“Here’s a simple way to help you PROTECT yourself from identity theft and IMPROVE your credit rating so you get a car loan, a home loan or a credit card sooner and with LESS hassles!

Thousands of people are falling victim to identity theft - no one is immune!

Identity theft is a serious crime. It occurs when your personal information is stolen and used without your knowledge to commit fraud or other crimes. Crimes YOU will have to answer for!

Right this minute, somebody could be doing something really nasty... Using YOUR personal name!

A credit report will help you to make sure your financially history is in good health and that it’s not tampered by identity theft criminals. It consists of data from 3 major credit bureaus. These are Equifax, Experian and TransUnion.

Any time somebody even applies for credit under your name it is reported to at least one of the above agencies. If you notice any accounts or loans or any other sort of information that isn't correct you will need to contact the creditor in question and make sure the account is closed. You certainly don't want somebody else's crimes to be pinned under your name and bringing your overall credit rating down.

To protect your identity or to check your financial history, it makes sense to run a credit report without delay.

A credit report is an accumulation of information about how you pay your bills and repay loans, how much credit you have available, what your monthly debts are, and other types of information that can help a potential lender decide whether you are a good credit risk or a bad credit risk.

You can easily obtain a copy of your own credit report online and it usually costs around $25 to $30.

How to ‘FIX’ BAD CREDIT RATING quickly… and get that loan sooner!

As a general rule, a bad credit report usually stays upon your record for a period of 7 years. If your report says you don't pay your bills on time, or that you have a lot of debt, you may not get that loan.

You can help to correct credit errors or misunderstandings by writing a letter to the creditor or by writing letters to be included within your credit reports. Sometimes, a letter explaining a sudden loss of a job, a lay off, or a long-term illness will change the view of the lender in reviewing your credit report.

Additionally, you should provide any documentation proving your reason for failing to pay on your debts. By law, credit reporting agencies are required to include letters of explanation along with any documentation proving such explanation with the credit report.

If you are planning on applying for a loan, buying a car, putting a down payment on a house, or simply applying for a credit card, you are going to want to know what kind of credit you have beforehand, and a credit report is the only sure way of knowing.

If you’ve been rejected from a loan or credit card, a credit report will help you figure out why.

Is your neighbour BORROWING large sums of money in YOUR name...?

With so many people applying for credit and taking out loans, it is bound to happen somewhere along the line. It makes it a little more difficult as well when so many people often share the same first and last names. It is usually not a crime intentionally committed against you but nevertheless, you will have to suffer the consequences unless you act in time. More often than not this is easily remedied by contacting the credit reporting agencies to have the information corrected.

Something else that some people don't consider is the possibility of a forgotten account. This isn't really something that happens that often, but it does happen. A credit report can help you in finding one of these. Maybe you had a savings and/or checking account years ago that you just stopped using and neglected to close. Perhaps you cut your credit card in half, paid the balance off and forgot to close the account. It may all sound foolish but then again, it does happen and it’s better to be safe than sorry.

If you need further information about changing a bad credit report, please seek the advice of a legal professional.

On this page you’ll find other useful tips to help you obtain a loan, protect yourself from identity theft or even help you avoid a foreclosure on your home. If you have more questions simply check our free guides, links and articles on this page.

Remember; keep your confidential and personal details safe.