Covert Credit Report Secrets

 


Visitors: 154

Covert Credit Report Secrets is part 2 of our eye opening series of special reports uncovering financial lies and demolishing social myths spread by credit report bureaus and corporations like Equifax, Experian, and TransUnion. It is meant to open your eyes to the real truth behind credit, credit reports and scores and maybe even save you a few bucks in the process.

The days of fair decision making are over. In the old days, when you applied for a line of credit, a bookkeeper would actually request a copy of your credit report from the credit bureau, thoroughly review it and discuss any questionable activities with the applicant before rendering a decision.

Unfortunately, manual credit report evaluation is no longer feasible with billion dollar corporations extending credit to hundreds of thousands of people per year. Now days, credit approval or denial decisions are evaluated instantaneously based solely upon your fico score. So you can forget about the age old myth that your credit report is meticulously read and evaluated by your creditors, it just does not happen anymore.

Furthermore, the fact that including a statement explaining a negative incident on your credit report is a complete falsehood as well. In fact including the 100-word personal statement in your credit report explaining the reasons why the negative incident took place, will only confirm the actions and make it even more difficult to repair the damage in the future. Besides, no human eyes will ever read the explanatory statement anyway, all your potential creditors care about is the bottom line, your credit score.

Check out part three of our special Covert Credit Repair series of reports: Covert Credit Score Calculations and discover tons of secret tactics you can use right now to raise your credit score and employ some serious ‘damage control’ to your credit report .

(312)

Article Source:


 
Rate this Article: 
 
Credit Report - Look Out for Your Debit Report, Too
Rated 4 / 5
based on 5 votes
ArticleSlash

Related Articles:

Credit Report Secrets: Do You Know What They Reveal?

by: Dave Robinson (July 19, 2005) 
(Finance/Credit)

Clean Credit Report Get a Clean Credit Report and Raise Your Credit Score 100 ..

by: Benjamin Robert Ehinger (July 31, 2008) 
(Finance/Credit)

Credit Report Repair - How To Get Your Credit Report Repaired Fast

by: Michael Nikolica (December 14, 2007) 
(Finance/Credit)

Checking Your Credit Report Different Ways to Check Your Credit Report

by: Thomas Boston (July 22, 2008) 
(Finance/Credit)

Get a Free Credit Report From Experian Or Get a Free Credit Report From a ..

by: Benjamin Robert Ehinger (July 31, 2008) 
(Finance/Credit)

Free Copy of My Credit Report - How to Get Your Report Without Paying a Dime

by: Andrew Mason (August 14, 2008) 
(Finance/Credit Counseling)

Free Credit Report Online - Situation Report!

by: Matthew Middlemiss (June 28, 2006) 
(Finance/Credit)

Keep Your Credit History Clean - Remove A Negative Credit Record From Credit ..

by: Jeffrey Broobin (February 10, 2005) 
(Finance/Credit)

Credit Report - How To Dissect Your Report

by: Sylvia Rolfe (May 03, 2008) 
(Finance/Credit)

Credit Report - Look Out for Your Debit Report, Too

by: Charles Essmeier (July 25, 2005) 
(Finance/Credit)