Equifax Credit Report Dispute Results
2010
Disputing Errors on Your Credit Report
One of the most important things when seeking for mortgage loans is a decent credit rating. Whenever you have acquired your free annual credit report, make sure to assess it for possible errors and update necessary information that might potentially harm your credit stature. While credit report errors may seem inevitable, it is mightily frustrating to have marks on it since it could ruin your chances of applying for mortgage.
If you are one of those unfortunate few who have received inaccurate credit rating results, fret not. You are not alone in your protest. Some of the errors are caused by erroneous computer account records being dumped into the credit reporting company files. There are also mistakes resulted from gathering information attributed to bad public records, acquiring information for the wrong individual, furnishing identity theft information and breaking into the credit history of a potential victim.
Other errors also include incorrect spellings, mixed up figures and amounts, inconsistent information such as displaying current and in default standing for the same person and account, and incomplete credit reports.
In disputing such credit report errors, you can certainly submit a report of inaccuracy or incompleteness of information to a credit reporting agency. Furnish them with a written request to investigate such atrocities. Some of the three main agencies include Experian, Equifax, and TransUnion. Include pertinent details about yourself such as your name and address, a statement that identifies the items you consider incomplete or inaccurate, copies of billing statements, proof of cancelled checks, and other supporting documents, and the remedial action that you would like taken.
From your request, the credit reporting agency will conduct a reinvestigation regarding the disputed items that you have stated. This is highly possible unless they delete your corrected information upon receiving your request. The agency is also required to send dispute notices to the culpable party responsible in providing the inaccurate information. When the liable information provider has received the notice, within five days, there must be a conduction of its own reinvestigation concerning completeness and correctness of the disputed information. The credit reporting agency will complete the reinvestigation within a month of receiving your written request.
Credit reporting agencies will check reliable source of information to provide assistance in clearing up erroneous information in your credit report. The agency will then send you a written notice upon the completion of the supposed reinvestigation, a corrected credit report copy, and a right to request a copy containing the reinvestigation results. The report will also include the contact details and address information of the provider who has furnished you the inaccurate credit report.
A statement of dispute and correction should be contained in your credit file. This serves as proof that you have a mistaken credit rating and the information detailed in them is in error. To prevent a burgeoning flow of errors in your credit report, you should also periodically monitor and review your credit report and statements. You certainly do not want any mistaken information about your credit score cropping up at a later date. If you continue to have some issues concerning your credit rating, you can write another complaint or consult legal help to assist you in smoothing out the errors in your credit report.
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