Credit Repair Disputes and What Can Be Done About Them?

A credit repair dispute all starts with having a careful look over your credit report. You can get a free report from each of the three major credit reporting agencies (TransUnion, Experian and Equifax) once per year. You should take advantage of this to make sure that everything listed on each of these reports has been reported accurate. If you see something on your report which you feel has been reported erroneously, you'll need to notify the credit reporting bureau about this item on your report. You'll want to contact the creditor by mail (certified mail is best) to inform them that you think that the debt listed on your credit report is an error, has been paid already, or is otherwise inaccurate.

Once you've notified the proper bureau, they will then need to perform an investigation and determine whether or not the item has been listed in error within 30 days. The credit bureau contacts the creditor to verify the item. If the creditor fails to provide proof of the debt, then it is eliminated from your report or corrected. It's also possible in some cases to dispute an item on your record online, though it's generally considered best to open a credit repair dispute through a letter so that there's a hard copy on file as well and there's no harm in doing both, of course.

Using the credit repair dispute process is an important part of taking good care of your financial health and can also keep you protected from the effects of identity theft. Making sure to check your credit report regularly is a smart move and shouldn't be neglected. After all, you can't dispute inaccuracies on your report if you don't know that they're there.

Keeping your credit score in good shape is an essential part of keeping in strong financial standing. Make a habit of checking your credit report regularly; There nothing to lose by ordering the free credit reports consumers are entitled to annually and reviewing it. Once you have all the facts at your disposal; the facts that you'll have access to when you have your credit report in front of you, you'll be prepared to enter a credit repair dispute if necessary. Don't let opportunities become closed to you because of an unfavorable item on your credit report. Errors do happen and it's your responsibility as a consumer to dispute any inaccuracies you find on your report.

Source by Brian Grant

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