heads up on credit reports!

Deleted member 2452 · Apr 15, 2003

a friend sent me this email. i did it, you might want to also.

Just wanted to let everyone know who hasn't already heard, the four
> major credit bureaus in the US will be allowed, starting July 1, to
> release your credit info, mailing addresses, phone numbers, etc., to
> anyone who requests it. If you would like to 'opt out' of this release
> of your info, you can call 1-888-567-8688. It only takes a couple of
> minutes to do.
>
> Once the message starts you'll choose option #2 (even though option #1
> refers to this E-mail) and then option #3 - Be sure to listen closely,
> the first option is only for a two-year period. Make sure you wait
> until they prompt for the third option, which opts you out forever.
>
good luck, steve

asutickler · Apr 15, 2003

Whoa, that e-mail is STILL going around?

Here's a link that explains it:

http://www.privacyrights.org/ar/optout_truth.htm

Limeoutsider · Apr 15, 2003

I have "insiginificant" credit, let them give it out.

qjakal · Apr 15, 2003

Good info...

Asu is correct. As for not caring about people accessing your credit reports, it can lead to problems and questions, whether or not your credit is good or bad. Q

Limeoutsider · Apr 15, 2003

Really? I don't know how credit reports work. All I know, if it says nothing or bad, you don't get credit extended. If it's good you get inundated (sp) with credit card offers.

qjakal · Apr 15, 2003

It's a process...

An extremely important one. You should have at least one credit card, especially if you're a young female, and use it (and PAY IT OFF) every month. This is the first step in establishing a credit history that can greatly benefit you down the road. Here's a link for basic info. This really IS a very important step for young adults, and one that gets neglected, often out of either fear(s) or ignorance.

http://www.bankrate.com/brm/bcd/bcd_lenders4.asp

Not establishing credit and learning how to correctly utilize it can hurt you throughout your adult life. Conversely, a good credit report opens a LOT of doors. Try it...you'll like it eventually! Q

Limeoutsider · Apr 15, 2003

Thanks for the link. I've applied for some cards, specifiaclly the used for building credit ones, and I've been rejected by all and I know there is nothing in my credit report that is bad. 😕 How am I suppost to build when they won't give me any, is what I'm wondering.

qjakal · Apr 16, 2003

Starting point..

Try a Sears or JC Penneys card...something in that category, and build from there. Obviously you'll need to be careful, but you have to USE the card to make the system work in your favor. Let me know how it goes... Q

TKpervert · Apr 16, 2003

Limeoutsider said:
Thanks for the link. I've applied for some cards, specifiaclly the used for building credit ones, and I've been rejected by all and I know there is nothing in my credit report that is bad. 😕 How am I suppost to build when they won't give me any, is what I'm wondering.

There's a type of credit card called a 'secured' credit card, where you give the card issuer $500 and he turns around and gives you a $500 credit limit on the card.
Sounds kind of silly, but it's a way to start building credit, and anybody should be able to get one of those cards.

Limeoutsider · Apr 16, 2003

So far I've been denied for a Wal-Mart card.

sole seeker · Apr 19, 2003

Hey Lime, gasoline companies never refuse credit cards (to the best of my knowledge). Get yourself a gas credit card - even if you don't have a car or drive. Use it to buy gum, sodas or something, and pay it off every month. There is no interest if you pay this type of card off every month and it will show up on your credit report.