• Top 10 Ways for Change Learn about the top 10 ways My Secure AdvantageTM can change your life
• Check up Find out what your financial situation looks like right now
• What others say Click here to read what our clients say about My Secure AdvantageTM
• Success Stories Read about some real people finding real success with help from their Money Coach
• Guarantee We're serious about what we say and we'll prove it to you
• Sign Up Now
  - Sign Up Now!
  
  
• Other My Secure AdvantageTM Services
  - MSA ID Protect
  - MSA Legal Protect
  

Credit Restoration Handout

Credit Restoration

There are three national credit-reporting agencies that maintain records about you-Trans Union, Equifax and Experian. Each of these bureaus works independently to gather information from businesses to update and archive your credit profile. This data is available when requested by creditors, lenders, insurers, landlords and employers to be used in evaluating your financial responsibility. Even though the credit bureaus receive and archive your personal credit history, you are responsible for the accuracy of the information contained in each of the three credit reports about your financial life.

Statistics show that approximately 70 percent of all reports contain at least one error. These mistakes can sometimes cause you to be turned down when applying for credit, or to be charged a much higher interest rate for a loan or credit card.

Your right to challenge incorrect or obsolete reporting in your credit file is protected by a federal law known as the Fair Credit Reporting Act (FCRA). The FCRA is primarily concerned with credit bureaus and credit reports. The intent of the FCRA is to protect you against mishandling or abuse of your credit report information, and to provide you with legal tools to repair and improve your credit.

The Fair Credit Reporting Act (FCRA) grants you important rights as a credit consumer. You have the right to dispute any information in your report that you feel is false, obsolete, incomplete, or incorrectly entered. By disputing an entry, you are challenging the accuracy of what is reported on your credit statement and you neither admit nor deny your liability for the debt.

Under the Fair Credit Reporting Act, it's not difficult to get rid of mistakes, but it can take time for everything to be corrected. There may be an exchange of mail, e-mail or phone calls that need to take place to communicate the changes that need to be made.

Whether you want to correct your credit report, address previous credit problems, or maintain your existing good credit profile, the following information will address the appropriate steps to take so you may better understand and employ the right approach.

If you have been denied credit, have a dispute, or just want to know what's in your credit file, you would need to request a credit report from all three major credit bureaus to be certain that you have a complete picture of your credit file, or that you have completely removed any incorrect or obsolete information that may appear in any credit report.

Credit Restoration
Report Errors and Obsolete Info
Correcting Reports
Free Credit Report

Sample Letters

• Obsolete Info On Credit Report
• Late Payment Dispute Letter
• Disputing Ex-Spouse's Account
• Someone Else's Credit Info Included On My Credit Report