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When you receive your credit report, it is important to scrutinize it carefully to check if there are any discrepancies in the information stated. This is very important, as a lot of the services you will need may be looking at your credit standing, and your credit report - any erroneous entry may lead to you not being able to get the services you need. Keep in mind that errors in credit reports are not that unusual - you have to always be alert and keep track of you're the information stated in your credit report to make sure that it stays error-free.
- Step 1: Make sure that you constantly keep track of your credit report. You can ask for a copy of your credit report at least once a year from the three credit bureaus (Experian, Equifax and TransUnion). Take the time to carefully go through the credit report, and read everything more than once to make sure you leave no stone unturned, so to speak.
- Step 2: When you do find an error, make sure that you take note of it, so you don't forget about it. You can highlight the wrong entry, or write the information on a piece of paper so you'll know exactly what part of the report needs to be corrected.
- Step 3: Check which creditor the mistake originated from; when you do this, make sure that you are armed with the necessary paperwork, so everything is properly documented. It is best to send the papers by certified mail with a request for a return receipt, so you will know that your mail has been successfully sent to the people involved.
- Step 4: Get in touch with the reporting agency that sent you the report with the erroneous entry. Do this again through certified mail, again with a request for a return receipt.
- Step 5: if the credit bureau does not agree with the removal of the items you disputed, ask for the contact details of the creditor who was the originator of the report instead. If a second investigation is needed, start from scratch and work your way up again.
- Step 6: If you are successful in having the wrong entry taken out of your credit report, make sure that every person or organization that received a copy of your credit report in the last six months receives a new, corrected copy.
- Step 7: Do not hesitate to seek legal assistance if you think the erroneous entry is serious enough.
Making sure that every item in your credit report is correct is your responsibility, and you should make it a habit to check your credit report religiously. This is the only way you can protect yourself from erroneous entries, which can hinder you from getting the services you need in the future.
What else can I help you with?
Which Credit Report Mistakes Can One Dispute?
You can dispute any incomplete or any imprecise information on your credit report.
How can credit reference agencies help?
Credit reference agencies can help you identify any mistakes that appear on your credit report. By checking your credit report for free once a year you can notify credit agencies of any errors on your credit report and have them resolved before it effects your credit score.
Is it correct for the loan amount of a foreclosed property to appear on a credit report?
what ever the balance was at the time of foreclosure will report on your credit report
Is it true you are responsible for correcting any errors on your credit report?
Yes, if there is an incorrect information in your credit report, you have the right to dispute it and if proven correct, the credit bureau will not report it again.
How can you restore your bad credit?
Restoring bad credit takes time. You can start by requesting your credit report and dispute negative mistakes that you may find. Only the passage of time can improve your credit when you have legitimate negative remarks in your credit report.
Who do you call to fix your credit report?
If there is an error in your credit report, you must contact the particular Credit Reporting Agency that issued the report and provide them with correct information, in writing and, if possible, with supporting documentation.
Has the credit reporting agency mistakenly reported you as deceased on your credit report?
If a credit reporting agency has mistakenly marked you as deceased on your credit report, you should contact them immediately to correct the error.
How do I correct errors on my credit report?
The first thing you should do is to contact each of the 3 credit bureaus. They can help you correct any errors that you have on your reports.
How often can you get a free credit report from True Credit?
According to True Credit you can receive one credit report a year for free. This report incudes reports from the three top reporting agencies. This is good to do annually to make sure everything is clear and correct.
Can mistakes you made when you were under 18 ruin your credit?
No! You should contact the credit bureaus immediately by mailing letters "by registered mail" if anything appears on your credit report when you were under 18.
Do I really need to track my credit report monthly?
It is important that you check your credit reports regularly because early detection is key to minimizing the damage that mistakes and fraudulent activity can have on your credit.
How long does a bankruptcy stay on your cr in the state of illinois?
In the state of Illinois, the record of bankruptcy filing remains in the credit bureau for 10 years. Additionally one can correct errors on his or her credit report by sending a letter to the Credit Bureau (certified mail), with a description of the error, and a request to correct the error. The Credit Bureau must correct his or her report within 30 days or explain why the report is correct. That person is entitled to place a written statement as part of his or her file. The Federal Trade Commission regulates all 3 credit bureaus.
