80 Percent of Credit Reports Contain Errors

Your credit report can impact your ability to get good rates on loans, as well as the ability to get a job, keep one and higher home and auto insurance rates.

Since errors may be reflected by some but not all reporting agencies, you should examine reports from Equifax, TransUnion and Experian closely.

Below is information of the federal law, the link, the phone for that 100% FREE Credit Report. This site is sponsored by all 3 bureaus. You can get 1 FREE REPORT ANNUALLY from each bureau. There are 3 bureaus, so order one every 4 months and you have now just covered the full year.

“THIS NOTICE REQUIRED BY LAW. Read more at FTC.GOV. You have the right to a FREEcredit report from AnnualCreditReport.com or 877-322-8228, the ONLY authorized source under federal law.”

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Need help building or rebuilding your credit score we at MRG can help: Personal Credit Solution Center

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10 Tips to a Better Credit Score

Try out these 10 tips to increase and maintain your credit score:

1. Clear up any errors on your credit report. Incorrect credit limits, late payments, or collection items that aren’t yours may be silently wreaking havoc on your credit score.

2. Always pay your bills on time. Delinquencies have the biggest negative effect on your credit score.

3. Reduce your overall debt. If you don’t have the funds to pay down debt, consider taking a loan from a family member or friend. That doesn’t reduce what you owe.

4. Don’t close unused credit cards accounts. Canceling a card can actually lower your score because it leaves you with less available credit relative to your total debt. It may also shorten your credit history, which will ding your score.

5. Never max out your credit cards. A good rule of thumb is to keep your balances below 30% of your credit limit – even if you pay your accounts off in full each month.

6. Do your loan shopping quickly. Having lots of credit inquiries can decrease your score.

7. Get a Secured Credit Card. You’ll have to dish out an upfront security deposit of at least a couple hundred dollars, which the card issuer holds as collateral. IMPORTANT; Card needs to report to ALL 3 Bureaus monthly. This cards does: Secured Credit Card.