Studying in the United States use credit card inventory should considerations

【-Feature 】 1, careful handling denial letter, and learn about your credit record

For no credit information at the beginning of the United States, its application for a credit card is denied for reasons not foreign non-United States citizens, does not have sufficient credit history, income, etc. In fact, not all the same conditions of applicants are denied by the same fate. Therefore received the letter of refusal, don't wait for a silent. It is best to carefully read the denial letter, and learn about the reasons for the rejection of and reply to the letter signed by the head and tail, it is your data once again detailed audit and indicate your interest to the credit card company. If you can prove the same conditions and obtain the name of the credit card and credit card number, will contribute to the further examination of the chances of winning. But for those who already have a credit record of consumers, apply to the bank debit or credit card denied, it is best to know the reasons for refusal and the use of credit information sources. Personal credit information in the United States by the three major credit Bureau of investigation (CBI/Equifax, Trans Union, TRW) is responsible for management, investigation and audit. They handled credit information is not 100% no disadvantage, according to consumers Union estimates of their credit report error rate as high as 30 to 40 per cent. Even if the credit bureau annual report totals yourself recognized only by mistakes, however a small error, improper credit record, and will affect all the credit. Therefore to apply for a credit card is denied, may wish to query your credit record. On the one hand to protect your credit record, and on the other hand, are correct and can be detrimental to others or error of credit information to require issuers to re-examine, and to facilitate future credit. The following describe students how to protect your credit record:

You may wish to make a telephone call or once in a letter to the credit Bureau, request access to your credit information to determine your file contains no not really and against you. According to the Federal primary relevant legal provisions, in 1971, published by the fair credit reporting Act FCRA (The Fair Credit Reporting Act of 1971-a), the consumer has the right, in any case, to write to the credit bureau or personally to their company for access to their credit information. General access to credit information about a $ 15 processing fee.

If you check the credit records and found that there was error in the record, or when you apply for credit cards or loans by the Bank refused, under the FCRA, you may be seeking solutions in the following ways:

(1) to apply for a loan or credit card company asks, is it a credit Bureau report. And then as soon as possible contact with the credit Bureau. At the date of application for denial, 60 days to the credit bureau requests for access to their credit records, you can get a free survey report. Upon receipt of a credit report, look for errors in the record.

(2) if there are errors in the record, write to the credit Bureau, at the same time offer verification of evidence and information, required them to investigate and fix. Usually 30 days, they must give you a reply. Credit Bureau is obliged to correct the error record, any adverse records, if you do not have sufficient evidence must be eliminated.

(3) you can write a letter requesting credit Bureau to send the correct information to supplement, for the past six months have to obtain your credit report, together with relevant documents and information.

(4) at the same time, you can also request credit Bureau to send a copy of the amended to you and will correct the information sent to the other two credit bureaus, other credit Bureau as may also be stored in the same error information.

(5) If a credit Bureau refused to fix your errors, the only remedy is to write a piece of 100 words or so are described in the credit Bureau of archives, to all of the required survey data of businesses or the Bank to explain why. At the same time, you have to directly to the original loan, or apply for a credit card bank explaining the incorrect survey report.

It should be noted that, apart from the bankruptcy, all bad credit records are in the personal credit bureau files continued for seven years. Under the FCRA, seven years after it must be automatically eliminated. However, if consumers irresistible factors such as illness, divorce, dismissal and delayed payment, damage your credit record, the FCRA allows you to attach a statement in your file.

When you're desperate, don't turn to credit correction to the correction or remedy the company your mistake. The company charges several hundred dollars, but they can do, which is a few steps above. If the credit Bureau in violation of the FCRA, consumers may, in accordance with the legal requirements of a credit Bureau, all the error information for the loss and the burden on all litigation costs.

Of course, in every possible attempt to fail before considering legal action. Better try to direct and credit Bureau and the banks, merchants and representations. If you are still not properly addressed, or to local non-profit agencies, such as consumer protection or consumer credit counseling companies, consulting