Keep Your Credit History Clean. Remove A Negative Credit Record From Credit Report

Keep Your Credit History Clean. Remove A Negative Credit Record From
Credit Report
by: Jeffrey Broobin


The three major credit bureaus, Experian, Equifax and Trans Union are
similar and feature a "Credit Score", which is created from credit report
data submitted to them about you.

But very often your credit report includes inaccurate, wrong or
incomplete information (credit records).

In this situation you have to prepare and send letters to each of the
credit bureaus. Also learn your credit rights by familiarizing yourself
with the Fair Credit Reporting Act (FCRA).

The FCRA gives you the right to dispute inaccuracies or omissions, and it
requires credit bureaus to investigate your complaint (generally within
30 days), send you a prompt response and correct any errors. The law also
requires the source of inaccurate information (such as a bank) to correct
the record at the credit bureaus to which it initially provided the
erroneous information.

Consumers working on their credit reports say many times their letters
are ignored by the credit bureaus. Consumer’s say even with proof a
credit record is not theirs; its removal from their credit report can
take three or four challenge letters, because the credit bureaus may have
only verified it in their computers and not on the credit report.

Send your dispute letter by CERTIFIED RETURN RECEIPT MAIL. This should
not be done with the first attempt.

Keep a record of when you sent the dispute letters and what date you
should expect a response.

If you have received no answer to your dispute after 30 to 37 days, send
a certified return receipt letter requesting an updated credit report
demanding the disputed credit record be deleted.

If the bureaus do not reply within the 30 days, it must be that the
information was either inaccurate, or it could not be verified. In either
case, according to the Fair Credit Reporting Act, the credit record must
be immediately deleted from credit report.

Some consumers have eliminated negative marks on credit reports simply by
going through this process of disputing credit records several times.
Since some creditors will not take the time to respond, you may be able
to win by default.

In addition, some consumers working on their credit report have seen
another negative credit record or two disappeared. Usually some progress
is made each time you challenge. Remember, the credit bureau would like
you to quit bothering them because if you aren't disputing the credit
report, they can legally continue selling it as profitable information.

To obtain the excellent credit report service, correct your credit, get
FREE online Credit Report, make your Credit Score higher or avoid
becoming a Victim of Identity Theft visit Legal Helper website http://www.legalhelper.ws/credit-report.aspx.

Your credit score is important for obtaining credit. Your credit score is
important to know, whether you need a new credit card, an auto loan, or a
mortgage. Lenders use your credit scores to decide whether you are a good
credit risk. If you have a high credit score, you are more likely to
obtain the best rates.

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About The Author

Jeffrey Broobin is a free-lance writer on family and finance issues; his
main goal is to help people during their complicated period of life.
Website: http://www.legalhelper.ws
jeffreyb@legalhelper.ws