Hiding In Plain Sight

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What’s the first thing that pops into your mind when you hear “credit”? Most people think “cards”, or “scores”, but there’s one that you need to remember, “report”. When you apply for a new line of credit, (mortgage, auto loan, personal loan, etc…) the creditors and lenders look at the actual items on your report, consequently, if you don’t know what’s on your report, what’s hiding could shock you, and cause you to be denied even if your actual score is alright.

The FTC, (Federal Trade Commission,) investigated the credit bureaus, and found that 78% of credit reports contain errors. What do I mean by errors? This ranges from information on an item being incomplete or inaccurate, to items remaining on your report beyond what the statute of limitations allows, identity theft, and more. Knowing what the creditors and lenders see, allows you to address possible issues before applying for anything. One of the most frustrating things is not being aware of an item or error on your report, going through an entire application process, paying any fees associated, and not just getting denied, but on top of that getting a ding from the inquiry that drops your score a few points.

How can this be avoided? What can actually be done? Where do I start? Fortunately, there are laws in place to protect you, the consumer, and professionals who know the laws, and the processes involved. There are certain items/issues that if they are on your report, automatically disqualify you for that new line of credit. We know what they are, and what can be done. Call or click today to discover what could be hiding in plain sight!

1-888-682-3455 or www.inversioncredit.com/lp

 

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