It seems kind of silly to have to ask the question, "is that a bedroom?" when you see what obviously looks like one. Our friend, you might just be surprised that what you see might NOT be a bedroom
Examining Your Credit Report
One of the best tools you'll ever have is your credit report. It helps you in home buying, obtaining a car, and maybe even landing a job if your score is acceptable for the application you're seeking. Some folks use the fancy credit score apps available from most companies now, and can see their score easily. Beyond just knowing your number, do you know what's actually IN your report? Today, we look at a list of things you should be checking over when you do see your report in print in this credit report checklist of items to review:
Is your name correct?
Is your Social Security number correct?
Is your current address correct? Is your current phone number correct?
Are the previous addresses they have listed for you correct?
Is your marital status listed correctly?
Is the employment history they have listed for you accurate?
Is everything listed in the personal information section correct?
Is there anything listed in the public record information? Is it correct? Highlight the information you think may not be correct.
Review each item under the credit account (trade account) section. Are the accounts on the list still open?
Are all of the current balances correct?
Are accounts where you are an authorized user or joint owner listed?
Are zero balances recorded for debts discharged in bankruptcy? For debts paid in full?
Are you listed as a co-signer on a loan? Is this correct?
Are accounts that you closed listed as “closed by the consumer”?
Is negative information reported on each credit account correct? Look for late payments
and missed payments. Highlight those items you think are not correct.
Are any accounts listed more than once? Check to make sure the same account is not listed multiple times in the collections section.
Is old negative information still being reported? If yes, highlight the information that has
exceeded the negative information reporting limit, which is usually seven years.
Do you suspect that you have been the victim of identity theft after reviewing your credit reports?
If you find something wrong with your credit report, you should dispute it. You may contact both the credit reporting company and the creditor or institution that provided the information. Explain what you think is wrong and why. To correct mistakes, it can help to contact both the credit reporting company and the source of the mistake. You may file a dispute not only with the credit reporting company, but also directly with the source of the information, and include the same supporting documentation.
It's very important to be familiar with what is in your credit report. Have more questions regarding your report? Call us at The Shields Team! We'd love an opportunity to help you in looking at your credit report and what can help, and may NOT be helping you get that new home. Our office phone is (423) 433-6517, or stop by our office inside Keller Williams Realty at 1033 Hamilton Place in Johnson City. We'll be looking for you!
Holding a BS in Environmental Science, and MA in Education, real estate was not Shields Team Buyer Specialist Rayne Price's first career choice. It was only after encouragement from his wife and a cl....
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You've become obsessed with your credit score, guarding it carefully, and keeping a close eye on it to have everything in order when you apply for a home loan. That score will will not only affect