Consumer Credit is a line of credit that is extended for personal or household use.
According to the Fair Credit Reporting Act, You have the rights to:
To receive a copy of your credit report
To know the name of anyone who received your credit report in the last year -or- in the last 2 years for employment purposes
To receive a free copy of your credit report when an application is denied because of information on your report
To receive the name of the bureau that supplied a report which formed the basis for a denial of credit or employment
To add a summary explanation to your credit report
Bad Credit Can
Affect your ability to get more credit
Affect your ability to get or keep a job
Affect your ability to obtain promotion, reassignment or retention
Obtaining a Credit Report
Obtaining a copy of your Credit report can be FREE and is very easy.
You can request individual copies form the major reporting agencies or you you can request a consolidated report from Annual Credit Report.com
Prices can vary from $6.00- $12.95 depending on the credit reporting agency NOTE: The Credit Score is not necessarily included in your request for a credit report. There may be additional costs for this information.
Credit worthiness is a pre-determined set of criteria developed by a lender to qualify an individual for some form of credit.
The criteria can include items such as the review of previous credit history, occupation, length of service and current property status.
Types of Credit in Use
Do you have a healthy mix of credit cards, retail accounts, installment loans, etc?
Number of Inquiries
Have you made frequent applications for credit?
Status of Credit Lines
Have you handled them responsibly?
Have you filed for either Chapter 7 or Chapter 13 bankruptcy in the last 10 years?
Requirements Relating To Information Contained In Consumer Reports