BUSI ESS BRIEFS
Jame athan
L s- ashington
and ompany e tim es
th t better than 70 per cent of
11 edit pplic tion are not
pproved. The re on: neg tive
edit in formation in the me
of th per n applyin for
credit. Such inform tion can
verely limit one's acce to
credit and therefore do vere
harm to one's financial anding
in Ameri a.
However, if there i negative
information in your credit file
there' ill hope. The hope
come from a concept called
4 edit repair."
The proce of repairing your
r dit e time but you
could e sily art eing po itive
re ults in less than 90 says.
The first step i to obtain a
py of your credit report from
the credit bureau or bureau .
in your a. Y u can get
bure u names fr m the yellow
p e. by looking under 'Credit
gen ies". You will_ eed to·
make the reque in writing in­
cluding the following inform -
tion: arne, ddress, cia!
curity umber and D te of
Birth. There may also be a
. small fee.
Once you receive the rep rt
ch c it for all neg tive infor­
m tion, Remember these credit
r ports are compiled by human
being and often contain mis-
es. ote any in ccur te
inform tion,
ext, che k the d te on 11
negative information. Th rea-
n i that federal 1 require
credit rep rting genci e to
lirnin te any negative credit
OPE :
information which i more than
ven year old. The excepti n
i b nkruptcy which may
remain in your me for 10 ye r .
Step four is to note ALL
negative credit information even
if it is ccurate. The re on for
thi r simple: the law allows
you to challenge Y infor-
m tion held on you by credit
reporting agency. Once you
challenge the information in
writing, it is the responsibility
of the agency to "verify"
that it information is correct
by do ble checking it with
the firm that filed the negative
information on you in th first
place.
This proce may work in
your f vor bee use frequently
companies don't keep infor­
mation on de d" accounts after
three years and thus will not •
verify th neg tive inform tion.
In addition, the law requires
that the verifi tion take place
within "reasonable period of
time."
Thu , if the company that
originally filed negative infor­
m ti n on you d not verify
it within 20 working day or
the edit reporting agency
UST eliminate the neg tive
inform tion.
Remember, you can art
the proces of credit repair by
getting copy of your credit
report and challenging inac­
curate, out-dated and old
negative information appearing
in the report.
(F or more on the proces
of credit repair write me at
P.O. Box 54041, W shington,
OC 20032.
u
LI FE,. HEALTH
.
Sylvil Robinson
SillS R pr ntatlvI
TED I
c
CE
FIRE INSURANCE
616J9�5.5964
Dr.JeMM.
• N.D .. o.c • Or. __ c •.
br. ...s ... o.c.
. '.A .. o.c .
cDon Id
Chlropr ctlc Clinic'
FEBRUARY 17 - 23, 1986 THE CIT.ZEN
CE SUPPORTERS - Stan y S.- Scott, Vic .Pr
Morri Companies I., ond from left, elcom 0 vid Dinkin
Borough Pre . ent b c ju t before the recent Philip orris- on red Dance Th tre of Him'
Open Hou performance. The perform ee before a tandin room only audience, in honor of
Dr. in Luther King, Jr. and I Shoo ,co-founder of the dance company. ith Scott at th City
CoUeae' Aaron Da' Hall are, a left, Arthur MitcheU Co-founder and Director, Dan Th tre of H -
lern, Judy E. Tyru , center and Eddie J. S Oman, right. . Tyro and r. Shellman are principal
dancers with t Dance Theatre of Harlem. .
Chamber
BE TON HARBOR - Marie I.
Franz, executive vice president
of the Twin Citie Area Cham­
ber of Commerce, will be retir­
ing April 1, 1986 due to health
reasons, according to Chamber
President Andre J. Takacs. He
said Mrs. Franz has b en in her
pre ent position ince July 1,
1982 and prior to that he was
"the Chamber' Public Relations
and Communications Director
for 14 years.
Muskegon
Hts.;MI
FIGHT G HIGH BLOOD PRESSURE - Carl L .