Personal Credit Report Repair Essay

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Personal credit report repair is a major concern for many people. It can be a long and frustrating process. There is no really quick fix. There are techniques used by individuals and professional companies to achieve results. This article briefly covers some of the most frequently asked questions about personal credit report repair.

Can I repair my credit by reviewing and correcting my credit reports?

Yes. Visit [http://www.annualcreditrepot.com] to view and print free copies of your personal credit report. Repair and improvement in credit score can be achieved by reviewing the reports for inaccuracies, disputing obsolete and unverifiable information.

Can I repair my credit by applying for lots of credit cards?

No. The credit bureaus store information about how many times and with whom you have applied for credit. A person who applies for numerous credit cards looks desperate for credit and their …show more content…

A secured credit card is one which is secured by a deposit into a savings account at a bank. The cardholder can charge up to the amount that is in the savings account and may at a later time be approved for a higher credit limit, if payments are made on time and if balances are paid off on a monthly basis.

Can I repair my credit by applying for an EIN?

This is a technique that is not recommended by law firms that specialize in personal credit report repair. An EIN or employer identification number is a number used by the IRS to designate a business. If you do not own a small business, you should not apply for one. Some companies which advertise personal credit report repair recommend that a person apply for an EIN and use that number instead of their social security number when applying for credit. It is illegal to provide false information on a credit application.

Can I repair my credit by

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