Bad Credit - Part 1

I recently started financially mentoring somebody and we are currently going through details in his financial life - to date we have focussed primarily on budgeting.  Anyway, we expanded things yesterday and reviewed his credit report.  I was sad to see that there were some blemishes on it because of things that had happened several years ago.  While time may stop the collection calls, it does not stop the credit reporting - at least not for seven years anyway.

Rather than jump to any conclusions, we ordered copies of his report from two other credit bureaus in order to compare the three side-by-side.  And we began to formulate a plan of action to attack the situation.

He distinctly recalls an old utility bill, so there was no dispute there.  However, there were a couple of other items that he did not recall - hence we want to see how the other credit reports look to see if indeed there is an error, or rather if there is something that will have to be explored further to determine validity and responsibility.

I must complement him for his willingness to want to be responsible and take care of this.  And we are going to face this problem head-on until it is resolved and paid off.  That is the right thing to do.  And it is what God expects us to do.

If you are wondering about your credit, this is the only legitimate - it is managed by the three credit reporting agencies and mandated by federal law - and free place to be able to receive your credit report.  Any other "free" credit report website is not free and should not be utilized.  https://www.annualcreditreport.com/cra/index.jsp

You are entitled to one free report from each of the three credit reporting agencies every

year.

Comments

[christa]

by 'he' do you mean 'she' and by 'she' do you mean 'me'? sounds awfully familiar!