Sterling Credit Solutions - Get a copy of your credit report

Get a Copy of Your Credit Reports

It is important that you verify the information in your credit report. If you find inaccuracies in your report, the credit reporting agencies MUST remove it, if they can not verify the information.

This means that if they are not able to verify the information, the account is removed from your credit report.

Go to www.annualcreditreport.com. to get your credit report from each of the three national credit reporting companies every 12 months. Do not get drawn in to buy their credit score information or reporting information. Just stick to the credit report. The only and phone system takes some time (10-15 minutes) as they have a very complicated way to confirm your identity by using payments to mortgage, lenders, credit cards, former addresses, and place of employment.

You can also call 877-322-8228 or complete the Annual Credit Report Request Form and mail it to Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281.

If you would like to get your credit report AND your FICO scores you can do this a couple of ways.

Apply for a mortgage and ask to see your credit reports. The lender will charge you for this and it will show up as a credit inquiry on your credit report. In addition, these reports are usually not as easy to read as the ones online.

Go directly to the source, www.MYFICO.com will provide you with credit reports and FICO scores, the ones used by lenders (Recommended).

Committed to Green

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How will your change in credit card interest rates impact you?

September 1, 2011

If you happen to miss a payment on your credit card or any other loan it may impact your credit card interest rate. If you owe about $1,000 at 11% interest it will take you 73 months (6 years) to pay it off and $320 in interest. but when your credit card company increases your interest rate due to a late payment, even if the late payment is not that credit card, they can increase your rate to a penalty rate. Let's say that rate is 19.9% (some states allow up to 29.9%). It will now take you 100 months to pay off your balance (8.3 years) and $860 in interest.

It pays to pay your minimum payments on time.

FREE Credit Scores for Prospective Borrowers or NOT.

September 5, 2011

It has been just over a month since the new Federal credit score disclosure law went into effect. Lending institutions have already found loopholes to keep from disclosing your credit score when you are denied credit, loan, or if you received less desirable terms because of your score. According to SmartMoney.com there are time you may not get a credit score. These are usually when banks use their own in-house credit scoring system. There are other ways to get your credit score that will not impact your credit rating by going to MyFICO.com Click here for more information.

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