IMPROVING YOUR CREDIT
Can You Acquire Good Credit Overnight?
You Bet.
by: Omar M. Omar
Your credit file may not reflect all your credit accounts.
Although most national department store and all-purpose
bank credit card accounts will be included in your file,
not all creditors supply information to credit bureaus
: Some travel, entertainment, gasoline card companies,
local retailers, and credit unions are among those creditors
that don't.
If you've been told that you were denied credit because
of an "insufficient credit file" or "no
credit file" and you have accounts with creditors
that don't appear in your credit file, ask the credit
reporting agency to add this information to future reports.
Although they are not required to do so, many credit bureaus
will add verifiable accounts for a fee. However, understand
that if these creditors do not report to the credit bureau
on a regular basis, the added items will not be updated
in your file.
Sample Letter to Add Positive Information to Your Credit
Record
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Date
Credit Bureau Name
Address
City, State Zip
To Whom It May concern :
After reviewing my recent credit report from your company,
I noted that my credit report does not include information
that I know is important to providing a complete picture
of me as a credit using consumer.
Therefore, I request that you add the following account
information on my credit file.
Creditor :
Address :
Account Type :
Date Opened :
Credit Limit :
Balance : ( If it's an open account )
If there is any fee for this service or for any additional
information you might need from me, you can reach me at
( your phone number ).
Thank you in advance for your unparalleled assistance.
Sincerely,
your signature
Your Name
Address
Social Security Number
Date Of Birth
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For Example :
Suppose you had bought a used car from a used car lot
4 years ago. And the cost for your used car was $8000.00,
which you have paid off in 2 years. If you can show on
your credit report the auto loan you've paid off, that
can dramatically change your credit report. Therefore,
what you can do is contact the your used car dealership
and demand for your account to be reported.
Or you can request a copy of your auto loan payment history
to be mailed to you so you can mail it yourself to the
credit bureaus. It's important to ask yourself why a certain
account was not reported on your credit report.
In most cases small businesses avoid reporting to credit
bureaus because it cost businesses money to report your
payment history to credit bureaus every month. To put
it simply, every business who wants to report their clients
account payment history will have to subscribe to these
credit bureaus and the subscription cost the business
money.
About The Author
© Copyright. http://www.deleteuglycredit.com
Omar M. Omar is the owner of http://www.deleteuglycredit.com.
The website is dedicated to provide credit consumers with
information about their credit right and how to dispute
inaccurate information on their credit report. Omar M.
Omar is also the author Of "The Credit Repair Bible"
book.
You have permission to publish this article electronically
or in print, in your Newsletter, on your website, or in
your E-Book, as long as the author's Resource Box is included
with the article.
omar@deleteuglycredit.com |
