Checking Your Permanent Record Fresno CA

As a young student I feared getting bad grades because I didn’t want any bad marks on my “permanent record. ” Get an “F” in fifth-grade science and it goes in your record.

Fresno Police Department Credit Union
(559) 233-1788
1004 N Van Ness Ave
Fresno, CA
 
United Local Credit Union
(559) 227-8329
3650 E Ashlan Ave
Fresno, CA
 
State Center Credit Union
(559) 225-7228
1515 E. Shaw Ave
Fresno, CA
 
The Golden 1 Credit Union
(559) 222-1148
111 E. Shaw
Fresno, CA
 
Freedom Debt
(559) 304-8778
6057 N Polk Ave #108
Fresno, CA
 
Fresno County Federal Credit Union
(559) 252-5000
1250 Van Ness
Fresno, CA
 
First California Federal Credit Union
(559) 226-8282
2525 E. Shields Ave
Fresno, CA
 
The Golden 1 Credit Union-CSUF
(559) 454-7651
5280 N Jackson Ave
Fresno, CA
 
Consumer Credit Counseling Service
(800) 750-2227
4969 E McKinley #107
Fresno, CA
 
Fresno County Federal Credit Union
(559) 252-5000
4979 E University
Fresno, CA
 

Checking Your Permanent Record

Want to know a secret? There really IS a permanent file that follows you through life, but it has nothing to do with grammar school grades or activities. The real “permanent record” you need to be concerned about as an adult is your credit record! You should check your credit record on a regular basis, especially if you are planning on making a major purchase such as a car or home.

Your credit report or credit profile is a record of your credit activities. It lists your credit card accounts and loans, your account balances, and whether or not you make your payments on time. Your credit report is used by potential lenders to evaluate your creditworthiness. Credit reports have also been used by insurance companies to determine what rates you will pay for your insurance policies.

Reviewing your credit report can help you avoid costly errors. In one recent study, more than 50% of the credit reports checked contained errors. Other studies have shown similar results with as high as a 70% error rate. The most common error occurs when the information of another person, with a similar name or account number, is recorded in your credit profile.

A more serious problem occurs when someone gains access to your personal information and commits identity theft. Identity theft has become the fastest growing crime in our nation. Identity theft complaints jumped 75% from last year according to a recent Federal Trade Commission report. The monetary loss from identity theft crimes skyrocketed to a combined $53 billion in 2002! Accounts that appear on your credit report that weren’t opened by you could be a sign of identity theft.

For a thorough review of your credit profile, you need to check with all three major credit reporting agencies (CRA’s) : Equifax, Experian, and TransUnion. Information can vary between the three CRA’s and it’s important to make sure each has accurate and up-to-date information regarding your credit history.

Once you have your credit report, start by checking the accuracy of your personal information: your name, your social security number, address(es), etc.

Next , examine the accounts listed in your credit history. This section lists your accounts with creditors and your payment history with them. It is important to read this entire section and make sure the information is complete and has been reported correctly. Report any errors immediately to the credit reporting agency for investigation and correction.

Finally, check the number and frequency of credit inquiries to your file. Make sure that all the inquiries were authorized by you. Potential creditors who see a high number of inquiries in a short period of time may consider you a high risk and deny you credit.

Make it a habit to check your credit report annually. Doing so can save you time, money and future credit problems down the line.

About the Author:

© 2004, http://www.yourfreecreditreportnow.com

Author: James H. Dimmitt.

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