How to Dispute Your Credit Report
It can help to have a well ordered record of the transactions, debts or charges in question, when you want to argue about an entry on your credit report.
This may seem fairly obvious, but there are specific legal reasons why the records you have are as good as gold when it comes to disputing collections with the credit bureaus.
There is a specific piece of legislature on your side, namely 1970's Fair Credit Reporting Act (FCRA,) a bill stipulating certain rules for the entries on your credit report.
These are varied, but require that all accounts shown on your credit report be up to date.
Fortunately for you record maniacs, your proof of final payments and cleared-check bearing bank statements will force creditors and bureaus to update their old records.
Often, such discrepancies are the main factors holding your credit score down.
So, what does this mean for those of us who need to have their disputes cleared quickly and cannot make payments of collections in full? There's little fear of being left off hopeless, as online veins of communication have the keys to getting back up and a simple email communication can be a great way to let your credit bureau know that there's an issue needing attention.
Your stress can be reduced if you simply get started by mentioning that you have issues with a collection or entry.
There are also rules in the FCRA that only allow for seven years of debt reporting.
This means that if you have an issue with a low score that prevents you from signing a lease for a house, car or other item, you need to make certain you know when the initial debt activated.
Without a credit report it will be difficult to compare the dates you have in ledgers, books, couches, shoeboxes and napkins, to report that stands in the way of the claims you want to make.
Face it, organizational skills don't have to be horrible or even that poor to lose things every now and then, and while active, diligent record keeping still is the best policy, remember to keep in touch and keep abreast of what's going on.
For more tips, peruse some of our pages at your leisure.
This may seem fairly obvious, but there are specific legal reasons why the records you have are as good as gold when it comes to disputing collections with the credit bureaus.
There is a specific piece of legislature on your side, namely 1970's Fair Credit Reporting Act (FCRA,) a bill stipulating certain rules for the entries on your credit report.
These are varied, but require that all accounts shown on your credit report be up to date.
Fortunately for you record maniacs, your proof of final payments and cleared-check bearing bank statements will force creditors and bureaus to update their old records.
Often, such discrepancies are the main factors holding your credit score down.
So, what does this mean for those of us who need to have their disputes cleared quickly and cannot make payments of collections in full? There's little fear of being left off hopeless, as online veins of communication have the keys to getting back up and a simple email communication can be a great way to let your credit bureau know that there's an issue needing attention.
Your stress can be reduced if you simply get started by mentioning that you have issues with a collection or entry.
There are also rules in the FCRA that only allow for seven years of debt reporting.
This means that if you have an issue with a low score that prevents you from signing a lease for a house, car or other item, you need to make certain you know when the initial debt activated.
Without a credit report it will be difficult to compare the dates you have in ledgers, books, couches, shoeboxes and napkins, to report that stands in the way of the claims you want to make.
Face it, organizational skills don't have to be horrible or even that poor to lose things every now and then, and while active, diligent record keeping still is the best policy, remember to keep in touch and keep abreast of what's going on.
For more tips, peruse some of our pages at your leisure.
