Fixing Credit Errors Step By Step

  • If additional information is requested, send your letter by certified mail, return receipt requested, so you can document what the CRA received.
  • The FCRA mandates that all CRAs re-investigate the items in question – usually within 30 days – unless they consider your dispute frivolous. They also must forward all relevant data you provide about the dispute to the credit card company. After the credit card company receives notice of a dispute from the CRA, it must investigate, review all relevant information and report the results to the CRA.
  • If the disputed information is found to be inaccurate, the credit card company must notify all nationwide CRAs so they can correct this information in your file.  Disputed information that cannot be verified must be deleted from your file.
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    1. […] Fixing Credit Errors Step By Step (via Raleigh Mortgage Guy) August 21, 2011 Drew Ludlow, Realtor/Broker Leave a comment Go to comments By now you know you should review your credit reports for inaccuracies every 90 days. But do you know what to do when you encounter a mistake in your credit report? Here are the steps need to be taken to correct the matter. The first thing to do is get a copy of your credit report from each of the three major Credit Reporting Agencies (CRA) : Equifax ,  Experian  & TransUnion. I recommend;  because this way you only nee … Read More […]