Tips for Disputing Credit Report Errors
In case you are wondering how to go about disputing credit report faults, it is an imperative thing for you to know even though your report is free of error. A huge number of people have some form of credit error. You should know that you’re a candidate for such. To file a credit statement dispute, you will have to send a written notice to the bureau. In addition, send proof to bolster this claim of yours. If necessary, consider hiring a lawyer. On this page is more about disputing credit report blunders. It is imperative that you check it out!
First, make sure you put your report into consideration. Make sure you review your account painstakingly for more errors. Look for inaccuracies in the form of accounts erroneously labeled as delinquent, mistaken identity, reopened accounts, several debts listed at once, and accounts incorrectly labeled as a delinquent. To evaluate the info, ask for a free annual credit statement. If you suffered rejection following poor credit, inquire for a free credit statement. Next, contact agencies. First, contact the credit reporting department where you found the inaccuracy. Ensure you send a letter in writing to the credit agency regarding the mistake. This letter ought to have info on all the mistakes, the explanation of why you are challenging the mistakes, your name and address, and a request to remove these errors instantly. Besides, avail any document supporting your claim. It is also advisable that you attach a duplicate of the credit report as well as highlight the faults it has. The bureau that incorporated the faults has to rectify them in case deemed appropriate.
You need to contact the provider. You can also contact the individual or office that reported this error. However, you can choose whether or not to involve the provider. You can also choose to contact the two parties. If you desire to make contact with the provider, ensure your credit report lists his/her address and/contact info. After making the furnisher aware, they’ll report the blunder to the office. If you are a victim of burglary, for example, the best thing to do is contact the bureau. Since the bureaus are liable for the inaccuracies, they will fix these mistakes instantly.
Next, we should consider the investigative process. Prior to correcting the circumstances, the bureau’s representatives investigate. The agency then alerts the information provider and gives them your evidence. The provider has to do a separate exploration to affirm the soundness of the claim. After confirming the faults, they should alert the three reporting agencies of this error. You must wait, contest claim dismissal, plus follow up.