Your credit report can affect more areas of your life than just your ability to get a loan or credit card. Your credit report is used to evaluate
- Employment applications
- Applications for Residence
Credit reports can contain information on your employment, your residence and your bill payment habits. Also, they may show whether you have been sued or arrested or have filed for bankruptcy. It can also be used as a monitoring tool for ID Theft, something which has become a real problem these days. To read more about ID Theft, click here.
Maintaining a good credit history is important and requires just a little bit of work. The first step is to review your credit report regularly for inaccuracies or omissions. For information on Consumer Credit Counseling Services, see below.
Free Credit Report Access
AnnualCreditReport.com is the official site where you may request a free credit file disclosure, commonly called a credit report, once every 12 months from each of the nationwide consumer credit reporting companies: Equifax, Experian and TransUnion.
Each credit bureau may charge up to $9.00 for a copy of your report if you do not go through annualcreditreport.com, or if you request additional copies. There are certain conditions in which you may receive additional free copies, and certain states have passed legislation which entitle you to a free report or a report at a reduced rate. For more information on credit reports, contact the Federal Trade Commission (FTC) at 202-FTC-HELP (202-382-4357) or visit their Web site at www.ftc.gov.
Below is basic information on the 3 major credit reporting agencies:
Prohibiting Your Information Being Used in Unsolicited/Preapproval Marketing Offers
You also have the right to prohibit information in your consumer file with any consumer reporting agency from being used in connection with any credit or insurance transaction that you have not initiated (such as preapproval offers). To exercise this right, call 1-888-5OPT-OUT or 1-888-567-8688, or write to:
Experian Information Solutions, Inc.
PO Box 919
Allen, TX 75013
PO Box 740123
Atlanta, GA 30394-0123
Trans Union Corporation
Attn: Marketing Opt Out
PO Box 97328
Jackson, MS 39288-7328
Credit Counseling Here at EFCU
The Energy Federal Credit Union Budget Counseling Program is here to assist you with concerns such as not enough disposable money after paying bills, too much debt, excessive living expenses or inadequate budgeting skills; concerns that require action now so that your future can be secure. Our goal is for you to gain confidence in your ability to manage your finances, identify your personal financial goals and eliminate any obstacles to achieving those goals.
EFCU has two Certified Credit Union Financial Counselors: Terry Smith and Latanya Thomas. They have both worked in the consumer debt collection/loss prevention industry for several years. They have developed a budgeting program to teach members the skills needed to avoid bankruptcy, repay their debt and improve creditworthiness. Contact information for our credit counselors: