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Basic Facts About Credit Reports

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Article by Roger Peter

This article will give you a birdÂ’s eye view of what credit reports are and some important factors that you should be aware of.

What are credit reports?

To put it in simple words a credit report is a record of all your borrowing and repaying history. It has data related to all your financial transactions, loans taken, credit card usage, repayment history, late payments and bankruptcy to name a few. So checking your credit report can give anyone a complete idea of how well you manage your credit and if you are credit worthy. You can get more information about credit reports here.

What is the use of a credit report?

A credit report contains all information about your credit history. It can tell anyone if you are a responsible borrower or a reckless one. A good credit history is reflected in your report with a higher credit score and vise versa. The information on your credit report can be highly useful to lenders are other financial institutions who can refer the reports to ensure they are giving a loan to the right person. Generally lenders shy away from people having a poor credit score and they can give loans with lower interest rates to those with good scores. So in a way a credit report also acts as an external element forcing you to borrow responsibly.

Who records my credit history?

The recording part is done by three credit agencies namely Experian, Equifax and Transunion. Whenever you fill out an application for credit from a bank/financial institution the information is forwarded to all these three agencies. All these three agencies work individually and hence there are chances that your report will have slight differences with each agency.

What is a 3 in 1 credit report?

A 3 in 1 credit report is a reporting format that includes reports from all three credit agencies namely Experian, Equifax and Transunion. This is the best and simplest way to get access to all three credit reports in one shot rather than approaching and requesting reports from each agency separately. In addition to the ease of information access a 3 in 1 report is cheaper and saves you a lot of time as well.

How often should I check my reports?

You can check your reports once every year but to be on the safer side it is always better to have a credit monitoring firm monitor changes to the reports on a regular basis. This will ensure that you stay clear of credit fraud. A monitoring firm will intimate you against any major changes made to your credit report within 24 hours. This gives you a chance to check your credit report and ensure that those changes are valid and have not been made by unauthorized parties.

How can I check my reports?

The easiest way to do this is to apply online. But ensure that you are applying through a trusted source. You get access to one free credit report every year which you can get from annualcreditreports.com. This is the only place where you should apply to get your free credit repot

What if I have used my free credit report?

You get access to a free copy of your credit report every year which you can order from annualcreditreports.com. In-case you have used up your free credit report you can still get access to your credit reports through other agencies. You can either directly approach one of the credit agencies or apply through other companies that work for these agencies.

Get a copy of you 3 in 1 credit report at BestCreditReports.com and save!










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What to do about negative Bank of America credit report

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Article by Ask Bill

You were in the process of applying for a loan or refinancing and you obtained your Bank of America credit report but saw a negative comment on it. You are now wondering what you should do about your Bank of America credit report and the negative comment. You checked with the bank to find out why you got a derogatory comment on your report but it could not give you a good explanation. As far as you can remember, you do not think you did anything to warrant a negative comment on the report. So what next? Below are the steps to take if you think that the negative comment should be removed so that it does not mar your credit score. You must always bear in mind that the credit report may not be an accurate measure of your finances and credit history as it only takes into account your financial situation in the most recent 60 to 90 days. If it makes you feel better, you will be glad to know that at least a quarter of the reports requested from credit reporting agencies end up in dispute and a quarter of the disputes are accurate. Also according to the Fair Credit Reporting Act (FCRA), consumer credit reporting companies are required to report accurate information and you may dispute any inaccuracy you noticed in your report. Now, the steps you could take to dispute your report are: 1. You need to obtain your free credit report either rom Equifax, Experian or TransUnion. You can get the free report once a year. You can obtain your report through the Annual Credit Report request service. You are also allowed to request for a report from each of the company. To obtain the report, you will need to provide your full name, date of birth, current address and Social Security number. However, the information required by each company varies. 2. Once you get the report, check it thoroughly for errors such as your name, social security number and your current and previous addresses. You need to ensure these information are accurate as there could be mistakes made in your report. 3. Take steps to correct the mistakes in your report by writing to the consumer credit reporting company and informing it about the error or inaccuracy. You may need to list out the information in dispute and then make a request that it is removed or corrected. The consumer reporting company will then investigate your disputes within a 30-day period. Once the consumer reporting company has completed its investigation, it may send you a letter to inform you of the results. It may also send notices to anyone who may have received your report in the past six months. So, in essence, if you had applied for a Bank of America refinance loan three months ago and it was rejected due to the mistakes in your credit history report, this may help you in your future application. 4. Finally, you may submit your dispute in writing to the creditor or other information provider. To do that, you may need copies of the documents to support your claim of inaccuracy. Bank of America has an address where you can submit your dispute. When it reports the item to a consumer reporting company, it may need to include a notice of your dispute and if it is true that the information in the report is inaccurate, then the item will be removed. Bank of America is one of the nation’s top lenders and when you try to apply for a loan, your financial report card or credit history is an important factor that the lender looks at. That’s because the lender wants to know more about your financial background and it needs to know whether you are able to repay the loan you plan to take from it. So, when you apply for a Bank of America refinancing, the information that credit reporting agencies will collect to make up your financial report card includes all your personal information, your credit accounts and reports from your creditors, a list of those who had asked for your report and public record such as foreclosures, lawsuits, liens, judgments and bankruptcies. Having a healthy, good, financial background is essential to obtain approval for loans. So if you do see any mistakes in your credit report, make a point to dispute it and have it removed.

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Things You Should Know About School Canopy

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Article by John Samual

Over exposure to harmful ultra violet rays of sun is damaging at any age especially so in kids because they have delicate skin. This may result in skin cancer and many other allergies and skin disorders in the long run. So, it is very essential to protect against excessive sun exposure. Protection against sunburn is very important in schools as kids spend a lot of time outdoors in schools. There are different types of shades, awnings and canopies available for this. This is one effective way to prevent sunburn and reduce the threat of skin problems. It is the responsibility of school administration to ensure safety of children from sunburn and other weather conditions and this can only be achieved by installing a school canopy.

There are many other advantages of installing a school canopy aside from the most obvious one of providing shade. Children can play under different school canopies in a safe environment. This shaded area does not cause any threat to the skin and protects the children. Instead of spending all the time in classrooms, they can now play in the shaded area under canopies. School canopies are also ideal for outdoor teaching or performing other learning activities. Music class, quiz, group discussions and other suitable extra-curricular activities can be performed outdoors. This makes learning all the more enjoyable. Teachers can use this place as a centre for learning in an open atmosphere. This acts as a motivational factor for students also as they enjoy more outdoors. School canopy can even be used as an eating place. Students can enjoy their lunch under them rather than sitting in classrooms or roaming in balcony during lunch time. This shaded area can even be used by teachers for having lunch or maybe finish their checking assignments.

School canopy is even useful for parents as it works as a waiting area for them. Instead of sitting or standing under sun, which is damaging for their skins too, parents can wait under the canopies when they come to pick kids from school. School canopies can even be used as staff room. School teachers can sit in the shaded place in their free time. They can sit outside and do their work in a quiet and peaceful atmosphere. Thus, school canopies provide safe and open atmosphere for children school staff and parents. The shaded area outside definitely ensures an area for growing, caring, and building positive values.

Another benefit is that a school canopy requires little maintenance, if it is of good quality. Also, it can be customised according to the need. Padded post of the legs of canopy can be really helpful. They are easily cleaned and are also waterproof. They come in a range of bright colours which can match or contrast with the school building and surroundings. The roof of school canopy is glazed with ultra violet stable polycarbonate which protects from UV rays. Many online retailers are available to help you get the right one for your school. So, take time out and search for the ideal one for your school.

If you are a school owner in search for school canopy of different designs, colours and styles please visit http://www.aceshelters.co.uk/ for more information. Here you will also find bus shelters, school shelters, covered walkways, cycle shelters, etc.










A Few Questions About Company Reports

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Article by Dennis Scott

There is hardly any business which is absolutely protected against agreements with unreliable business partners. However, a comprehensive credit check company report may help reduce financial risks. Here are a few facts one needs to know about credit check reports.

Why business people need credit check reports

It’s not obligatory for business people to order credit check reports yet these reports can provide them with valuable information on prospective business partners. It makes credit check reports a good tool for protecting one’s business since accurate information is the key factor in the present-day business world. Reports on limited companies consist of fifteen sections and provide information on company’s details and financial aspects including such positions as cash flows, account notes, ratios, growth rates, profit and loss accounts, to name but a few. Therefore, the comprehensive company report provides a full picture of company performance. Reports on non-limited companies provide information on contact details, risk information, information on County Court judgements and businesses with the same name or address. Besides, credit check reports on companies from the Republic of Eire include mortgage details.

What types of reports can be ordered online

Most credit check companies offer two types of reports: company reports and director reports. While company reports provide financial information on companies, director reports provide information on their administration. At the moment there are 9.3 million live directorships which cover 2.5 million companies. Director reports include personal details, information on live directorships of trading and non-trading companies, directorships of dissolved companies, directorships with insolvency proceedings and resigned directorships. To obtain overall information about prospective business partners, the company report can be ordered together with the director report. Besides, company document images can provide additional details on accounts, annual returns, capital and shareholders, incorporation, mortgage, liquidation and change of name. Backscanning made it possible to scan even pre-1996 reports; now there are around 440 million images available on the Internet. All of them comply with the BSI standards for electronic image legal admissibility.

How soon reports can be obtained

At the present moment there are 9.4 million reports available online. The turnaround time of credit check companies is less than 3 days since the account receipt so business people don’t need to wait long for the necessary company report. When it comes to document images, they can be available within 12 hours.

How payment can be effected

Customers can choose from two payment options: pay as you go or Tier packages. The latter allows saving up to 80% when ordering more reports. There are four Tier levels; each allows purchasing reports within the particular price limit. However, there is no time limit within which Tier levels are valid. Account balance can be topped up at any time; the current Tier level can also be upgraded if it’s required.

All reports are compiled according to rigorous procedures of data analysis. The data for the company report is taken from reliable sources such as Companies House, Registries Trust, the Irish CRO and others which leaves no doubts about its accuracy. Purchased reports and document images can be accessed online at any time or downloaded for offline work.

For further information regarding the range of business credit check services we offer, please visit our website at http://www.checkthatcompany.co.uk.










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