When there is system in place, you can either fight the system or find a way to work with the system to achieve what you want. I have heard and read serious complaints on the unfairness of the system that requires very high credit scores before one can have access to credit be it mortgage, car loan etc. We could debate on the correctness of this all day but at the end, what does it do for you? If what you want is to be able to access credit, then you better begin to work with the system to get your credit up.
Someone complained that considering the importance the financial system has attached to credit scores, one would think the credit bureaus would be more careful with the way they process and rate credit reports. Whether this is true or not does not matter here. What however does matter is your response to whatever errors on the part of the bureaus or institutions that submit information to them.
Who would you blame if you some errors in your credit report caused your credit score to drop? The credit bureau? Why did you not take steps to correct it when you saw it? And if you did not see it or them, why did you not knowing that you could not fully rely on the bureaus to always provide correct reports?
The conclusion of this is simple. Once you find an error in you credit report, dispute it. It is because of this possibility that we have the credit bureau dispute letter. With the credit bureau dispute letter you can dispute incorrect listings on your credit report.
Disputing wrong information on your report is very important because you do not want a judgment on your report. Having a judgment on your report is a certain route to rapidly declining credit score. If you’ve unfortunately received a judgment on your credit report, then you need to have it removed.
To remove a judgment from your credit report, you may face lots of discouragements. The simplest way to credit repair, remove a judgment or dispute a credit report is to hire the services of a professional. This would make things a lot easier for you while ensuring a more positive outcome.