Credit Rating – Car title loans
Though many of the Atlanta car title loan organizations do not require consumers to have good credit, and many of the car title loan company’s never even check credit, consumers should not let errors sit for years on your credit report. Someday you may need a cash emergency loan. As a responsible consumer, you do not want an old credit report mistake you never cleaned up to stand in your way.
Any responsible consumer should check his or her credit report at least once annually or more. Make sure everything on your credit report is correct and clear including the spelling of your name, your birth date, your current and past address’s, and your Social security number.
The three National Credit Bureaus:
Phone: (888) 397 3742
475 Anton Blvd.
Costa Mesa, CA 92626
Phone: (800) 685-1111
Address: Equifax Credit Information Services, Inc.
P.O. Box 740241
Atlanta, GA 30374
P.O. Box 505
Woodlyn, PA 19094
Consumers can get free copies of their credit report if you’ve been denied credit. If you just want to review your credit report for errors, some of national agencies charge a small fee for your credit report if you have not been turned down for credit recently.
If you do find a mistake, you should file a consumer dispute form, then wait for a reply. The mailing address will be on your report. The reporting credit agency must look into your problem, and get back to you within 30 days.
If you do find an error on a report from one agency, you will typically see the same mistake on your credit report from all three agencies. You need to clear up any mistakes with all three credit-reporting agencies.
Your credit report will also show you all the consumer credit cards you have. Lenders recognize the dangers of temptation, so they may refuse to give you a loan if you have too much available credit. You should cancel any credit cards you don’t use. Ask the credit card company to put the line “account closed due to consumer request” on your report. You want every one to know that you canceled your card, and that the credit card company didn’t take it away from you.
By the way, you as a consumer have the right to bring forth legal action against any credit reporting agency or creditor who does not properly correct errors in your file or who breaks the rules about who may see your credit records. You can get actual damages, court costs, as well as attorney’s fees plus punitive damages if the violation was intentional. Anyone who gets your credit report without proper authorization, or an employee of a credit reporting agency who improperly gives your credit report out, may face actual prison time.
Consumers can learn their rights concerning credit reporting at the Consumer Credit Protection Acts website.