Understanding Credit Bureau Disputes in Credit Repair [creditdiagnosis]

Understanding Credit Bureau Disputes in Credit Repair [creditdiagnosis]

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Credit repair companies charge you for things you can do for yourself, for free. There are laws that regulate the removal of inaccurate information from consumer credit reports. The reporting bureaus must follow outlined procedures to investigate ... What Credit Repair Companies Don't Want You to Know

Having identified the fact that you do need to exercise some sort of credit repair is the first step in the process of sorting out your credit rating at the relevant credit bureau or bureaus. There have been instances where a negative entry has been made against somebody's name, purely by error and this is what you have to be aware of when checking your credit history and standing. If you are aware of any defaults or bad credit habits on your part, then the process will most likely be somewhat different than sorting out an error on the side of the bureaus.

If you have discovered that the bureaus have made a mistake then you should declare a dispute with the bureau by means of a written communication, remembering to keep copies of all your correspondence. Once the error has been highlighted and corrected the issue of your credit repair should be sorted out.

This may be a little more complicated than laid out here, purely because you will be dealing with a typically large organization, as well as with individuals that are, at times, quite overworked. Perhaps the traits of persistence and patience will serve you well here, but don't stop until the errors have been sorted out.

On the other hand, in terms of known transgressions, from your side, the credit repair process may well require a lot more work and possibly a little humility from your side. One of the best ways to start the credit repair process, after of course you have established the exact position of your credit standing is by opening the channels of communication with the bureaus and or your creditors. This is the part that may require a little humility. By approaching the credit repair in an aggressive manner, will in all likelihood provide a set of additional obstacles, that you really do not need at this stage.

Should you be lacking the time or focus for this exercise then it is recommended that you seek out some professional assistance.

This is a completely different issue altogether, based upon the negative reports that credit repair agencies have been receiving, you will be well advised to do some research and checking upon your potential service providers before entering into any official agreement with them. There are indeed valid service providers out there, it is just a case of finding the right one.

Credit repair may not be the best pastime for anyone to engage in, however the importance thereof cannot be overstated due to the fact that based upon our current lifestyles we are so reliant upon lines of credit, such as loans and credit cards, hence you should try at least sort your credit out and or stay in good standing with your creditors.

Related Understanding Credit Bureau Disputes in Credit Repair Issues

Question by happy: Credit Bureau? I am facing a situation with a Credit Bureau - Equifax. It is regarding my personal information being updated incorrectly on my credit file they have. After providing them the proof of my correct date of birth, they did change it to the correct one on July 12, 2007. I noticed effective July 24, 2007 it has been changed back to the incorrect one that I disputed earlier. Upon my calling Equifax I was informed that they will change my personal information based on the report they receive form their member creditor(s). My concern is that they rely more on their member creditors than the proof that was provided to them for my correct date of birth. I wonder if Equifax, and other credit bureaus for that matter, would do the same for any personal information. I would appreciate any suggestion you can provide on how to handle/deal with this problem. Best answer for Credit Bureau?:

Answer by ANGEL Baby
They do rely on the person reporting the credit issue. Perhaps you should call your creditor to report the error then resubmit it to Equifax. My former spouse's address appears on my credit report showing a billing address in South Dakota. I have never been nor will I ever but they still show it as a current address for me! Good LUCK with this!

Answer by foreclosures101
write whoever you owed that debt 2,ask them what the problem is..then dispute that over equifax (disputing takes tons of hours on avg)

Answer by ed m
i believe you are getting all worked up over something very petty -- yes if you have the time go for it- but it is like pushing water upsteam dealing this those folks!!!

[credit bureau dispute form]