Repair Credit Score

Archive for April, 2007

How often should I check my Credit Report and Credit Score?

Generally, you should check your Credit Report at least once a year. However, it is advisable that you check your Credit Report once every quarter.

How much does a Credit Report cost?

Your Credit Report will cost you around $10. The amount varies from state to state. It costs a little more to obtain your Credit Score or your FICO Score with your Credit Report. Your FICO Score or Credit Score is very important when you apply for any financing.

How and where to order my Credit Report?

You can order your Credit Report from each of the three major credit bureaus:

• Experian
• Equifax
• TransUnion

You can call the credit bureaus to order a Credit Report as follows:

• Experian: 1-888-397-3742
• TransUnion: 1-800-888-4213
• Equifax: 1-800-685-1111

You can also order your credit reports by mail:

Experian
National Consumer Assistance Center
P.O. Box 2002
Allen, TX 75013-2002

TransUnion Corporation
Consumer Relations Center
P.O. Box 10000
Chester, PA 19022

Equifax Credit Information Services
P.O. Box 105873
Atlanta, GA 30348

Alternatively, you can also order your credit reports from the credit bureaus' website.

Question: Can returning too many items effect my credit ratings?

I brought a lot of goods (electronics and clothing items) for my family during New Year. Now, my mom doesn't like her USB Flash drive and my Microsoft HD web cam lags. I still have time to return these items to Best Buy and Futurehsop.

*My question is that returning items back to the retailer will affect my credit card negatively?

*Will my Credit Score (Credit ratings) will be effected?

I know, we all do this type of reruns once in a while. But I was wondering,
*if these reruns to the store effect my credit card history? I have a perfect history for three years now.

Oh... I am in Canada and our system is exactly the same as American one.

Thank you.

Answer: Returns *DO NOT* affect your Credit Score in any way.

There are however, a few things some people overlook.

Example: Your balance before making your return was $100 and your return was $110.99. Now you have no balance therefore have to make no payment. WRONG! Returns do not count as payment. You should make your minimum payment and they will refund you later. People who overlook this detail have a "missed" or "late payment" and that WILL affect your Credit Score.

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