October 23, 2021 4:43 pm

A credit score

Identity theft is happening every second in American and if you have a credit score, it makes you a target, which means Credit Repair Blueprint everyone is now a potential target in the arena of identity theft. Identity theft: When a person gains access to your credit card details like the PIN or the SSN, it is called identity theft. A person can use your credit card and can substantially ruin your financial life.

Request that the fraud department flag your file with a fraud alert. You may also wish to consider asking the three agencies to put a freeze on your credit reports thereby locking out anyone seeking to open an account or fraudulently establish new credit in your name. Request and receive a free copy of your credit report once every 12 months from each of the nationwide consumer reporting companies – Equifax, Experian, and TransUnion. The three companies have set up a central website (annualcreditreport.com), a toll-free telephone number (1-877-322-8228).

Lender that you applied with is obligated to give your name of agency from which he acquired your credit information. Also he will have to furnish you with a valid reason for loan rejection. Lenders always check your report before giving approval. And if your loan denied, you can call for your credit report anytime. Lenders looking to issue credit in the name of someone with a credit freeze will be unable to access the credit history without your explicit permission.

Errors in your credit report can affect your credit score and, in turn, your ability to get a loan or to obtain a favorable interest rate. You are not required to order your credit score. Errors on your credit report can cost you in higher interest rates. Things on your credit report can last a long time, especially if you’ve ever declared bankruptcy.

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