Financial Reports High Point NC

The article examines the steps you should take to correct mistakes on your free credit reports in High Point. This repairs your credit score and should re-establish your creditworthiness.

Gregory Yahn
Yahn Financial Planning
(336) 478-2363
7800 Airport Center Drive, Suite 401
Greensboro, NC
Expertises
Middle Income Client Needs, Investment Advice without Ongoing Management, Helping Clients Identify & Achieve Goals, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

M.James McKee
Stearns Financial Services Group, Inc.
(800) 881-7374
324 W. Wendover Avenue, Suite 204
Greensboro, NC
Expertises
Ongoing Investment Management, High Net Worth Client Needs, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, CFA, CFP®, ChFc, CLU, CPA, MBA

Mrs. Elizabeth W. Terrell, CFP®
(336) 881-3604
P. O. Box 2278
High Point, NC
Firm
High Point Bank

Data Provided by:
Bradford Cecil Clinard, CFP®
(336) 878-7507
1725 N Main St
High Point, NC
Firm
Wells Fargo Advisors
Areas of Specialization
Comprehensive Financial Planning, Estate Planning, Insurance Planning, Investment Management, Retirement Income Management, Risk Management, Wealth Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000



Data Provided by:
Ms. Jill A. Painter, CFP®
(336) 887-6000
1721 N Main Street
High Point, NC
Firm
Wells Fargo Advisors, LLC
Areas of Specialization
Asset Allocation, Charitable Giving, Investment Management, Investment Planning, Retirement Planning, Wealth Management, Women's Finances

Data Provided by:
Dennis Stearns
Stearns Financial Services Group, Inc.
(800) 881-7374
324 W. Wendover Avenue, Suite 204
Greensboro, NC
Expertises
Retirement Planning & Distribution Rules, Ongoing Investment Management, High Net Worth Client Needs, Planning Issues for Business Owners, Estate & Generational Planning Issues, College/Education Planning
Certifications
NAPFA Registered Financial Advisor, CFP®, ChFc, MSFS

Barry Swaim
Wealth Management Group, Inc.
(336) 760-4829
3401 Healy Drive
Winston-Salem, NC
Expertises
Retirement Plan Investment Advice, Planning Issues for Business Owners, Retirement Planning & Distribution Rules, Investment Advice without Ongoing Management, Middle Income Client Needs, Tax Planning
Certifications
NAPFA Registered Financial Advisor, CFP®

Mr. Stanley R. Smith, CFP®
(336) 881-3345
300 N Main St
High Point, NC
Firm
High Point Bank Trust and Investment Advisors

Data Provided by:
Mr. David S. Thompson, CFP®
(336) 878-7500
1725 North Main Street
High Point, NC
Firm
Wells Fargo Advisors, LLC

Data Provided by:
Mr. Robert C. Blakely, CFP®
(336) 885-2530
1008 Hutton Ln
High Point, NC
Firm
Blakely Financial Inc
Areas of Specialization
Comprehensive Financial Planning, Education Planning, Investment Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $100,001 - $250,000

Profession: Business Executives

Data Provided by:
Data Provided by:

Financial Reports

Provided By:

Author: David Mayer

The law is very straightforward. The Fair Credit Reporting Act gives all US consumers the right to receive one free report from the credit bureaus every year. The intention is to ensure that everyone understands their financial situation, takes precautions to fight identity theft, and gets (reasonably) fair treatment from all lenders. You have no right to receive your credit or FICO score. The problem is that every lender, insurance company and other company that uses the information about your finances applies a slightly different formula to work out your score. There is no one score to give you. All your get is your credit history. That’s all the transactions recorded by the banks, finance companies, insurers, etc. The good or bad news, depending on your point of view, is that up to 40% of all reports contain one or more mistakes. The good news is that you can get these mistakes corrected. The bad news is that everyone has been calculating your creditworthiness and risk profile on the basis of bad information, sometimes for years.

How do you get these histories? There’s a single federal site where you apply: www.annualcreditreport.com. There’s also a toll-free number: 877-322-8228. If you approach the three major credit bureaus directly, i.e. Equifax, Experian and TransUnion, there’s a chance you will be asked to pay. If you go to any other website, you will almost certainly be asked to pay to get your “free” reports. Use the federal site only to avoid problems. When you log on to the site, be prepared with your name, address, date of birth and social security number. You will also be asked for some other information only you would be expected to know, e.g. the amount you paid as the last mortgage instalment. Assuming you pass through the security system without problem, you will be give immediate access to your report. If you use the telephone system or write them a letter, expect to wait two more more weeks for a hard copy of the report to arrive. If you find a mistake on your free credit report that affects your credit scores, you should act immediately. Write to the credit bureau and the reporting agency that filed the incorrect information using certified mail with return receipt requested, and explain in detail why the credit report is wrong. Send copies of the relevant bills, statements, cancelled checks and receipts — hopefully, you are well organized and have been keeping all these original documents and records in a safe place. If you are writing to report a case of identity theft with someone opening an account or falsely using your credit cards, make a police report and send a copy of that report to the bank, credit card company, etc. The bureau and reporting agency have thirty days to reply with the results of their investigation. If they agree with you, the information will be corrected. If they disagree, they must given reasons. In this way, you can ensure that all the information about you is both complete and accurate. With your records accurate, your FICO scores should improve.

David Mayer has shared his vision and professional opinion on a vast array of topics and http://www.money-saving-solutions.com/what-to-do-when-you-get-your-report.html is one of the sites where you can read more of David Mayer's contributions.

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