Here is a great summary of consumer rights for getting your free annual credit report:
“By federal law, each of the 3 major credit bureaus is required to provide you with one free copy per year of your credit report (though not your credit score) upon request. It is important to review this information not only to track and improve your financial health, but also to ensure against fraud and identity theft.”
Ok sounds great. To get your free annual credit report from each bureau, you are required to visit www.annualcreditreport.com.
However, many people are not happy with www.annualcreditreport.com.
You need to fix your credit, so you try to get your free annual credit report from each bureau through the site.
The credit bureaus are notorious for bad customer service, however, and many attempts to deal with them end up like this:
“It is now 6 months later, and I have STILL not received my “Free Credit Report” from Equifax. They don’t give a damn about me, so I don’t give a damn about them. They are money-gouging, incompetent buffoons, with no interest whatsoever in providing accurate information. Separating you from your cash is their only mantra. I’m done here.”
When you call them on the phone to verify information on your free annual credit report:
“The reporting agencies are the ones who have the wrong information, but it is YOU who must jump through all the hoops. I tried the Experian 800 number to correct the errors, but it is an endless loop of “telephone tree” commands that DO NOT ADDRESS your particular problem. One size DOES NOT fit all. I gave up. It takes forever, and does NOT work. You must write to them, since they don’t want to talk to you. It costs money for them to talk to you – they just want you to become frustrated, give up, and go away. So I did.”
Those quotes are both from http://www.vaughns-1-pagers.com/economics/credit-reports.htm, and I recommend checking out his whole review on the bureaus and their website.
If you need to dispute items on your report, use www.mycreditlocker.com and do you dispute process through the mail, since this is still the best option. The free software will tell you exactly what to do.
If you want your 3 credit reports and 3 credit scores, you are better off getting a 3 bureau report through www.ScoreDriven.com for a fee, but you can always try to get your free annual credit report through the annual credit report website as well.
It’s been said by many people on numerous occasions that fixing bad credit can be likened to losing weight: Time cannot be rushed here, in fact taking the time and implementing the proper credit repair methods will be the best plan possible here. This credit repair process is by no means an overnight or a weekend fix. There are several proven methods of credit repair available to consumers today, the main idea here is for them to totally steer clear of any company or individual that promises a ” quick fix”. The consumers credit repair and credit score improvement will never happen simultaneously, the repair will always come first and the improved credit score should follow after that. Keep in mind also that credit repair only works if the consumer is responsibly managing the rest of the items on their credit profile at the same time.
In conclusion, let’s never lose sight of the fact that repairing a credit score is so much more than simply disputing negative items that are thought to be placed on our credit reports in error. Alongside this there has got to be proper care taken with the healthy items on the credit report. Making timely payments and living within one’s means are absolutely key ingredients when it comes to a bright financial outlook. There is also the element that most consumers hate to look at and this is the fact that they will need pay some of their accurate debt back! The is no get out of jail free card or magic credit wand here.