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Keep Your Credit History Clean - Remove A Negative Credit
Record From Credit Report
The three major credit bureaus, Experian, Equifax and Trans
Union are similar and feature a "Credit Score", which is created
from credit report data submitted to them about you.
But very often your credit report includes inaccurate, wrong
or incomplete information (credit records).
In this situation you have to prepare and send letters to each
of the credit bureaus. Also learn your credit rights by
familiarizing yourself with the Fair Credit Reporting Act
(FCRA).
The FCRA gives you the right to dispute inaccuracies or
omissions, and it requires credit bureaus to investigate your
complaint (generally within 30 days), send you a prompt response
and correct any errors. The law also requires the source of
inaccurate information (such as a bank) to correct the record at
the credit bureaus to which it initially provided the erroneous
information.
Consumers working on their credit reports say many times their
letters are ignored by the credit bureaus. Consumer's say even
with proof a credit record is not theirs; its removal from their
credit report can take three or four challenge letters, because
the credit bureaus may have only verified it in their computers
and not on the credit report.
Send your dispute letter by CERTIFIED RETURN RECEIPT MAIL.
This should not be done with the first attempt.
Keep a record of when you sent the dispute letters and what
date you should expect a response.
If you have received no answer to your dispute after 30 to 37
days, send a certified return receipt letter requesting an
updated credit report demanding the disputed credit record be
deleted.
If the bureaus do not reply within the 30 days, it must be
that the information was either inaccurate, or it could not be
verified. In either case, according to the Fair Credit Reporting
Act, the credit record must be immediately deleted from credit
report.
Some consumers have eliminated negative marks on credit
reports simply by going through this process of disputing credit
records several times. Since some creditors will not take the
time to respond, you may be able to win by default.
In addition, some consumers working on their credit report
have seen another negative credit record or two disappeared.
Usually some progress is made each time you challenge. Remember,
the credit bureau would like you to quit bothering them because
if you aren't disputing the credit report, they can legally
continue selling it as profitable information.
To obtain the excellent credit report service, correct your
credit, get FREE online Credit Report, make your Credit Score
higher or avoid becoming a Victim of Identity Theft visit Legal
Helper website ( http://www.legalhelper.ws/credit-report.aspx ).
Your credit score is important for obtaining credit. Your
credit score is important to know, whether you need a new credit
card, an auto loan, or a mortgage. Lenders use your credit scores
to decide whether you are a good credit risk. If you have a high
credit score, you are more likely to obtain the best rates.
About The Author
Jeffrey Broobin is a free-lance writer on family and finance
issues; his main goal is to help people during their complicated
period of life.
Website: http://www.legalhelper.ws
jeffreyb@legalhelper.ws
MORE RESOURCES:
Credit - Google News
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