| Learn how to fix errors appearing on
your credit report.
If you order a credit report you will receive a
Dispute form with it. Each bureau normally offers a
Dispute form so you can report information you
believe to be incorrect.
If you apply for credit of any kind - and are
denied - you will receive a letter of decline from
one of the Credit Bureaus. (it just depends on which
one the lender used to run your credit report)
When you are denied credit, you are entitled to a
free credit report from the agency that supplied
your credit report to the potential lender. Call the
Credit Bureau and request a copy of your credit
report. If you disagree with items therein, follow
up with the Dispute form.
Credit Bureaus will not remove anything from your
credit report until they receive proof (in their
hands) that the information is incorrect. If you
fill out the form you should explain in detail why
certain information on your credit report is
incorrect. When sending in a Dispute form to a
Credit Bureau, include copies of any and all
documents to support the inaccuracies.
Example:
You borrowed $1000 dollars from ABC bank. You are
supposed to pay ABC bank $100 dollars a month for
the next 12 months, due by the 5th of each month.
When you receive your credit report it says that ABC
bank reported that you paid $100 dollars past the
due date two times. But you know you paid your bill
on time. You should contact your bank and ask them
to send you a summary of your loan account. When you
receive the bank's summary, and you see there are no
mistakes - you should attached this summary with the
Credit Bureau's Dispute form and mail it in to one
of the three main bureaus.
Under the Fair Credit Reporting Act, a Credit
Bureau must investigate your claim within 30 days of
receiving it. Keep records of when you mailed your
correction form. You should mail it via Certified
Mail. This way you will have a signed receipt for
delivery, and you'll be able to use this
documentation, if in the future, they state they
never received it.
¬ If you do not have a current Credit Report,
click
here to
order one now from Consumer Info. You will also
receive a 30-day trial offer for Credit Monitoring.
.
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