Many Americans concerned about their credit score seek out the services of credit report experts. They believe that these experts can provide them with the answers they are looking for and give them the right tools to eliminate their debt.
However, some so-called credit report experts are not experts at all. Credit is a huge part of the American lifestyle and a huge financial boon for those in the business. Fake experts have popped up all over the place to help consumers part with their hard-earned money for their ‘expertise’.
Here are two easy ways to spot the difference between a genuine expert and someone who is just out to make a quick buck:
- A person who is only seeking money will never point out free resources such as requesting a free credit report gov. They don’t even want consumers to know that such a resource is available. Everything they offer comes with a price.
- A true expert will give you valuable, time-tested advice such as paying down the highest balances first. The other ‘expert’ will insist that the best way to get rid of debt is by paying them more money.
In 2003, the government passed the Fair and Accurate Credit Transactions Act. Through this Act, every American is now able to obtain a free credit report each year. This is commonly known as a free credit report gov, as the government has established this program.
A credit report gives a complete picture of a consumer’s credit history. It can contain such details as the amount of debt compared to the amount of income, the amount of debt that is currently being utilized and any late payments made on any loans.
Many Americans don’t understand their credit reports and the impact that their credit score has on their life. A low credit score can affect everything from obtaining a mortgage to getting a job. Fortunately, there are many ways consumers can boost their credit score if it is suffering. If a person is concerned about their score, they may seek the services of credit report experts. This is fine if they know how to find a genuine expert. Otherwise, there is plenty of free advice online for interested persons.
The first step anyone should take who wants to improve their credit score is to request their free credit report gov. Only by having a clear picture of what is going on in their credit history can they begin working towards building it up.