Why are there so many inquiries on my credit report and what are my rights? Under the Federal Fair Credit Reporting Act, anyone with a valid business reason can get a copy of your credit report with or without your permission. That even includes when you apply for a job. What you see on your report are marketing inquiries. Thats why you keep getting credit card and home equity loan offers in the mail. You can put a block on your bureau that would prohibit unsolicited inquiries. Our society has become so debt-ridden that many people find themselves worshipping at the altar of the credit bureau. You need to know that there are laws set up for you, and you have certain rights when communicating with your buries. You have the right to obtain your credit report, and the bureau has the right to charge for it. If youve been turned down by a bank or place of employment as a result of your credit report, you are entitled to a free copy upon the delivery of a refusal letter You have the right to dispute inaccurate information on your credit report. The credit bureau has thirty days by law to fix the report if you are correct.
Posted on: Sat, 05 Jul 2014 23:45:17 +0000
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