5 Ways To Dispute Discrepancies On Your Credit Score
Order a Copy Of Your Credit Report From The Big 3 Credit Agencies
The first thing to do is to order a copy of your credit report directly from each, or any of the three major credit agencies. Donít get your credit report from third-party agencies, because chances are you could be disputing errors or flaws that donít even exist. According to the US Fair Credit Reporting Act (FCRA), the major credit agencies are responsible for correcting or reducing any flaws and errors in their credit reports. The FCRA therefore, enables you to directly contact these credit reporting agencies, and formally relay your disputes or complaints.
Make Sure Each Report Is Not Past The 7-Year Limit
Once you get a copy of your credit report from the major credit agencies, compare each of the reports, and ensure that these are not past the seven year limit for reporting of any errors or negative information. Also determine if the status and delinquency dates are not incorrectly noted.
How To Dispute Any Errors You Find
Once you personally find any discrepancies or flaws, you can dispute these through filing your complaint online, as well as by writing a letter to the specified credit agency. While sending your dispute on the Internet may be much faster, it only offers you limited options to explain your reasons. However, if you write a letter, make sure you limit it to around 100 to 150 characters, or 30 words, to directly state your case. To file your dispute online, visit the agencyís Web site, and look for the ďDisputeĒ option. Enter your identifying information, and proceed to state the dispute. In sending disputes by mail, find the agencyís official mailing address, which is usually located near the end of your report, and include your name and address, report number, as well as the account numbers youíre disputing.
Once you receive a copy of your credit report from any agency, the agency is normally given 45 days to send the results of your dispute. But if you paid for your report, the agency will usually deliver this to you in around 30 days. Once you spot any errors or inconsistencies in your credit report, itís important that you question and dispute all those inaccuracies, and never assume that something is correct, just because itís reported by one of the major credit reporting agencies.
By your GoodBuddy Richard La Compte
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