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Fantasy Credit Report
By: Tom Justice
Your Credit Report (The Boring Part)
Your online credit report is a collection of files and records pertaining to
your credit history. It is often referenced for hiring, renting, mortgages,
loans, background checks and many other situations which may require an
involvement of a larger sum of your income or a need for your personal services.
Your online credit report contains the good the bad and yes, the ugly, within
its pages. There are 3 major credit report bureaus from which the information
comes from: TransUnion, Equifax and Experian. For the most they are similar, but
between the three bureaus there may be some different items listed.
What If!?
What if your online credit report was only full of positive, correct and up to
date items? This would be like a fantasy credit report. You could use it like a
tool for certain things like getting a low interest loan or the mortgage you
actually wanted. You could use it as a weapon against those creditors who
automatically assume that your credit sucks and turn the whole finance game
around on them. This fantasy credit report would be like a report card with all
A's (something most of us have never experienced right?). Imagine not having to
worry about what the results are going to be when the phone rings from the bank
because you have total peace of mind that your credit report is not only clean
but also free of errors and mishaps. The anxiety of waiting for the results of
your credit standing concerning a major purchase can cause equal or more mental
tension than a doctor walking in the room with his results for a major medical
test.
Making the Fantasy a Reality
Okay, so this whole fantasy credit report thing is exactly just that right? A
fantasy. Well... not necessarily. See, you are the only one that can ultimately
control what happens to your credit report. Yes, of course there are those
'unknown factors' - BUT, the good news is there is a big first step you can take
to help start achieving your own personal fantasy credit report. You can obtain
a free copy of your credit report and see what negative items are sitting on
your file. More than 70% of all U.S. citizens with credit reports have false or
out of date items on their credit file. By spotting these items early and taking
the appropriate steps to remove them you can improve your credit rating. What
else can you do? Develop a personalized budget. It will take a couple months of
re-adjusting but will help you to see where your money is going and begin to
mature your spending habits. Also, think about your major purchases before you
make them. Too often in our society, consumers buy things without a second
thought and "paint themselves into a corner" financially. When you take on more
payments than you can afford you have set up your credit report for long term
damage. Here is a saying to think about regarding this type of situation: "If
your outgo exceeds your income, eventually your upkeep will become your
downfall." Remember that the fantasy credit report is waiting to evolve before
your very eyes - you just have to make it happen.
About the Author:
Tom Justice is the webmaster for Clean Credit Online and does all the designing,
marketing, SEO and maintenance the site. To see how you can use Clean Credit
Online to help you with your personal finances please visit http://www.cleancreditonline.com
“Fantasy Credit Report” - © (2005) Reprinting is allowed assuming all content is
left the same.
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