• July 22, 2014

Tax Season A Good Time To Update Financial Records

Print
Font Size:
Default font size
Larger font size

Posted: Thursday, March 6, 2014 5:44 am | Updated: 2:32 am, Fri Mar 7, 2014.

(NAPSI)—April 15 is a date many Americans view with some hesitation as they endure the paperwork needed to file their taxes. But with almost 75 percent of Americans receiving an average annual refund of $3,000, there is positive news for most. And many consumers find this a good reminder to annually update other financial records.

Start with records that might be less familiar. Consumers are aware they can get a free annual credit report from annualcreditreport.com. They should also know that they are entitled to other types of consumer reports that may be used if:

• Paying by check for a purchase

• Considering applying for insurance

• Planning to lease an _apartment

• Asked by a potential employer for their written authorization to get their work history.

“It’s smart to know what’s in your credit report before applying for home financing or an automobile loan. Similarly, there are times when it’s a good idea to exercise your right to check other sources of consumer information,” stated Stuart K. Pratt, president and CEO of the Consumer Data Industry Association.

Working with CDIA, the Consumer Financial Protection Bureau has put together a list of different types of consumer reporting agencies. “While not all companies will have information on every consumer, it’s a good idea for consumers to have a complete picture of information that may impact financial decisions about them. The CFPB website has a list of companies that have specialized databases dealing with other information that benefits consumers,” Pratt said.

You can find the list on the CFPB’s website (www.consumerfinance.gov). Type “consumer reporting agencies” into the search box or go to http://files.consumerfinance.gov/f/201207_cfpb_list_consumer-reporting-agencies.pdf.

On the Net:North American Precis Syndicate, Inc.(NAPSI)

Rules of Conduct

  • 1 Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
  • 2 Don't Threaten or Abuse. Threats of harming another person will not be tolerated. AND PLEASE TURN OFF CAPS LOCK.
  • 3 Be Truthful. Don't knowingly lie about anyone or anything.
  • 4 Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
  • 5 Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
  • 6 Share with Us. We'd love to hear eyewitness accounts, the history behind an article.

Welcome to the discussion.

Screening of ‘Koch Brothers Exposed’ on Friday
Posted: July 20, 2014

The movie “Koch Brothers Exposed” begins at 7 p.m. Friday at the Bell County Democratic headquarters, 1808 E. Rancier Ave.

more »
Veterans benefits, health care seminar set for Aug. 2
Posted: July 20, 2014

A Veterans Benefits and Health Care Seminar is from 9 a.m. to 2 p.m. Aug. 2 at 3307 Zephyr Road in Killeen.

more »