Credit Counseling Agency Offers Tips to Dispute Report Errors

By | Feb 19, 2013

Credit Counseling Agency Offers Tips to Dispute Report Errors
News from KTVN:

The accuracy of credit reports has been in the news lately, causing consumers to wonder how error-free their own report is.  Since credit reports are the backbone of the all-important credit score, it is indeed important to fully understand what a credit report is, what consumer protections are in place, and what actions can be taken if errors are found.

“Consumers can be their own best advocate to ensure the accuracy of their credit file, but education is key,” said Gail Cunningham, spokesperson for the NFCC.  “If an error is identified, it is the consumer’s responsibility to take immediate action through the proper channels in order to resolve the issue.”  

The National Foundation for Credit Counseling (NFCC) offers the following Dos and Don’ts to help consumers better understand credit reports and the dispute process:

•             Do understand the purpose of a credit report.  A credit report is a track record that reflects an individual’s borrowing history.  It also contains information about places of residency, law suits, arrests, and bankruptcies.  The credit reporting agencies sell the information to those with a permissible purpose to review it, such as insurance companies, employers, lenders, and other businesses, so that they can ma…………… continues on KTVN

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Related News:

University of Hawaii Solar Tax Credit Report Clouds Real Issues: Report …
News from Hawaii Reporter:

The University of Hawaii Economic Research Organization (UHERO) recently issued a report suggesting that the state’s renewable energy tax credits, which have spurred an unprecedented boom in Hawaii homeowners and businesses turning to clean, green solar energy, are actually a negative force on the state economy and will allegedly cost taxpayers more than a billion dollars.

The Hawaii Solar Energy Association (HSEA), which represents a majority of the state’s solar companies and is a key promoter of clean energy statewide, believes the UHERO report’s logic is faulty on a number of levels. It chiefly ignores the number of jobs being created in the photovoltaic (PV) energy industry and the increase in state revenues resulting from taxes paid by solar companies and their many employees. It also ignores the positive impact to the economy as these companies and employees spend their income for goods and services across the state.

A fair analysis of the tax credits’ effects should not focus on overblown, hypothetical tax increases for Hawaii residents. It should focus instead on the facts – according to a st…………… continues on Hawaii Reporter

… Read the full article


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