How To Pay Off And Remove A Tax Lien From Credit Report
Credit Report Scores - Who Determines Them?
There are three major credit reporting agencies:
,
, and
.
Each of these credit reporting agencies receives information from credit grantors such as credit card companies, stores granting credit, mortgage companies, and banks. They compile your credit history and compute your credit report scores.
They provide your history and credit report scores to others who have a genuine interest in your credit worthiness.
Fair Credit Reporting Act (FCRA) Amended
The Federal Trade Commission (FTC) reports:
A recent amendment to the federal Fair Credit Reporting Act (FCRA) requires each of the nationwide consumer reporting companies to provide you with a free copy of your credit report, at your request, once every 12 months.
A credit report contains information on where you live, how you pay your bills, and whether you’ve been sued, arrested, or filed for bankruptcy. Nationwide consumer reporting companies sell the information in your report to creditors, insurers, employers, and other businesses that use it to evaluate your applications for credit, insurance, employment, or renting a home. There are three nationwide consumer reporting companies — Equifax, Experian, and Trans Union.
The three nationwide consumer reporting companies have set up one central website, toll-free telephone number, and mailing address through which you can order your free annual report. To order, click on www.annualcreditreport.com,
call 877-322-8228, or complete the Annual Credit Report Request Form and mail it to: Annual Credit Report Request Service,
P.O. Box 105281, Atlanta, GA 30348-5281. The form can be printed from www.ftc.gov/credit.
Do not contact the three nationwide consumer reporting companies individually. They are only providing free annual credit reports through www.annualcreditreport.com, 877-322-8228, and Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281.
Unlimited Access to your Credit Report
You can obtain a copy of your credit report from many vendors.
But, if you want to monitor your credit report, see your credit score improve, and help safeguard your family from identity theft, you need unlimited access to your credit reports.
You need access, not just to a credit report from one credit reporting agency, but all three agencies.
Unlimited Access to Your Online 3-in-1 Credit Report
Almost unheard of in the industry -- unlimited access to your credit reports from all three reporting agencies.
With our 3-in-1 Credit Report, you get unlimited online access to a consolidated report of your credit history with side-by-side data compiled from Equifax®, Experian®, and TransUnionSM. This gives you a comprehensive view of your credit history and also makes it easier for you to verify the accuracy of the information at each agency.
Credit Scores from Equifax, Experian, and TransUnion
Your Credit Scores, compiled with data from Equifax, Experian and TransUnion, provide a snapshot of your current credit-worthiness based on an evaluation of common factors many creditors use to decide whether or not to extend credit. Online members receive the positive and negative factors that impact all three scores; score comparison to the national average; and guidelines suggesting what you can do to improve your scores. Members who choose offline delivery receive this information for their Equifax credit score only.
Immediate Notification of New Credit Accounts
Almost 10 million U.S. consumers said they were victims of identity theft during the last year, according to a Federal Trade Commission study released in September, 2003.* Notify Express credit monitoring and alerts are a fast, convenient way to keep track of your information and detect the early signs of fraudulent activity and identity theft.
Notify Express can alert you to identity theft before it ruins your good credit. If a thief starts tampering with your information, Notify Express will alert you that there's a change to your file. Notify Express monitors your credit files at Equifax, Experian and TransUnion and promptly notifies you of changes so you can act quickly — if you suspect fraudulent activity.
The following items are monitored in your credit files every business day by Notify Express:
- Inquiries to your credit files
- New accounts opened
- New public records
- Address changes
- Changes to public records
- Changes to account information
As a CreditProtectX3 member, you can choose to receive your Notify Express alerts via e-mail, phone, mail or text messaging. If you choose to receive your alerts by mail or phone, you’ll receive them for selected changes (inquiries, new accounts opened, new public records, and address changes reported) only. However, if you choose to receive alerts via e-mail, you’ll be notified of all changes (listed above) as reported to the credit reporting agencies.
* Federal Trade Commission – Identity Theft Survey Report, September, 2003
Quaterly Summary of Credit Report Changes
CreditProtectX3 carefully reviews your credit files every quarter and sends you an update that includes a summary of changes in your personal credit files as reported to Equifax, Experian and TransUnion, as well as a summary of accounts that have not seen any significant change. You also receive updated credit scores with data compiled from all three agencies. Your Quarterly Credit Update is an excellent credit management tool that can help monitor your progress over time.
Since reporting of credit information to the credit agencies is voluntary, the information may not be reported to all agencies or updated in a timely manner. Your Quarterly Credit Update includes any information that is reported as new or changed within any of the categories listed below:
- New accounts opened
- Inquiries made
- Address changes
- Identification information changes.
- Public record items(judgments or bankruptcies)
- Collection accounts
- Negative changes to existing accounts
- Closed accounts
- Items removed
- Credit limit increases
Understand How Your Actions Affect Your Credit Score
Ever wonder how opening a new account, paying off a loan or paying off revolving debt would affect your credit scores? Using Credit Analyzer, a “What If?” tool, you can see how your credit scores could change by interacting with existing accounts, account balances, and credit limits.
Credit Analyzer can improve your understanding of your credit scores in many ways:
- See how applying for credit, refinancing a loan, or missing payments may affect your credit score
- Understand how your credit score can change over time
- Learn multiple ways to improve your credit score
- And much more!
First Rate Identify Theft Insurance
The CreditProtectX3 Identity Theft Insurance Program reimburses victims of identity theft for certain expenses up to $20,000 (after a $250 deductible). Expenses covered include:
- Lost wages (up to $500 per week for a maximum of four weeks) as a result of time taken off from work to deal with the fraud including wrongful incarceration. Lost wages must occur during the policy period.
- Notary and certified mailing costs for completing and delivering fraud affidavits or similar documents.
- Loan application fees for re-applying for loans when the original application is rejected solely because the lender received incorrect information.
- Long distance phone charges associated with reporting or discussing an actual identity fraud.
- Attorney fees incurred (with prior consent) for defending suits brought incorrectly by merchants and their collection agencies, for removing criminal or civil judgments wrongly entered against an Insured Person, and for challenging the accuracy or completeness of any information in a consumer credit report.
Credit Fraud Specialists Just a Phone Call Away
Understanding your credit and fighting fraud can be confusing. That is why CreditProtectX3 has highly trained specialists available Monday through Friday, 8 a.m. - 11 p.m. and Saturday, 9 a.m. - 6 p.m. Eastern, to provide one-on-one personal assistance.
Consumer Fraud Specialists are your powerful allies after a fraud or identity theft attack. They not only walk you through all the steps required to restore your credit but they also:
- Contact the three leading consumer credit reporting agencies (Equifax, Experian and TransUnion) on your behalf to place a Fraud Statement in your credit file
- Assist you in contacting the affected creditors and law enforcement agencies
- Assist you in filing disputes with the credit reporting agencies
- Send you a Fraud First Aid Kit containing important contact phone numbers and addresses, and a Contact List that a you can use to keep track of all phone contacts made when trying to clear your credit and name.
  Isn't it time you began to let CreditProtectX3 can help you? Order now for our special introductory rate of just $25.95 for the first three months of service, then continue to receive CreditProtectX3 for only $12.99 per month.
You and your family -- not to mention your good name -- will be protected. You will feel safe and secure knowing that you have the best protection there is.
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Repair Your Credit Report There are basically three ways to repair your credit report. - You can dispute items on your credit report. This may or may not remove the item from your report.
- Arrange with your creditor to pay off the debt in exchange for them requesting the credit bureaus to remove the negative item.
- Pay off the debt and wait (up to 7 years) for the item to be dropped.
In addition, a bankruptcy can remove negative items, but the bankruptcy can remain on your report for 10 years. In addition, you'll want to establish a good credit history by making small loans, paying off your credit cards, paying your utility bills--all on time. A good current credit history of several years can be more important to credit grantors than bad credit items that are older. Removing Disputed Items From Your Credit Report You must first obtain a copy of your credit report. You may need to obtain copies from all three credit reporting agencies. Identify the item(s) in dispute. Make sure the creditor agrees you do not owe for this item. Get written documentation of this from the creditor if possible. Write a letter to each credit reporting agency whose report contains an inaccurate negative item. Include their credit report with the item circled or hilited. Indicate that the negative item should not be included on your report and indicate why. Include written documentation from the creditor if available. Keep a written log of all conversations and correspondence regarding this issue so you can detail the history in future communications. Two Methods that Help You Disput Items on Your Report
 - For a Powerful One-Time Upgrade of Your Credit Report
Lexington Law is a Law Firm specializing in credit report repair. They have helped over 80,000 Americans improve their credit scores by removing inaccurate, misleading, or unverifiable information from their credit reports. "It's amazing what a letter from an attorney can do!" The Lexington Law Firm is member of the online BBB and offers consumers a performance warrantee. From bankruptcies to charge-offs to tax liens, Lexington Law Firm has challenged virtually every credit problem under the sun and deleted over 600,000 such items to date. Lexington Law's service is backed by a warranty which entitles you to some or all of your money back if enough disputed items aren’t deleted. Put simply, they don’t believe you should have to pay for ineffective service. "If we can’t deliver, you’ll be reimbursed."
- Do It Yourself Credit Repair
Credit Secrets is an easy to follow manual that shows you the loop holes and details regarding fixing bad credit, removing negative items that are on your credit report, and adding the elements you want creditors to know about. If you've had late payments, repossession, or even filed bankruptcy, this guide is your ticket to getting your credit report back on track.
You'll learn everything you need to know to repair your own credit, including:
- The Inside Secrets of Credit Repair
- Six Credit Card Secrets Banks Don't Want You to Know
- How to Establish AAA Credit in 30 Days
- What to Do to Stop Collection Agencies in Their Tracks!
- How to Wipe Out Debts WITHOUT Bankruptcy
- Guerrilla Tactics that will Give You a Good Credit Rating
- How to Dispute Credit Report Errors
- Sample Credit Repair Letters
Get on the right track to Credit Repair today.
Credit Report Scores - How to See Them
Each of the three credit reporting agencies can provide you with a one-time copy of your credit report. Equifax, Experian, for example, will provide your report online for a fee of $9. Trans Union charges from $7.50 to $9 for your credit report.
All three credit reporting agencies will also provide a one-time copy of a "3-in-1" credit report. This contains your credit reports and your credit report scores from all three reporting agencies. Trans Union charges $34.95 while Equifax and Experian each charge $39.95.
Credit Report Scores - Improving Then
A good score helps you get the best loans. The loan officer will be glad to see you because you will:
- Qualify for a larger loan
- Get a loan faster
- Get the best interest rates.
Back to the main page of Online Credit Report
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Copyright © 2005-2009 Robert Sherman
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