Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.
Financing Solutions! Credit issues? Your lender can help
We frequently hear we're supposed to regularly check our credit reports. And staying on top of this is especially important when starting to shop for a new home. There are three main credit bureaus: Equifax, Experian, and TransUnion. These bureaus store consumer credit histories by the millions, and hundreds of thousands of businesses tap these bureaus for their data about you. Unfortunately, mistakes can happen. Especially if you're not the only "Bob Johnson" or "Susan Smith" who lives in St. Louis.
Let's say you receive a copy of your credit report and find a mistake-what do you do? What if there's an old collection account showing as unpaid when you have the paid receipt and a letter stating that the account has been settled?
Your credit report will show which of the three credit bureaus are reporting the error, and you'll get a toll-free number to call. But if you have ever called one of these numbers, you know to expect anything but friendly service. You know the drill, "Press 1 for English, Press 2 if you are a consumer, Press 3 if you'd like to enroll in our..." and so on. It's likely you'll either leave a voicemail or listen ... more
Are you on The Rain? Grow Your Network!