Looking for information on how to fix a credit report? Want to fix your report but don’t know where to start? If so, you’re in the right place.
Fixing poor credit has become hugely popular with many people. Having good credit is essential in today’s society in order to get access to things like credit cards, car loans and home loans. You can get rid of bad negative items on your record and fix your report on your own if you have the right information.
Fixing a credit report starts with seeing what your report says about you. You can order your report from the credit bureau for a fee. Alternately, when you are denied credit based on a report issued by a reporting agency, you can get a free copy of your report from that agency within 60 days. Also, you are entitled to a free report each year from each of the three major reporting agencies.
When you have your report take a look at it. Examine each entry carefully. Now what do you do if there are errors? What if you notice that there are incorrect or inaccurate items on the report? What if you want to get rid of damaging information?
First, if there is anything you want to dispute in the report you can contact the agency that provided you with the report and tell them what you’re disputing. Demand that they investigate and correct the information. Send all correspondence by certified mail, return receipt requested. That way, you have proof that they received your letters. Keep copies of everything you sent.
The agency must investigate your dispute. If they cannot verify the item in question, they must delete the item from your report. They must send you an updated copy of your report.
Many people don’t know this, but once the incorrect information has been deleted from your report, you can ask the agency to send a corrected report to any company who has reviewed your report during the previous six months. If it was reviewed for employment purposes, they can send your updated report to all those requests made within the last two years.
If your attempts to have an item removed are unsuccessful, you have the right to add a 100-word explanation to your credit file. All who request the report will see your version of the dispute. For example, if you had a valid argument with your credit card issuer over a charge, you can explain your side of the story.
Fixing a credit report is not hard or complicated. It is a simple and straightforward process. Thousands of people have already done it and are enjoying a better credit rating. And there’s no reason why you can’t do it. A good credit repair guide can provide you with step-by-step instructions on how to fix your credit.