In the early 1970's, based on pressure from various consumer groups and the growing use of credit reports, Congress passed the Fair Credit Reporting Act to regulate the relationship between consumers, creditors and the credit bureaus (Equifax, Trans Union, Experian). This law gives you several rights as to what personal information can be disclosed, how it can be disclosed and the way your information is reported. One of the most important provisions of the law allows consumers to challenge inaccurate, obsolete and misleading items as they appear on your report.

There are primarily two types of scores, generic bureau-based scores and custom scores. Among bureau-based scores, the most widely used score in the financial service industry is the FICO score generated by the Fair-Issac Company. Each credit bureau can also generate its own credit score, such as the Experian Credit Score. The bureau-based credit scores draw on statistics from a large number of consumers across a variety of accounts. Individual lenders who rely on credit bureaus and other information--like account history from their own portfolios--generate custom scores. Scores are not just used to rate the credit worthiness of consumers. Lenders also use scores to predict consumer response to offers sent in the mail, the likelihood that account holders will file for bankruptcy or that a consumer will move their account to another lender.

Generally, we like to say 6 to 9 months depending on the situation

Here at Accurate Credit Reporting we pride ourselves on provide the best service possible, with that idea in mind we guarantee at least a 30 point increase on one of your credit reports or your money back!

Yes. You have certain rights under the Fair Credit Reporting Act, including the right to challenge inaccurate, obsolete and misleading items appearing on your credit reports.