Errors on Your Credit Report: What You Should Do

Written by Tim Gorman


Continued from page 1
3. Ifrepparttar information provider finds that their was an error they will provide written proof ofrepparttar 146419 change and send a copy ofrepparttar 146420 report to you,repparttar 146421 credit reporting agency and anyone who has requested a copy of your credit report inrepparttar 146422 last six months. 4. Ifrepparttar 146423 information provider finds that there was no error, you can request thatrepparttar 146424 credit reporting agency send a copy ofrepparttar 146425 disputes with any report that is requested by creditors. You can also provide an explanation of a negative report in 100 words or less that will be included in any reports to creditors. Another alternative is to payrepparttar 146426 debt, which would requirerepparttar 146427 creditor to reportrepparttar 146428 debt paid.

You should also be aware that negative reports will remain on your credit for up to seven years at which time they will be deleted in most cases. There are some exceptions, these include, bankruptcy, which can be reported for up to 10 years, and loans or life insurance policies which are in excess of $150,000.00, or criminal convictions, which can be reported at all times.

Timothy Gorman is a successful webmaster and publisher of Debt-Relief-Solutions.com. He provides more debt relief, consolidation and free debt consolidation information that you can research in your pajamas on his website.


What is Debt Consolidation?

Written by Tim Gorman


Continued from page 1

4. Debt Management Plans Not everyone will qualify for a personal loan, and not everyone owns a house, or has someone in their personal life from whom they can borrow money for debt consolidation. For people in this situation there is another option available - a debt management plan through a credit counseling agency. Even if you have all ofrepparttar previously mentioned options available to you it may be more advisable to seek out a debt management plan. Debt consolidation through a debt management plan involves having a credit counselor negotiate with your creditors for payments you can afford. You end up making one monthly payment torepparttar 146418 credit counseling agency which then sends money to your various creditors.

Regardless of which type of debt consolidation plan you choose, be sure to check out potential lenders or your credit counseling agencies thoroughly. It is also strongly advised that you destroy paid off credit cards and formally close those accounts to avoidrepparttar 146419 temptation to charge them up again. When done carefully and with consideration, debt consolidation will ease your financial worries.

Timothy Gorman is a successful webmaster and publisher of Debt-Relief-Solutions.com. He provides more debt relief, consolidation and free debt consolidation information that you can research in your pajamas on his website.


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