| How to Legally Erase
Bad Credit page 2 Before you go
on reading this report ask yourself one good question. How much is
it worth to you to have GOOD CREDIT? The answer is simple. Good
credit in our society is virtually ''PRICELESS !" If your credit is
not good, you will be severely handicapped in almost any financial
endeavor you wish to accomplish. Because of these facts, the very
small price which you paid for this financial report and credit
guide is going to prove to be one of the best investments you've
ever made!
Throughout this material we will show you a simple and legal way to
develop a AAA credit reputation no matter what your past credit
shows this very moment. Regardless of your present credit rating,
whether it reflects no credit, slow credit, or simply bad credit, or
EVEN if you filed bankruptcy... YOU CAN START AGAIN! You can be one
of the more fortunate individuals in the United States who holds
GOOD CREDIT! You need it! You deserve it! And NOW you can have it!
HOW CREDIT REPORTING AGENCIES WORK
As credit increased throughout the country, there arose a great need
to issue reports concerning those who are NOT a good credit risk as
well as those who are CREDIT WORTHY! Because of this great need,
credit reporting agencies were formed several years ago. These
agencies, known as credit bureaus, receive information about
consumers from banks, loan companies, credit card companies,
department stores, as well as from other credit and lending sources.
Credit bureaus earn their profits by giving a computer printout
showing a financial and credit profile of any individual (such as
you or I). These reports are requested by a lender or a credit
issuing firm from which you have requested credit. Lenders will
base their acceptance or rejection of your application for credit
based on the information about you in your personal credit report.
If your credit report shows that you have been reliable in the past,
then in most cases credit will be granted. What if your report shows
that you have NOT been reliable in the past? Perhaps you have been
like others in this country who have encountered circumstances
beyond your control which made it IMPOSSIBLE for you to meet your
credit obligations. What if your credit report shows that you
defaulted on a particular account or were constantly LATE making
payments? This of course can be most embarrassing, and usually leads
to CREDIT DENIAL!
There are over 2,500 credit reporting agencies in the United
States. These agencies sell information about you to BANKS,
DEPARTMENT STORES, CREDIT CARD COMPANIES, LOAN COMPANIES, etc.
These credit bureaus keep on file information concerning you and
your credit, but they do not make any final judgements as to your
credit worthiness. The decision is up to the lender which you have
dealt with to decide and report to the credit bureau. When you
receive a copy of your credit profile, you may find some of the
following information in your report. Your occupation, place of
employment, income status, residence record, marital history, court
and arrest records, and most important, details on payments of your
past and present bills and loans.
You have the ABSOLUTE RIGHT to know what is in your consumer credit
report! Because it is YOUR personal credit file, you should want to
know what information the credit bureau is giving out concerning
your good name and your credit!
Most people have thought, and still think, that if they have an
unfavorable credit report or history that there is NO WAY to change
it, and if they want to obtain NEW CREDIT that it's impossible!
DON'T BELIEVE IT! You can change your credit report for the better.
You can change and correct any and all OUTDATED, or INCORRECT
INFORMATION that YOU choose! Remember, it's up to you! No one will
do it for you! The first step in correcting information on your
report is to obtain a copy of your personal credit profile.
HOW TO OBTAIN A COPY OF YOUR PERSONAL CREDIT REPORT
You have already learned how this credit information has been
gathered, rated and placed on file for credit reporting. You can
obtain a copy of this report just like a regular consumer would -
after all, it's your report. <go to page 3> |
