Check your credit report at least once a year for errors and signs of
identity theft. Think of it as an annual checkup for your financial
health!
You have the right to dispute an information on your
credit report that you believe is wrong. You can ask the credit
reporting agencies to correct errors. it's FREE
Watch out for:
mistakes in your personal information, such as wrong mailing addresses or incorrect date of birth.
errors in credit card and loan accounts, such as a payment you made on time that is shown late.
negative information about your accounts that is still listed after the
maximum number of years it is allowed to stay on your report.
Why do errors matter?
They may give lenders the wrong impression. You could be turned down
for an application or receive a lower credit score than you should have.
Even errors that seem minor, such as a misspelled name or a wrong
address, could cause problems when you apply for credit.
What cannot be changed?
You cannot change factual, accurate information related to a credit
account. For example, if you missed payments on a loan or a credit
card, paying the debt in full or closing the account will not remove the
negative history. Negative information will only be removed after a
certain amount of time.
Watch out for "credit repair" companies
that claim they can eliminate negative information, for a fee, before
the date it would normally be removed from your credit report. This is
not possible.
Call us today for a FREE credit report consultation at 1-888-693-1439
Building, Improving and Securing Credit through safe, secure and affordable solutions
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