Credit Report Issues
Everyone knows how important good credit is, but do you know your rights when it comes to the things stated on your credit report? The Fair Credit Reporting Act (FCRA) is a federal law that controls how information is obtained, retained, and reported.
Never mind what your credit score is – that is just a sly marketing trick by the industry. What you should really care about is the information on your credit report. Ask yourself one simple question: is the information accurate?
- Did you have an account with a particular company?
- Did you have this account during the particular dates they claim?
- Were you late paying when they say you were?
- Are the addresses and phone numbers listed ones that were really yours at one time?
If you answered no to any of the above, you have the right to dispute the reported information.
Understand that you have no legal right to dispute accurate information. Do not get fooled by companies who claim they can remove any information simply because it is old. If the information is accurate and complies with the FCRA, it is probably allowed to be on your report.
If however, there is inaccurate information, dispute it. The credit reporting agencies are required to investigate. If the investigation fails to correct the information, you may have a claim. Unfortunately, this is many times the only way to fix your credit report.
If you reviewed your recent credit report and have found inaccurate information, we can help. If you’ve already gone through the dispute process yourself and are not satisfied with the outcome, we can help. No matter what stage of the dispute process you’re in, contact us to learn how we can help.