Credit reports are designed to provide information about your bill paying history to businesses and organizations. Unless you have been denied credit in the past 30 days, credit bureaus generally charge you a fee to send you a copy of your report.

Building and maintaining a good credit history is important. You want to be sure the information on your credit report is accurate. Derogatory information on your credit report is a major factor considered by creditors in determining your request for credit. These factors could also hinder your ability to rent an apartment, buy life insurance, or obtain employment.

The Credit Report Review offers a personal and confidential meeting. During your conference, your reviewer will obtain your credit report and personally examine and clarify its content. You will also be given more information about existing credit reporting regulations, and learn how to correct inaccurate information. Typical credit report review is $25 for an individual.

Credit tip
Beware of anyone offering to fix bad credit. Although "credit repair clinics" are expensive, they often tempt consumers overshadowed by credit problems. If you have negative information on your credit file, it will not be removed for 7 years; 10 years in the event of bankruptcy. The FCC has ruled that "credit repair" businesses cannot collect fees for their services until at least 6 months after the service is performed. This ruling helps you to verify that the correction has been made before you pay for the service and protect you from unscrupulous business practices.