ADVERTISEMENT

Prevent credit card denials with a background check

By

Credit card issuers and other lenders, not to mention possible employers and insurance companies, could think twice about getting involved with someone whose credit history shows a list of negative items.  But how would it feel to get turned down for a credit card based on mistakes you never even made?

By running a background check on yourself, it is possible to turn up the type of erroneous information that could hurt your chances with credit card issuers, employers, and the like.  Once you are aware of these errors, you can go about getting them fixed.

The first thing you may want to do is order a free annual credit report from Equifax, Experian and TransUnion -- the three major credit bureaus.  Then, you should look over your credit reports closely for and unusual addresses or fake accounts, which could indicate identity theft or fraud.  If you turn up any unusual items, contact the credit issuers (individual credit card issuers' numbers can be found using national directory assistance at 800-555-1212) and the credit bureaus directly:

  • Equifax, P.O. Box 740241, Atlanta, GA 30374-0241; (800) 685-1111.
  • Experian , P.O. Box 2002, Allen, TX 75013; (888) EXPERIAN (397-3742).
  • TransUnion, P.O. Box 1000, Chester, PA 19022; (800) 916-8800. 

Also, you can investigate whether any bad checks have been written in your name by visiting the website of Chex Systems at www.consumerdebit.com. 

Meanwhile, a look at your Social Security Benefits Statement, which should be mailed to you each year, can help you discover whether your earnings have been accurately reported and if anyone has been working using your Social Security number.  A Social Security statement can be ordered online at www.ssa.gov, and problems can be reported via the toll-free number 800-772-1213. 

Finally, legitimate background-screening companies will be able to supply you with your own criminal, motor vehicle, and professional license records for a fee between $30 and $100.  Such a legitimate company can be found one the website of the National Association of Professional Background Screeners at www.napbs.com.

If the work to correct errors on public records seems like too monumental an undertaking, keep in mind that you can pay a security firm to help.  Regardless of whether you outsource the job, you can look forward to credit card approvals or denials based on your own merits.   

Published: April 20, 2007


Join the discussion
We encourage an active and insightful conversation among our users. Please help us keep our community civil and respectful. For your safety, do not disclose confidential or personal information such as bank account numbers or social security numbers. Anything you post may be disclosed, published, transmitted or reused.

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.

The editorial content on CreditCards.com is not sponsored by any bank or credit card issuer. The journalists in the editorial department are separate from the company's business operations. The comments posted below are not provided, reviewed or approved by any company mentioned in our editorial content. Additionally, any companies mentioned in the content do not assume responsibility to ensure that all posts and/or questions are answered.




Follow Us


Updated: 09-28-2016


Weekly newsletter
Get the latest news, advice, articles and tips delivered to your inbox. It's FREE.


ADVERTISEMENT