online credit check

Online Credit Check

Even if you don't have a poor credit history, it's a good idea to conduct your own credit checks, especially if you're planning a major purchase, such as a home or car. Credit checking in advance on the accuracy of the information in your credit report could speed the credit-granting process. With the help of Internet, you can even make an online credit check to filter out errors in your credit report. An online credit check is easy and simple, and it can save you time and money. Also, you're entitled to one free report a year if you can prove that:

• You're unemployed and plan to look for a job within 60 days
  


• You're on welfare
  


• Your report is inaccurate because of fraud

No one can legally remove accurate and timely negative information from a credit report. But the law does allow you to request a reinvestigation of information in your file that you dispute as inaccurate or incomplete. There is no charge for this. Everything a credit repair clinic can do for you legally, you can do for yourself at little or no cost. According to the Fair Credit Reporting Act:

You are entitled to a free copy of your credit report if you've been denied credit, insurance or employment within the last 60 days. If your application for credit, insurance, or employment is denied because of information supplied by a credit bureau, the company you applied to must provide you with that credit bureau's name, address, and telephone number. You can dispute mistakes or outdated items for free. Ask the credit-reporting agency for a dispute form or submit your dispute in writing, along with any supporting documentation. Do not send them original documents. Clearly identify each item in your report that you dispute, explain why you dispute the information, and request a reinvestigation. If the new investigation reveals an error, you may ask that a corrected version of the report be sent to anyone who received your report within the past six months.

When the reinvestigation is complete, the credit bureau must give you the written results and a free copy of your report if the dispute results in a change. If an item is changed or removed, the credit bureau cannot put the disputed information back in your file unless the information provider verifies its accuracy and completeness, and the credit bureau gives you a written notice that includes the name, address, and phone number of the provider.

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