When you check your free credit report for the first time, you will probably be surprised with the errors that you can find in your report.
Don't panic, experts claim that 70% of the credit reports do contain errors.
So, what should you do to fix them? First, you can write a formal letter to the credit bureaus to inform them about the errors.
Please remember to write your letter professionally without involving inappropriate message just to show your dissatisfaction.
Blame them for the errors won't make them work faster and the errors might not be their responsibility since they just process what they received from your creditors.
Before sending the letter, highlight the incorrect information and provide clear explanation.
Attach it with your letter and send to them.
The investigation of the errors takes time and you need to be patient as the results will not come out promptly.
Usually you will get them within 30 days.
Once the error has been confirmed, the credit bureau will update your report with the new information.
What if the creditor still claims that the entry has no problem? You will have your right to oppose.
Issue a statement to clarify your reasons and that statement will be sent to your future creditors and you'll have one copy in your record.
In fact, the credit bureaus need to fix the reported errors as soon as possible because it is their obligation to do so according to Fair Credit Reporting Act.
Furthermore, once you have reported the faulty entries, a creditor cannot do anything such as disclosing your information to other creditors or informing the credit bureaus that would affect your credit rating.
They can only do that after the reported errors are settled.
It certainly will affect your credit score if you just leave your credit report unread.
You should get a copy of the free credit report and go through it now.