TUTORIAL TEXT
Welcome to Garv Financial.
Just a quick reminder, please remember to rate the tutorial five stars at the end.
This is Gaurav Bhola and the tutorial is about “Know your Consumer Rights – Improve your Credit Rating, Credit Score, or Credit Report.”
This tutorial covers important consumer rights information as related to credit and informative tips on improving your credit.
Importance of Knowing your Consumer Rights
It is critical that you know your consumer rights, as it relates to credit rating/credit score, credit history, and credit report. A healthy credit rating or credit score is an important contributing component of your overall financial picture. Your credit history may be used to evaluate your applications for credit, employment, insurance, loans, leases, and more. Additionally, the status of your credit report and associated credit rating may be used to approve or decline you for services. Herein, be aware of protection your consumer rights can afford to you.
Know your Credit Report Rights
The credit report has meticulous information about your credit history and more, such as where you live, whether you’ve been sued or arrested, how you pay your bills, or have ever filed for bankruptcy.
The Fair Credit Reporting Act (FCRA) promotes the privacy and accuracy of information possessed by the nation’s consumer reporting agencies. Under federal Fair Credit Reporting Act guidelines, you have the right to receive the latest and most accurate copy of your credit report.
The consumer reporting agencies – TransUnion, Experian and Equifax by law are obliged to furnish you a free copy of your credit report, upon your request, once every 12 months. The free credit report can also be requested at AnnualCreditReport.com, the only government approved site for credit report requests.
Additional Credit Report Rights
You have the right to know if anyone has requested your report within the recent past, usually between one to two years for previous employment related inquiries.
If your application is declined by a company, under the law the name and address of the consumer reporting agency they contacted must be provided to you, as well as being furnished the information upon which the denial was issued.
You can attempt to remedy any errors or omissions in your credit report by contacting the credit reporting agencies and challenging the accuracy, completeness of information contained within your report. The credit agencies must investigate your request and correct any credit information as needed.
If your request for remedy is unresolved, you have the right to write an addendum explanation to your credit report. The credit reporting agency can include your statement addendum with any request for a copy of your report, as per you instructions. Nevertheless, there is an additional fee for this service.
My name is Gaurav Bhola.
Thank you, very much for watching the tutorial on “Know your Consumer Rights – Improve your Credit Rating, Credit Score, or Credit Report.”
More financial tutorials are available at GarvFinancial.com.
Don’t forget to rate the tutorial five stars
Financial Services For Residential and Commercial Property in Today’s Competitive World
Present day has almost everyone competing for business, especially concerning the world of real estate/property. Realtors are in competition on a daily basis with each other and will go out of their way to gain business leads and clients that may in turn bring them even more business down the road. Also, financial services usually go hand-in-hand with real estate/property as does a commercial mortgage.
Often, many individuals need to acquire services or professional expertise that provides them with sound financial advice, especially if the person wants to delve into the real estate / property market. You do not want to go head long into purchasing or selling real estate / property if you have less than great credit for example. This may hinder your business deals and cause you to lose money rather than make money with high interest rates if you are seeking loans and such.
Also, mortgages in general are often what many have to take out when playing in the game of real estate / property. Commercial mortgages on properties are even more important as they deal with strictly larger parcels of property and buildings pretty much of the time. Therefore, you will be dealing with even more money than you would normally concerning most mortgages.
Most services that deal with the financial industry, cover a wide array of certain organizations that help others deal with money and its management. These financial services are important to anyone wishing to take on purchasing or selling properties. You may find these services at many companies that are of the credit card variety, banks and financial institutions, consumer finance companies and other places such as stock brokerages and in many outfits that are sponsored by the government. Enlisting the services and professional help of any of these services may turn out to prove the best financial move you could ever make. They can put you on the right road to getting yourself and your finances in order to take on the real estate / property market.
If you are seriously considering trying to tackle much larger real estate moves, commercial properties are definitely the way to do just that. Mortgages of the commercial type will ask for your financial head to be on straight as do other kinds of mortgages of course, however mortgages that are of the commercial type will ask for more dedication, hard work and determination to buy and sell these properties. There is so much more that go into selling and purchasing properties that are considered commercial. This will also ask that you make smart financial moves and decisions, as you stand to either make a lot more money off these properties or perhaps lose a lot more money if the sound decisions are not made at best. The real estate market is a Ferris wheel of those who know how to play the game and those who think they know. Which one will you be?
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