NationalCreditReport.com Reminds Consumers of Ways to Improve Credit Report and Score in 2010

Leading credit monitoring services company explains the importance of a clean credit report and informs consumers how to dispute inaccuracies in their credit file

Delray Beach, FL (PRWEB) February 9, 2010 -- NationalCreditReport.com, a leader in credit report, credit score and credit monitoring services, today announced the importance of ensuring a clean credit report and reminds consumers of ways to improve their credit reports should they contain inaccuracies. Under the Fair Credit Reporting Act, Consumer Reporting Agencies are required to provide a consumer with information about him or her in the agency's files. If a consumer disputes particular information in his or her file, the agency is also required to take steps to verify the accuracy of information.

If there is negative yet accurate information in a consumer's credit history, most negative information, such as late payments and judgments, is automatically deleted after seven years. Under federal law, the 7 years begins 180 days from the date of the original delinquency. The exceptions are bankruptcies, which remain on a credit report for 10 years, and tax liens, which remain for seven years from the time they are paid. If a consumer decides to propose an explanation to the credit reporting agencies, he or she may include a 100-word explanation describing any extraordinary circumstances that led to the bankruptcy, such as the loss of a job or illness.

Samuel S. Ambrose, NationalCreditReport.com's Vice President of Marketing and Operations, said, "Credit scores are one of the primary tools used by lenders when determining the interest rates we as consumers pay on the money we borrow, which can mean a real difference in the cost of a car payment or even the ability to buy or refinance a home. A good credit score starts with a clean credit report. Before attempting to increase your credit score, you must know if your credit report contains any inaccuracies. This can be one of the simplest ways to remove errors from your credit history that could be holding down your score. By reminding consumers of ways to improve credit reports, we encourage them to take an active role in managing their financial health."

Credit monitoring services provide a rapid notification email alert to the subscriber of any new activity on their credit file including account changes, credit fraud and identity theft. These email alerts are the first indication of a legitimate credit report inquiry, credit discrepancy, or fraudulent activity within a credit file. Credit monitoring services, when used consistently, are not only a helpful way to protect against identity theft, but can also help consumers maintain a clean credit report.

About NationalCreditReport.com
Since 2004, NationalCreditReport.com has specialized in providing credit information and credit monitoring services to consumers to help protect them from identity theft and understand their credit reports and scores.

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