|
Have you ordered your credit report? Remember
by September 1, 2005 every state will be
required to allow you to one free credit report
each year. If you are denied credit for any
reason you are entitled a free credit report.
Under any other circumstances you will have to
order one.
If you have ordered your free report, have
you looked through to make sure everything is
correct? If it isn't then this is the article
you need to read.
How to report a credit error:
Each credit bureau needs to be contacted. One
bureau may have the correct information while
the other two are wrong. By contacting each
credit bureau you eliminate the hassle of having
to do the process again when you find out that
you didn't do it right the first time.
When writing to the credit bureaus, address
one mistake at a time. If you report more than
one mistake the credit bureaus can, legally, say
you are filing a frivilous report and do nothing
about it. Keep your letters down to one mistake
and one mistake only. Yes, this may take some
time to get through all the mistakes, but it is
time well spent.
Each of the credit bureaus have PO boxes
specifically set up for complaints. They change
their PO box addresses often to make it harder
for customes to find and complain.
The credit agency must get in contact with
the creditor that is reporting the late
payment/incorrect data within 30 days and either
change the data, if it is incorrect, or delete
the data altogether. If they don't get a
response from a creditor within the 30 day
period they have to delete the data. This puts
trying to correct mistakes to your
advantage.
Trying to straighten out your credit can be a
time consuming process and you may wish to use a
credit agency to help you get everything
correct. As always though, let the buyer beware.
Credit repair scams are everywhere and if you
don't watch out you can become a victim.
Persistency pays off by getting you a better
credit rating and credit score. By repairing
your credit you should be able to get a credit
card, home loan, auto loan, refinance, etc.,
that you have been looking to get and be able to
get it at better interest rates. This is all
good for you...Because Money Matters
|
