Tuesday, 6 December 2011

Credit Correction Laws: The Rights of Each Individual

By Jonathan Anderson


Credit correction laws are available for individuals that are looking to fix their bad credit standing. It's vital you're well informed about your rights so that you can defend yourself against any fraud or wrongly reported info. When you hire the services of credit fixing firms such as Phoenix Credit Correction, you are assured that you will be educated on all of the rights that you have at your disposal. The Fair Credit Reporting Act or FCRA provides you three laws you can milk should you encounter any inaccurate info in your file.

Free Report for Adverse Actions

If a company denied your application for work, insurance, or credit, the law states that you're entitled to receive a free report within 60 days after you have received the notice of denial. This notice will provide you with the name, address, and contact number of the patron reporting company. Note that credit repair laws entitle you to one free report every year if you're unemployed, on welfare, or are a victim of identity crime.

Free Credit Score

The consumer reporting firms, specifically Equifax, Experian, and TransUnion are required to give you an annual annual credit score absolutely free. All that you need to do is ask for it. You can request one through their website, phone number, or mail address. This is one of the most heavily used credit fixing laws.

Dispute Mistakes on Your Credit Score

Credit fixing laws inspire you to contest superseded items in your credit score. The buyer company and the information supplier are the ones accountable for correcting such mistakes. The nicest thing about this is that it won't cost you anything.

Phoenix Credit Fixing makes sure you are able to make good use of your credit repair laws and rights. If you wish to fix your credit problems, contact Phoenix Credit Repair now!




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