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Your credit report contains information about where you work, where you live, and how you pay your bills. It may also show whether you’ve been sued, arrested, or have filed for bankruptcy. Your credit report will be evaluated for credit, insurance, employment, and other purposes allowed by the Fair Credit Reporting Act (FCRA). It’s important that the information in your report is complete and accurate.
The credit union suggests that you periodically review your credit report for inaccuracies. This could be especially important if you are considering making a major purchase such as buying a home or a new car.
Getting A Copy of Your Credit Report
If you’ve been denied credit, insurance, or employment because of information supplied by a consumer reporting agency, the company applied to must give you the name of the credit reporting agency along with the address and telephone number they used. If you contact the credit reporting agency within 60 days of receiving your denial notice, the report is free.
The three major national credit reporting agencies:
Equifax
P.O. Box 74021
Atlanta, GA 30374
1-800-685-1111 |
Experian
P.O. Box 2002
Allen, TX 75013
1-888-397-3742 |
Trans Union
P.O. Box 1000
Chester, PA 19022
1-800-888-4213 |
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Thanks to a new federal law that recently went into effect, Nebraskans can now receive a free copy of their credit report each year. The three major credit bureaus-Experian, Equifax, and TransUnion, have created a central site from which to receive the free credit report. Consumers are entitled to a free report from each agency annually. Monitoring and periodically reviewing your credit report is an effective tool in fighting identity theft and managing your credit.
Website: www.annualcreditreport.com
Telephone: 877-322-8228
Mail: Annual Credit Report Request Service
P O Box 105281
Atlanta, GA 30348-5281
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Negative Information Could Last a Decade
When negative information in your credit report is accurate, only the passage of time can assure its removal. Accurate negative information can generally stay on your report for seven years. There are a few exceptions, for instance bankruptcies may be reported for ten years.
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Baker's FCU Online Banking
Baker's Federal Credit Union
