I have checked my credit report and noticed it contains errors. Why is that?
The credit bureaus are responsible for collecting credit data for over 250,000,000 consumers. This is no easy task and mistakes can happen. Since the credit bureaus only list items that are reported to them by businesses and lenders, they are generally not to blame.
Errors on credit reports can be caused by a variety of reasons. Some of them include:
- An application was submitted under a different name (e.g.: Robert Smith vs Bob Smith)
- Someone made a clerical error when inputting your information into their system
- The social security number provided might have been incorrect
- Payments on credit cards or loans might have accidently been applied to the wrong account
- Someone might have submitted a credit application without your consent
Fixing errors on your credit report can be difficult and very time consuming. If you need help, please contact CreditAssist at (888)-438-8755 to speak with a live highly trained credit professional today.
Am I allowed to fix errors on my credit?
Yes, absolutely! The Federal Government has written and enacted many laws to help protect consumers. Some of these laws directly relate to your rights and privileges in dealing with your credit reports, errors, credit bureaus, and creditors. Some of the laws that outline procedures, policies, timeframes, and responsibilities for both consumer and creditor can be found in:
- The Truth in Lending Act
- The Fair Credit Billing Act
- The Equal Credit Opportunity Act
- The Fair Credit Reporting Act
- The Fair Debt Collection Practices Act
What does fixing errors on my credit actually mean?
Credit repair is the process of removing inaccurate, unverifiable, or erroneous information from your consumer credit reports. This helps ensure that your credit report will only contain true and accurate information. Since your credit score is calculated based on the information in your credit report, removing errors may significantly increase your overall score.
Do I need a lawyer to help me fix the errors on my credit report?
No, you don’t. You certainly have the right to consult a lawyer, but you do not need one to fix errors on your credit report.
Can I fix errors found on my credit report on my own?
Yes, you can. As a consumer, the federal government extends you the right to dispute items, work with creditors and bureaus, and resolve errors on your own.
How do I fix errors found on my credit report?
The general process of fixing errors on your credit report is relatively straightforward. There are however some complexities in the details when it comes to implementing your consumer rights as stated in various federal laws and statutes. The process can also be very time consuming and tedious depending on whether you get favorable or negative responses. This is why many people seek the help of trained professionals when dealing with creditors and credit bureaus.
If you need help, please contact CreditAssist at (888)-438-8755 to speak with a live, highly trained credit professional today.
Generally speaking, the first step is to request a copy of your credit reports from the three main credit bureaus: Equifax, Experian, and TransUnion. Once you have interpreted your credit report, reviewed and identified the errors you wish to correct, you inform each of the credit bureaus by drafting a letter that clearly explains your request – attaching any relevant documentation that would help prove your claim. A similar letter is then drafted and sent to the creditor who is reporting the error.
Depending on the response of the credit bureaus or creditors, additional follow-up letters might be required. Or they might request that you provide additional documentation or proof of your claim. Eventually, the credit bureau or creditor will complete their investigation into your claim and respond with their conclusion. Based on your satisfaction of their investigation, there may be further steps involved.
Am I allowed to hire a company to help me fix errors on my credit report?
Yes, absolutely! The Federal Government allows any consumer to seek the help of a Credit Repair Organization (CRO) when dealing with their credit reports. Many people prefer to have a trained professional help them with the process because of the various state and federal regulations surrounding credit repair.
If you need help, please contact CreditAssist at (888)-438-8755 to speak with a live, highly trained credit professional today.
Why use a company to fix errors on my credit report?
While the federal government has enacted many laws to help protect your consumer rights, especially when it comes to dealing with credit bureaus and creditor, these laws can be difficult to interpret. Likewise, understanding how to properly and effectively leverage these laws can be even more challenging. This is where www.CreditAssist.com can really help.
We have extensive in-depth knowledge of the various laws protecting your credit rights. We understand how to apply federal laws to maximize our success rates and take the guesswork out of the process. Additionally, over the years we have developed a successful track record in dealing with the time consuming and tedious process of working with creditors and credit bureaus.
If you need help, please contact CreditAssist at (888)-438-8755 to speak with a live, highly trained credit professional today.
How long does it take to fix an error on my credit report?
The answer somewhat depends on the level of effort you put into the process and the responses from the credit bureaus and creditors. If you draft strong persuasive dispute letters, provide relevant documentation, and stay on top of their investigation process; your claim might be completed faster than if you pieced together the information casually and sent it in multiple deliveries.
Generally speaking, consumer credit protection laws require that credit bureaus and creditors complete their investigations within 30 days of receiving your formal written request. However, as with other situations, just because the law outlines a process and turnaround time, that doesn’t mean it always goes smoothly.
Managing time frames, drafting tailored situational dispute letters, collecting appropriate evidence, sending necessary follow-up letters, and ensuring proper delivery with accurate documentation are some of the reasons consumers choose to hire a Credit Repair Organization (CRO) to help fix their errors.
If you need help, please contact CreditAssist at (888)-438-8755 to speak with a live, highly trained credit professional today.