How to Dispute Credit Report Errors
You may have received inaccurate or incomplete information on your credit report. This can be a big problem if you apply for a loan, a job, or a new credit card. You may have an old issue on your report that is affecting your score.
Your credit report is your life. It is a record of your credit history. It is like a snapshot of your credit report. It lists your personal information and the different items of information that creditors report to the credit bureaus.
Most of the time, the information on your credit report is accurate. The problem comes when creditors, mortgage lenders, and other companies report inaccurate information. This may be a result of a system failure or a mistake.
It will take a few days for the credit report companies to respond. Once they do, they will update your credit report.
The good news is that software for credit repair are almost always rectified. You have a number of options in correcting the problem. This article will help you resolve the issue.
Learn what the issue is, and then take action.
The first step is to figure out what type of error you have. Each of the three credit bureaus will have a separate form for you to fill out. Each form will have a number of questions. You should read over these questions and fill them in.
What items are you correcting?
You should include any items that you do not want to appear on your report. These are called “negative items.” You should only include the following when you are correcting negative items.
Credit card payments that are past due
Delinquent accounts
Lost accounts
The items you select will make a difference in your score. Your score will be affected by both positive and negative items. The number of negative items will have the greatest effect on your score.
Do you have a list of the items you want to remove from your report?
You should include a list of the items you want to remove on your credit report. This will help the credit report companies get the information correct.
Do you have proof of payment?
You will want to provide proof of payment of the negative items. If you are going to dispute the issue, you must provide proof of payment.
Why are you disputing the issue?
You may be disputing the issue because the report was inaccurate. You will want to explain why. You should provide reasons why you want to dispute the issue. The credit report companies will be able to determine what action they should take.
Your credit report is your life. It is a record of your credit history. It is like a snapshot of your credit report. It lists your personal information and the different items of information that creditors report to the credit bureaus.
