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Written by Administrator
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Wednesday, 07 July 2004 |
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It is reported that nearly 79% of all credit reports contain some error or other inaccurate information. It is mandatory, under the FCRA, for the credit reporting companies to correct the incorrect information. Here are some steps to take to go about making the corrections:
Write to the credit reporting company about the incorrect and inaccurate information.
Send copies of documents that will verify your claims.
Clearly, and in detail, itemize each inaccuracy, explaining why it is wrong.
Include a copy of the credit report in question, highlighting the disputed statements.
Ask to have the inaccurate and incorrect information removed from your credit report.
Keep copies of all documents you sent to the credit reporting company.
The Fair Credit Reporting Act (FCRA) was created to ensure that your individual rights are protected and that everyone has the same opportunity to correct any inaccurate credit information on their report. When used correctly, this legal right can make a difference in your financial future. |
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Last Updated ( Thursday, 27 September 2007 )
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