I understand that if a person is denied credit, he can request a free credit report. But can he request the free report from all three major credit bureaus, or only from the credit bureau referenced?
• A Only the credit bureau referenced. However, a new addition to the FCRA allows consumers to get free reports once a year. The law is being phased in, and depending on the client’s state of residence, he may be able to get a free report at www.annualcreditreport.com. • Q I’ve heard that under the law, a credit bureau may disregard disputes deemed “frivolous.” • A Yes, that’s true. For that reason, it’s very important that you and your client don’t “let on” to the credit bureau that your client is getting third party help in fixing his/her credit. Not because it’s in any way illegal, as it definitely is NOT ILLEGAL. But the credit bureaus will give you a harder time if they know you’re a credit repair agency. They hate that! Is costs them time and money! • Q Is it important to have an office? • A In a word, no…well.., not in the beginning anyway. When you get well established, get lots of clients, and if you decide to do this full time, you MIGHT want to consider getting an office,
Related Questions
- I understand that if a person is denied credit, he can request a free credit report. But can he request the free report from all three major credit bureaus, or only from the credit bureau referenced?
- Starting September 1, 2005, consumers can request a free credit report. How do I get my free report?
- How Do I Check My Free Online Credit Report and FICO Score?
