San Francisco real estate
Keep Your Credit History Clean. Remove A
Negative Credit Record From Credit
Report
by Jeffrey Broobin
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.
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
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