Michael Madigan wrote: > If you've been denied credit or your rate has changed due to a change in > credit, you should be able to get a copy of that bureau's credit report on > you for free. > Oh, duh! I had meant to mention that. Michael is right.
Further, although you're limited to one free "no questions asked" report per year, you are allowed to have a free report no matter what, if the Credit bureau's info was a factor in your being declined for credit. i.e., every time you're turned down, you have the right to a new free report from the agency(s) furnishing the data. Also, regarding your limits being lowered - that's happening to nearly everyone. AmEx was the first, and worst, offender, but 2 of my other banks did the same thing. It will cause a sudden drop in your FICO score (because now your using a larger percentage of your limit), but should quickly rebound, providing you keep paying down your balance. In the long run, it's actually helpful, because you won't have as large of an outstanding balance, nor as large of a potential balance. Can't wait until 2010 when the new regulations go in effect. Funny how banks can instantly raise our rates, and make contractual changes, but require more than a year to make a change like "Payment is applied to balance with highest rate first." Maybe they should hire more VFP programmers. :-) _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
