Home arrow Mortgage Forums arrow Credit Problems and Repair arrow

Can i remove inaccurate information from My Credit Report?

Author Message
bigden239

Guest







Post Posted: Sun Oct 30, 2005 12:59 am    Post subject: Can i remove inaccurate information from My Credit Report?
Like 0
Dislike 0

I was just looking on my credit report, and i found one interesting thing, it has got inaccurate information. How this is possible? My question can i remove those inaccurate information.

Thanks in advance Sad
Icon Mini Profile Niicss
Niicss




Joined: 03 Oct 2005

Posts: 4770
Location: New Jersey
499.28 Dollars($)
Post Posted: Sun Oct 30, 2005 1:31 am    Post subject: RE
Like 0
Dislike 0

Hi, Bigden

No surprises to hear. Nowadays it's a common scene that credit report having some inaccurate information.

But not to think lot about how to correct those as these things can be fixed easily. Under the FCRA, consumer reporting company and the information provider both are responsible for correcting any incomplete or inaccurate information in your report. Under this law you have a legal right to claim that.

The 1st thing you should do is tell the consumer reporting company in writing, what information you think is inaccurate. Always include duplicate copies of documents in support of your position. In your letter which you are sending should include your name and address and the list of items of dispute. Before sending it to the company, keep a copy of that letter with you for further requirement. Letter should sent by a certified mail.

In most common cases Consumer reporting companies takes 30 days to investigate unless they consider your dispute frivolous.

You can also contact your creditors first and allow for some time to find if they get your information corrected. You may also check the disputes online by following certain links and answering multiple choice questions to put down the reasons behind such disputes.

These things can help you in settling disputes about your credit report.

Niicss
bigden239

Guest







Post Posted: Sun Oct 30, 2005 1:34 am    Post subject: RE
Like 0
Dislike 0

Thanks Niicss for such information.

I was very curious to know the solution.

Thanks once again.
Icon Mini Profile Niicss
Niicss




Joined: 03 Oct 2005

Posts: 4770
Location: New Jersey
499.28 Dollars($)
Post Posted: Sun Oct 30, 2005 1:40 am    Post subject: RE
Like 0
Dislike 0

One more thing to add for your help.

FTC has always tried to work for consumers to prevent fraudulent and unfair business practices in the marketplace. To file a complaint with the FTC you can contact this web address - Complain FTC

You can also get more information on any consumer issues at FTC

Thanks Niicss
Icon Mini Profile Caron
Caron
Moderator



Joined: 19 Jul 2005

Posts: 1519
Location: florida
281.04 Dollars($)
Post Posted: Sun Oct 30, 2005 8:53 am    Post subject: RE:
Like 0
Dislike 0

Hi bigden,

I can understand that you are going through a lot of inconvenience. But believe me, this is quite common nowadays. Most individuals keep complaining about the inaccuracy in their credit report. But there are ways to remove such errors. Do not get disturbed because there is the Fair Credit Reporting Act (FCRA) which will help you to resolve any dispute regarding any inaccurate information on your credit report.

Niicss has correctly mentioned that you should inform both the credit reporting agency as well as your lender about this error. Under the FCRA, the agency will reinvestigate and record the present status of the disputed items within a certain period of time. If the agency fails to verify a disputed item, then it may delete such items from your credit report. The agency will correct the errors in the report and send a notice of correction to anyone who has gone through your credit report in the last six months.

Hope this will help you.

Regards,
Caron.
Icon Mini Profile rita2
rita2




Joined: 23 Apr 2010

Posts: 286

51.03 Dollars($)
Post Posted: Fri May 07, 2010 7:30 am    Post subject:
Like 0
Dislike 0

Hi,

It is very important to check the credit report on a regular basis. Nicss is right, if you have incorrect information in your credit report then report to the bureau immediately. Send them a letter along with the proof and also send a copy to your creditors. The best thing I can suggest you in this regard is to check your credit report every 30 days so that you can change any disputed immediately which will help you in future transaction.
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights
Bookmark this page
Share |

Helpful References
Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community
MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards
Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (265)








Community Chat

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 21.095 seconds.