Credit fix for past credit card debt involves study and planning to be a success.
This chapter displays basic fundamentals, some pitfalls to protect yourself from and several essentials of
the Fair Credit Reporting Act (FRCA).
There are links here to more...
More
Credit fix for past credit card debt involves study and planning to be a success.
This chapter displays basic fundamentals, some pitfalls to protect yourself from and several essentials of
the Fair Credit Reporting Act (FRCA).
There are links here to more descriptive details and sample credit
repair letters.
The Credit Reporting Agencies (CRAs)
Everyone has a credit report in their name, or three to be exact; one each through the three credit
reporting agencies (CRAs), Equifax, Experian and TransUnion.
These three for-profit agencies gather
credit data on people who they then sell to their clients who are credit card companies, banks in
addition to other consumer lenders.
These lending customers also report back to one of more of the
CRAs on specific credit events that arise with every of the consumers they have lent money to.
Each payment per month, credit cards and others, (late or on time), each loan endorsement or rejection,
each debt collectors, together with bankruptcy and
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