FIXING ERRORS
CREDIT REPORT CORRECTING DISPUTE ADVICE YOUR BAD CREDIT RATING AGENCY SERVICE FAST CONSUMER SELF
HELP
INFORMATION DEBT BASICS LEARNING TIPS STRATEGY MANAGEMENT IDEAS EDUCATION
FREE ARTICLE
Information
on correcting and fixing credit errors.
SIX
STEPS TO FIXING ERRORS ON YOUR CREDIT REPORT
If you’ve
recently applied for credit or a loan and have
been denied, do you know why?
It might be
worth taking a look at your credit report to see
just what potential lenders are going to find on
your report. In fact, you are entitled to a free
credit report within 60 days if a lender has
denied you credit based on their review of your
credit report. But what if you get a copy of
your credit report and find that it has errors
which are impacting your credit rating?
Then it’s up
to you to take charge and start a six step plan
to fixing those credit report errors:
FIXING YOUR CREDIT REPORT
Contact the Credit Bureau
Document any and all errors you find and
then write a letter to the credit bureau. Be sure to state what you believe
is in error and provide documentation. Identify your letter as an attempt to
address a disputed claim.
Contact the Credit Issuer
In addition to contacting the credit bureau, you ‘ll need to contact the
creditor or the source of the disputed information. Provide the same detail and
documentation as you provide to the credit bureau. Be sure to indicate that your
correspondence is in regards to disputed billing, payment or information.
Make Copies
Keep all originals of billings, statements and the copy you have of your credit
report. Provide only copies of these or you’ll end up paying to get replacements
for your own files.
Start a Documentation Log
Keep copies of all correspondence and at minimum make notations of any
supporting documentation mailed to the credit bureau or credit issuer. Record
the dates and times of phone calls along with the names of representatives
involved in handling your files.
Use Certified Mail
Don’t let your mailings get lost in the bureaucracy of the systems. Send all
items by certified mail to assure that your mail can be traced in terms of who
received it and when.
Don’t Ignore the Problem
If you just hope the problem of errors on your credit history will disappear,
then be prepared to wait a long time. Credit information can remain on your
report for as long as seven years and up to ten years in cases of bankruptcy.
If after taking these steps you don’t see any progress in resolving the errors,
you can turn to Uncle Sam for help by phoning the Federal Trade Commission help
line at 1 – 877 – FTC – HELP.
Being approved for loans and credit is not only a matter of keeping up with
payments but also requires diligence to make certain that your credit report
reflects your good credit history.
To
teach and learn money skills, personal finance, money
management, business education, careers, and life skills, please go to the Money
Instructor home page.
Credit Report Fixing - Sample Example
Dispute
Bad Credit Repair Debt Help
Reduction Online
Technique ebook -
Teachers Teaching
Classroom Information Adults - Help
- Practical - Ways for Credit Report Fixing
and
Repairing Article
Information
on correcting and fixing credit errors.
To
teach and learn money skills, personal finance, money
management, business education, careers, and life skills, please go to the