We all know that using White Out on your credit report won't really fix anything.
Here are a few tips on how to dispute errors on your credit report.
The Fair Credit Reporting Act (FCRA) is a federal agency that promotes the accuracy and privacy of information on consumer's information on the nation's credit reporting agencies.
We are entitled to a FREE CREDIT REPORT once every 12 months (or if you are rejected credit).
You can also call 1-877-322-8228 to order a Free Report or request it by mail:
Annual Credit Report Request Service
PO Box 105281
Atlanta, GA 30348-5281
If you find errors or want to dispute items, you must write or go on line to each credit reporting agency. Going on line is the easiest and quickest method. Here are links to each of the major reporting agencies:
Basically, you must be able to prove that the information is inaccurate. For example, let's say that you had an old credit card account that was charged off and then wound up with a collection agency.
After being contacted by the collection agency, you were able to negotiate a settlement of the account. Even though you have settled the account, it is still showing a balance.
How do you dispute the error on your credit report?
You will need to provide a copy of the SETTLEMENT AGREEMENT. Please don't tell me you didn't get the agreement in writing!
Many consumers will agree to a settlement or repayment plan over the phone, authorize check-by-phone or other form of payment without a written agreement! If this is the case for you, all is not hopeless. You should be able to find proof of payment from your bank. So, you will need the SETTLEMENT AGREEMENT and PROOF OF PAYMENT.
The Credit Reporting Agency must contact the creditor or collection agency with the dispute, and you should be able to go online and check up on the progress. This process will take 30 days or more, so you will need a little patience!
WHAT ABOUT OLD ITIEMS!
Even if you have legitimate, negative items on your report, those items can and should be removed after seven years (or shorter if the statue of limitations in your state is shorter). The same is true for judgments, however, a bankruptcy can stay on a report for up to 10 years.
If you have old, legitimate negative information that older than the statute of limitations in your state, you should dispute it and have it removed!
If all of this sounds like a "little to much" for you to handle, we can help!
If you find that you have several old or outstanding debts that is hurting your credit score, we may be able to get them SETTLED FOR MUCH LESS THAN THE BALANCE!Negotiating older, delinquent debts can save you THOUSANDS OF DOLLARS and improve your credit report and score. Find out how by clicking the link below!
