your identity safe.
About the Author:
To find out exactly how you can get your annual credit report visit my credit report website.
posted by Debt Consolidation Loan at
11:39 AM
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