Current employment information
- position, income, length of employment;
Credit history
- payment records, how much and how often you've borrowed;
Public record information
- bankruptcy, civil suits, tax liens.
If you've been denied credit
because of the information provided by a credit bureau, the lender is required by law to direct you to the bureau. If you contact the credit bureau within 60 days, it must send you a free copy of the report.
It is also recommend that you get a copy of your credit report at least once a year.
The Fair Credit Reporting Act enables you to dispute any
inaccurate information on a report. You also have the right to submit a 100-word explanation that will be provided to any future lenders and can submit a letter to the credit bureau
disputing any inaccurate information or aged information. Negative information stays on your credit report for seven years, bankruptcies for 10 years and inquiries from creditors remain for two years.
Order your credit report by calling one or all of the following agencies. The cost varies by state, but should not exceed $8 per report.
Trans Union, 1-800-888-4213
Equifax, 1-800-685-1111
Experian, 1-888-397-3742
Or, get your combined report online from QSpace.
Information for Borrowers:
