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Credit Rating
- Anyone who has ever had a bank account, a mortgage, a credit card, a
car loan, an account with a retail store etc. will almost definitely have a credit rating.
Most information in your credit rating comes from companies you have credit with such as
the banks, department stores, finance companies etc. as well as from certain public
records such as lawsuits, tax liens, judgments and bankruptcies.
In accordance with Federal Law, accurate negative information, such as late payment or an
account turned over to a Collection Agency can remain on your credit report for seven
years.
If you have been denied credit, insurance, a job or rental dwelling opportunity because of
information contained in your credit report, you are entitled to a complimentary copy of
your report within 60 days. If after checking you believe the information to be incorrect
you may file a brief statement explaining why. Inaccurate information on your credit may
be removed but no one can have accurate, current or verifiable information removed from
your record.
Credit reports are usually divided into five sections:
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Your credit history
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By who your history has been reviewed by
Information you have given to the Credit information company
Specific Identification information on you
Explanatory notes and comments
Different states have different conditions that guide credit reporting.
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Sherry
Cleveland Frye
(205) 266-6684 Direct (205)
313-8500 Office
Email:
sherryfrye@bellsouth.net
RE/MAX
Southern Homes |
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- Copyright 1999-2006 All rights reserved
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