Making Sure Your Credit Score is Fair
The difference between a good credit score and a bad credit score can be huge. A great portion of a person’s life can depend on a credit score, it can mean the difference between getting a mortgage or not, or finding employment with an ideal employer or not. With so much riding on a certain credit score, how can we all be sure that it is fair? How do we know that the credit reporting bureaus are doing their jobs correctly?
That’s where the Federal Trade Commission comes into play. The FTC is the agency of the US Federal Government that ensures consumers are being treated fairly and they take a serious stand on the issues of credit. They enforce the Fair Credit Reporting Act and also give consumers advice on how to best use and maintain a healthy credit file.
The best way for individuals to ensure that their credit reports are fair and accurate is to check them. With millions and millions of consumers in the US using credit every day, there are bound to be mistakes made by the credit reporting bureaus no matter how determined they are in their efforts to report with 100% accuracy. As the new century dawns and information becomes the essential commodity in our world, your personal information is of vital importance to your success; YOU need to ensure that your credit score is where it should be.
Consumers are now afforded the opportunity to request their credit reports from the three major bureaus and receive their credit scores at the same time. Individuals can now see what creditors have seen for years: the report and the number that determine much of a person’s fiscal health.
Get your free credit report. The Fair and Accurate Credit Transactions Act (FACTA) has rolled out the right to each consumer for one free copy of his or her credit report from each of the three credit bureaus per year. Check out www.annualcreditreport.com or call 1-877-322-8228.
