How to Get a Free Copy of Your Credit Report before Stating Your New Business
Contributed by Lisa Marie
Starting your own business can be a lot of hard work. Where should you start? May I suggest that you begin your process by getting a copy of your credit report, for free!
Although this can be kind of tricky (and some will consider it downright sneaky), there are ways to get a free copy of your credit report.
it is very important that you get it before you start your own business, as your credit report will prove to be a valuable foundation for what's to come. You may have a little cash to start up now, but that money could be soon gone. Then you will need a loan. If you have errors on your credit report, do you actually think that someone will lend you the money that you need? The truth is, most financial institutions won't even if the errors are obvious. For example, say you were born in 1980.
That would make you twenty five years old this year. There may be an error on your report stating that you had a foreclosure on your home in 1996. Obviously, this can't be right, but the bank will not give you a dime until the error is fixed. It can take a few months, even a lot of months, to fix your errors.
If you find an error, let the credit bureau know immediately! All disputes must be submitted in writing either via email or pen and paper, so keep that in mind. The bureau will then submit your concerns to the credit bureau in question. The bureau now has ten days to prove that your dispute is a fact. If they can't prove that they are right within the ten day period, they must remove it (or them) from the report. So basically, the credit bureau is on your side, helping you with your report.
After all disputes have been fixed, the bureau will send you a brand new error free credit report.
