Fixing A Credit Report
Fixing a credit report begins with looking closely at this document. You can get a copy of your credit report for free online; just search for free credit report. You can get a free copy of your credit report once a year; also, if you are denied credit on the basis of your credit report, you may then request a free credit report from that credit reporting bureau (this must be done in writing within 30 days of the denial of credit).
Once you see your report, youll know why you were denied credit. However, whats the next step? What do you do if you see inaccurate items on your report or ones which you feel to be unfair, even if they are accurate?
You can dispute any item on your credit report by writing to the credit agency. They will have to investigate within 30 days. Send your request by certified mail along with copies of canceled checks or any other documents which support your dispute.
The credit bureau will contact the organization which reported the item in dispute; they will then have 14 days to respond with proof. If they do not do so, then the credit agency must remove the item from your credit report. Afterwards, they will send you an updated copy of your report and if you ask them to do so, they will also send a copy to any creditor who has asked to see your report in the last six months. However, if you want this done, ask the bureau to do so " they will not do this unless you ask.
Many creditors will not bother to respond to the credit agency if the disputed item is over a year old or if it represents a debt of under $500. This means that fixing a credit report is a possibility even when there are no inaccuracies on your report! Even if you cant have an item removed the first time you try, you are allowed to dispute it again after 30 days have passed.
If it is impossible to remove an item that you have disputed, you are permitted to add a brief explanation, which will be visible to anyone who pulls your credit report. This explanation can be up to 100 words in length.
However, if your credit report is a problem because of a history of defaults and late payments, than fixing a credit report can take time. Even if this is the case, you can clear up some items and give an explanation of others. This will make your credit report a little better while you work to rebuild your credit history. - 20759
Once you see your report, youll know why you were denied credit. However, whats the next step? What do you do if you see inaccurate items on your report or ones which you feel to be unfair, even if they are accurate?
You can dispute any item on your credit report by writing to the credit agency. They will have to investigate within 30 days. Send your request by certified mail along with copies of canceled checks or any other documents which support your dispute.
The credit bureau will contact the organization which reported the item in dispute; they will then have 14 days to respond with proof. If they do not do so, then the credit agency must remove the item from your credit report. Afterwards, they will send you an updated copy of your report and if you ask them to do so, they will also send a copy to any creditor who has asked to see your report in the last six months. However, if you want this done, ask the bureau to do so " they will not do this unless you ask.
Many creditors will not bother to respond to the credit agency if the disputed item is over a year old or if it represents a debt of under $500. This means that fixing a credit report is a possibility even when there are no inaccuracies on your report! Even if you cant have an item removed the first time you try, you are allowed to dispute it again after 30 days have passed.
If it is impossible to remove an item that you have disputed, you are permitted to add a brief explanation, which will be visible to anyone who pulls your credit report. This explanation can be up to 100 words in length.
However, if your credit report is a problem because of a history of defaults and late payments, than fixing a credit report can take time. Even if this is the case, you can clear up some items and give an explanation of others. This will make your credit report a little better while you work to rebuild your credit history. - 20759
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Author: iFixCreditReport is your source that helps fix credit reports. If you are wanting to fix your credit report, please check out tons of informative articles and tips that are posted on this site.
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