Later, in Part 2 of this series, we'll look at how you can
fix errors in your credit report, avoid problems that hurt your credit score, and improve your credit rating.
There are circumstances where you can
fix errors in your credit report.
36 Even the ability of consumers to
fix errors in their credit reports is questionable, given the automated and perfunctory nature of the credit bureaus» dispute resolutions systems.
See Chi Chi Wu, National Consumer Law Center, Automated Injustice: How a Mechanized Dispute System Frustrates Consumers Seeking to
Fix Errors in Their Credit Reports, January 2009.
You can
fix an error in your credit report with diligence and documentation.
Not exact matches
The government also laid out a number of ways to improve the accuracy and operation of the
credit scoring companies to prevent or
fix the
errors in the
reports that lenders use to assess borrowers» creditworthiness and set rates.
If you find anything that's out of line — say, an unauthorized account or late payment
reported in error — reach out to the creditor and
credit bureau as soon as possible to start the process of getting it
fixed.
In addition, the bank has to
fix credit report errors and clearly explain how consumers can set up their payments.
Errors in your
credit reports can cause your scores to be lower than they should be — and
fixing them can be a quick route to a better score, which...
«Consumers continue to express their frustration about inaccurate information on their
credit reports and difficulty
in getting these
errors fixed.
Reasons you can't get your
credit report fixed A noted national consumer law organization releases a
report documenting the abysmal quality of the
credit report dispute system provided for by law to protect consumers from
errors in their
credit reports.
If you're that «one
in four,» you also need to know how to
fix those
errors on your
credit report.
Here are the necessary steps you need to take
in order to
fix credit report errors.
The information provided
in our site and our program will help you
fix ERRORS on your
credit report and clean up «questionable» items.
Some
errors can be simple, like misspelling your name or having the wrong address, but there can be
errors in how lenders are
reporting to the
credit bureaus, and those
errors should be
fixed immediately.
If you plan on purchasing a home obtain a copy of your
credit scores and
reports, this way you'll be «
in - the - know» and possibly able to
fix any
errors or negative information.
The first step
in fixing credit report errors is to identify what's wrong.