A Spotless Credit Report
Posted by Jame Bowen on Monday, April 9, 2012
A clean credit report can make life much easier than would otherwise be possible with a credit report littered with negative items. A good credit history can often significantly impact your chances of getting a loan, finding employment, renting an apartment or buying a car.
Sometimes, the negative items on your credit report are a direct result of financial decisions you have made in the past. However, there are times when your credit record states negative items that should not be listed. Next you will see methods to identify these types of errors and a bunch of helpful tips that will help you get them removed.
Identifying Negative Items
The credit reporting agencies and credit bureaus that track and report your credit history are not infallible. They make mistakes. That is why most experts advise that you request a copy of your credit reports from the main agencies. That is the only way you can identify errors and begin the process of removing negative items that should not be listed. Maintaining a clean credit report requires this type of annual review of your credit reports.
Correcting Errors
You need to write a letter to the credit bureau that issued the credit report where you found an error. Include copies of any documentation that you have to prove your case. Include a copy of your report with the errors circled. This will make it easier for the agency to identify the items in dispute. In your letter, ask them to remove the error(s) from your credit report. The credit bureaus are obliged to investigate legitimate disputes within 30 days. If the credit bureau removes the errors, ask them to send notices to anyone who has received your credit report during the past 6 months. They are required to do this, but you must ask them.
Erasing Negative Items
If you find negative items on your credit report that are reported accurately, the only way to truly erase them from your credit report is to either wait until such items are dropped by a time limitation or work with a creditor to have items removed.
Your credit history can either make life easier or more difficult. It can impact your ability to purchase a home loan, get a car, get a job, or even rent an apartment. But, through vigilantly checking your credit reports annually, you can keep track of any errors that need to be erased.
Maintaining a clean credit report, free from errors, can result in qualifying for loans with favorable interest rates. Over time, a clean credit history can save you thousands of dollars and offer peace of mind.
Visit my credit report for more information.
Sometimes, the negative items on your credit report are a direct result of financial decisions you have made in the past. However, there are times when your credit record states negative items that should not be listed. Next you will see methods to identify these types of errors and a bunch of helpful tips that will help you get them removed.
Identifying Negative Items
The credit reporting agencies and credit bureaus that track and report your credit history are not infallible. They make mistakes. That is why most experts advise that you request a copy of your credit reports from the main agencies. That is the only way you can identify errors and begin the process of removing negative items that should not be listed. Maintaining a clean credit report requires this type of annual review of your credit reports.
Correcting Errors
You need to write a letter to the credit bureau that issued the credit report where you found an error. Include copies of any documentation that you have to prove your case. Include a copy of your report with the errors circled. This will make it easier for the agency to identify the items in dispute. In your letter, ask them to remove the error(s) from your credit report. The credit bureaus are obliged to investigate legitimate disputes within 30 days. If the credit bureau removes the errors, ask them to send notices to anyone who has received your credit report during the past 6 months. They are required to do this, but you must ask them.
Erasing Negative Items
If you find negative items on your credit report that are reported accurately, the only way to truly erase them from your credit report is to either wait until such items are dropped by a time limitation or work with a creditor to have items removed.
Your credit history can either make life easier or more difficult. It can impact your ability to purchase a home loan, get a car, get a job, or even rent an apartment. But, through vigilantly checking your credit reports annually, you can keep track of any errors that need to be erased.
Maintaining a clean credit report, free from errors, can result in qualifying for loans with favorable interest rates. Over time, a clean credit history can save you thousands of dollars and offer peace of mind.
Visit my credit report for more information.