Many people visit websites like the government-sponsored http://www.annualcreditreport.com to get a free look at their own credit reports. Now, getting a copy of your credit report, including your credit score, is easier than ever.
The U.S. Congress recently passed the Dodd-Frank Wall Street Reform and Consumer Protection Act. Commonly known as “Dodd-Frank,” this law creates a number of reforms and new ways to protect consumers from unfair credit practices. For instance, under Dodd-Frank, lenders who turn down customers for loans must give the customer a copy of the credit report the lender used to decide against granting the loan (See section 1033 of Dodd-Frank). This is also true of employers who decide on the basis of your credit score not to hire you, or insurers who decide because of your credit score that they will not provide insurance for you.
If the lender doesn’t volunteer to give you the credit report, ask for it. By law, you are now entitled to this information, and it can only benefit your credit in the long run. Many Americans don’t know their credit score and don’t pay much attention to their credit unless something goes wrong. By knowing your credit score and checking your credit record for inaccuracies, you can help improve your own score as well as detect possible identity theft. Using the credit score report from lenders along with the free government report from http://www.annualcreditreport.comwill give you a detailed view of the factors that figure into your credit score and help you do something about them.
If you need assistance repairing your credit, disputing the amount or existence of a debt, or dealing with debt collectors, Attorney Gary Nitzkin can help. Call us today at (888) 293-2882 or email g[email protected] to set up a free consultation. For more information about how to understand and improve your credit, visit our website at www.micreditlawyer.com.