Credit history and reports

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Reference no: EM133061740

Credit history and reports.

1.There are three main credit reporting bureaus -- Equifax, Experian, and TransUnion. How frequently can you request and receive a free credit report from each bureau?

2. What is the maximum amount of time a negative item (late payment, missed payment, default, bankruptcy) can stay on your credit report?

3. Suppose you've already received your free credit reports this year. Give 3 situations in which the credit bureaus would have to provide you an additional free report.

4.If you review your credit report and find an error, and you're able to prove it is, indeed, an error, how long does the credit bureau have to remove the error?

5.Explain why someone might want to put a "red flag" on their own credit report.

6. TRUE or FALSE:

A. The FCRA applies only to the 3 main credit reporting bureaus -- Equifax, Experian, and TransUnion.

B. Under FCRA, each credit bureau must also provide your credit score, free of charge, if you request it.

C.FCRA allows you to opt-out of receiving credit card promotions based on your credit history.

D. Equifax, Experian, and TransUnion are legally obligated to provide identical information.

7. What is the one website you can visit in order to request a free credit report from any of the three bureaus?

Reference no: EM133061740

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