Investment Center
Articles: Check your credit reports
In all likelihood, you probably pay all your monthly bills on a regular and consistent basis. For instance, you may have never been late with a mortgage check. Nevertheless, you might be turned down for a loan because of bad credit rating.
Why is that? Maybe your credit history report is at fault. This is the record compiled by credit bureaus and sent to creditors who want to check on a prospective customer’s payment history. The system isn’t foolproof, so your report may contain inaccuracies. Find out: The three major nation-wide reporting companies - Equifax, Experian and TransUnion - provide the information free to consumers.
If you think you have been wrongly denied credit, contact the creditor and promptly resolve the matter. Your professional advisers can provide assistance.
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