Have You Been Denied Credit Or A Loan -- NationalCreditReport.com

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Denied Credit or a Loan? Try Raising Your Credit Score.

As a result of our struggling economy, being approved for a loan or line of credit has become increasingly more difficult. NationalCreditReport.com, a leader in credit report, credit score and credit monitoring services, advises consumers that if their application for credit is declined, there are a some important actions they can take while working to raise their credit score.

"Creditors check your credit report from the three major credit bureaus (Experian™, Equifax™, and TransUnion™) when deciding if they will grant you a line of credit," said Samuel S. Ambrose, Vice President of Marketing and Operations of NationalCreditReport.com. "People who have been declined know that raising their credit score is often necessary, but that takes time. It's also important for them to know that there are steps they can take now to understand why they may have been denied credit."

If a lender or creditor denies you credit, a loan, insurance or employment because of information in your credit report, they have to divulge which of the three major credit bureaus provided the information to them.

The Fair Credit Reporting Act (FCRA) allows you to get a free credit report from Experian™, Equifax™ or TransUnion™if you are denied by a lender or creditor. Also, you can only receive a free report from the credit reporting agency that provided the report that the lender reviewed to make its decision.

When you get it, check your credit report thoroughly to find the reason you think your request for credit was denied. Often the reason is included in a letter that the creditor sent you informing you of the decline.

If you find any inaccurate information on your credit report, you have the right to call these misrepresentations to the attention of the three major credit bureaus and dispute them in an effort to raise your credit score.

Going forward, check your credit report regularly by obtaining your credit report from a source that also includes your credit score. This will help you track your progress raising your credit score. Note that free reports from the government do not include your credit score. At the company's website, http://www.nationalcreditreport.com, consumers can sign-up for a free credit score which includes one credit report and a free, seven-day trial of its Triple Safeguard Credit Monitoring™ service. The company also offers consumers the opportunity to purchase their credit report and score for one low price with "no strings attached." Interested customers can visit http://www.nationalcreditreport.com/nostringsoffer to buy their credit report and score without being enrolled in a credit monitoring service.

About NationalCreditReport.com
Since 2004, NationalCreditReport.com has specialized in providing credit information and credit monitoring services to consumers to help them understand their credit report and score. NationalCreditReport.com encourages consumers to check their credit report on a regular basis.

Allison Tomek


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