How to Remove Errors in Credit Report?
Till now, it is very common for people to get a copy of their credit report and see tons of mistakes or inaccuracies on it. Those errors can be a very big problem especially if you are trying to apply for a loan or a mortgage, it can also affect the interest rates that will go along with it and you may end up spending hundreds or even thousands of dollars just because of an error that wasn't even made by you.
Here are steps to remove inaccuracies on your credit report.
1. The first thing you have to do is to do a credit check. This will help you know where you stand so you know what you have to go through. You can get a copy of your credit report for free from the three credit agencies Experian, Equifax and Transunion. As soon as you receive your credit report (you can get it through mail or through snail mail), go through everything very carefully and read all of the things that are on it. If you keep receipts or other proofs of purchases, try to compare it on the ones that are on your credit report. If there are things on it that you think are questionable, mark them and be ready to conduct a deeper investigation for it.
2. Once you have a list of the errors on your credit reports, call your creditor and tell them about it, make sure you ask them first and notify them about it before you make any bigger steps. If the errors are confirmed, you may now file a dispute for the inaccurate items on your credit report. Take note that accurate information will remain on your report even if they are on the negative side.
3. Put your dispute into writing. In fact, you can do it through mail, online or through fax. To put things together, you have to write a statement about the items and the reason why it is wrong. Your letter should be brief yet concise and again, if you receipts with you, you can attach it to the letter to provide enough proof for your creditor. You have to provide an ample amount of information to get these errors removed and to even shorten the process of investigation. Include any other documents that will support your dispute.
4. Give your credit some time to get things on the move. He or she actually has 30 days to get the dispute removed from your credit report. Your creditor will go to the credit agency first and if they confirm the errors on it, your creditor will now be able to remove it from your credit report.
Make sure you get rid of those credit errors immediately to avoid denied applications and a low credit score and credit rating. Follow these tips and get your credit report clean in no time.
Here are steps to remove inaccuracies on your credit report.
1. The first thing you have to do is to do a credit check. This will help you know where you stand so you know what you have to go through. You can get a copy of your credit report for free from the three credit agencies Experian, Equifax and Transunion. As soon as you receive your credit report (you can get it through mail or through snail mail), go through everything very carefully and read all of the things that are on it. If you keep receipts or other proofs of purchases, try to compare it on the ones that are on your credit report. If there are things on it that you think are questionable, mark them and be ready to conduct a deeper investigation for it.
2. Once you have a list of the errors on your credit reports, call your creditor and tell them about it, make sure you ask them first and notify them about it before you make any bigger steps. If the errors are confirmed, you may now file a dispute for the inaccurate items on your credit report. Take note that accurate information will remain on your report even if they are on the negative side.
3. Put your dispute into writing. In fact, you can do it through mail, online or through fax. To put things together, you have to write a statement about the items and the reason why it is wrong. Your letter should be brief yet concise and again, if you receipts with you, you can attach it to the letter to provide enough proof for your creditor. You have to provide an ample amount of information to get these errors removed and to even shorten the process of investigation. Include any other documents that will support your dispute.
4. Give your credit some time to get things on the move. He or she actually has 30 days to get the dispute removed from your credit report. Your creditor will go to the credit agency first and if they confirm the errors on it, your creditor will now be able to remove it from your credit report.
Make sure you get rid of those credit errors immediately to avoid denied applications and a low credit score and credit rating. Follow these tips and get your credit report clean in no time.
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