Credit Repair -
Can You Acquire Good Credit Overnight? You Bet!

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

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.

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

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

What Debts Show Up In Your Credit Report?

A recent amendment to the federal Fair Credit Reporting Act (FCRA) now requires the credit bureaus to provide consumers a free annual credit report upon request. Access to the free credit reports has been phased in beginning December 2004 in the West and will finally be nationwide by 1 September 2005. This is good news to consumers.

Now each year, you can request a copy of your credit report and check it for inaccuracies and evidence of identity theft. If you discover errors or missing items in your credti report you can petition the credit bureaus to make the necessary corrections (see Credit Reports for additional information.

You are entitled to a free credit report from each of the three natonal consumer credit reporting companies, and many credit counselors recommend requesting all three since the information contained in each of the credit reports may be somewhat different. Also, it is wise to spread out your requests throughout the year so that you can see any sudden changes that might arise (for example case you are a victim of identity theft).

For more detailed information on how to get your free credit report, read Your Access To Free Credit Reports and "Free Credit Reports - Have You Requested Yours?"

What Is Your Current Credit Score?

But while you are now entitled to receive a free credit report from each of the Credit Bureaus, they are NOT required to provide you with your credit score for free and therefore the consumer credit reporting companies do not provide you with a copy of your current credit score when they send you you free credit report. Instead, they charge you to get a copy of your credit score. (For an explanation of the difference between your credit report and your credit score, and what they are used for, see Credit Reports vs Credit Scores

Nevertheless, you can obtain a free copy of your credit score from certain third parties. Click here, if you don't know what your Credit Score is.

As you make corrections to your credit report and begin to pay down your debts, you can watch your credit score rise.