CALL TODAY: 1(866) 699-2227

Contact Us

Client Login | Live Chat

Contact Us

Call (866) 699-2227

White Paper: The Good, the Bad, and the Ugly of Your Credit Report

white paper credit report

Advantage CCS has released a new White Paper that is meant to educate consumers on how to properly read a credit report and how maintaining a good credit history is essential to their overall financial standing.

The White Paper, explains that individuals with bad credit suffer the consequences of either being totally denied for loans or being subjected to very high interest rates and add-on fees. Credit history is usually reviewed by employers when they make final hiring decisions, so a person who has a poor credit history could really struggle to find a permanent job. Trouble finding employment often exasperates debt issues as individuals fail to make enough money to pay back all of their debt.

In this particular White Paper, it highlights the significance of obtaining a credit report on a regular basis from the three major credit reporting bureaus: TransUnion, Equifax and Experian. These credit reporting bureaus are required by law to provide individuals with a copy of their credit report once a year. Consumers are able to stagger these requests between the three agencies to get a free report once every four months, which would be ideal. Reviewing a credit report allows consumers to find out whether there are discrepancies or errors in the information and it also provides a basis for determining how to improve one’s credit.

Details related to the contents of a credit report and how to read the report are included in this free downloadable White Paper. We recommend that individuals review information pertaining to personal data, personal loans or other debts, inquiries (or “hits”) from lenders, and any negative information contained within the report to determine if the information is indeed accurate. Inaccurate information could be indicative of identity theft and consumers should contact a credit reporting agency immediately if there are any problems.

Mistakes can be corrected through a dispute or report being filed with a credit reporting agency. However, negative information that is valid like late payments can only be taken off of a report after a period of approximately seven to sometimes ten years. In the meantime, individuals can improve their credit rating by dedicating themselves to paying off debts, budgeting finances and ensuring that payments are made on time every single month.

The Good, the Bad, & the Ugly


1 reply to “White Paper: The Good, the Bad, and the Ugly of Your Credit Report

  1. Pingback: pligg.com

Leave a Reply

Your email address will not be published. Required fields are marked *

Terms of Service 1. All comments are subject to review by Advantage Credit Counseling Service prior to their publication on this site. Advantage CCS reserves the right to decline publication to any post it deems in violation of the Terms of Service. 2. No potentially libelous or damaging statements will be posted. This includes negative and / or unsubstantiated allegations against Advantage CCS and its competitors. 3. No comments including obscene, explicit or racist language will be posted. 4. Comments containing personal attacks, insults or threats will not be posted. 5. Comments not related to matters of personal finance, budgeting, credit counseling, housing counseling, bankruptcy and other related financial issues will not be posted. 6. Anyone who posts using another person’s identity will be barred from posting in the future.
Click Here to Call Us!