Skip to main content

Is Your Credit Report Accurate?

In today's world, a lot rides on your credit report, and keeping that report up-to-date and accurate is extremely important.

But do you know what errors or possible corrections to look for or how to go about cleaning up your credit report?

First of all, go through the entire report and find any information that is out-of-date. This commonly occurs with unfavorable information that's over seven years old - such as lawsuits, judgments, criminal records, paid tax liens, late payments, or overdue child support. You should also look out for any bankruptcies listed that occurred over ten years prior and any credit inquiries over two years old. There's no sense in keeping that information on your credit report if you no longer have to.

Your next objective is to clean out any inaccurate information. This can include incorrect names, addresses, phone numbers, birth dates, social security numbers, or inaccurate employment information. Other inaccuracies may included bankruptcies that aren't listed by their specific chapter number, any erroneous accounts or lawsuits, any closed accounts still listed as open. You should also remove any accounts that you closed if the report does not indicate "closed by consumer" afterward. Sometimes, you may even find that your credit report incorrectly shows you as having made late payments when you always paid on time

You can always request the removal of bad information on your credit report. Fill out a dispute form provided by the credit bureau and list every error with a detailed description. Those changes should be made within 30 days.

If the bureau responds to your dispute by saying that everything is inaccurate, contact them directly to discuss the problem.
Labels:

Comments

Post a Comment

Popular posts from this blog

Questioned by the Police? - Don't Forget Your Rights

One of the special things about our country's criminal justice system is that if you are suspected or accused of committing a crime, you have certain fundamental rights. Unfortunately though, many people aren't aware of their rights, or, in the head of the moment, they forget about those rights. For instance, citizens who find themselves being questioned and in police custody may not even be aware that they have a basic fundamental right to have an attorney present any time they are being questioned by any branch of law enforcement. Truth is, having an attorney present if you are being quested is vitally important. Why is that? For one thing, an experienced criminal defense attorney can help you from incriminating yourself, can make sure that you don't answer questions that are designed to trick you, and can keep officers from asking the same question over and over again. Bottom line - having a criminal defense attorney on your side can help make sure that you don...
2 comments
Read more

Your Rights When You're Pulled Over for a Supected DUI

Fact is, most people don't even know their rights if they're pulled over! Here's a quick list of the most important rights you need to know and how the conversation may go if you are pulled over: "Do you know why I pulled you over?" It's typically the first thing you'll hear. It's also deliberately designed to get you to admit to certain behavior. Be polite and simply ask, "Why do you ask?" and then wait for a response. Do not comment. That phrase "anything you say can and will be used against you in a court of law" is truer than you'll ever know, trust us. "Have you had anything to drink tonight? " If you truthfully have had nothing to drink that night, say, "No." If you've had something to drink, you don't have to share that information! Telling the officer that you've been drinking will be evidence used against you. Instead, say, "I have no statement to make." While it may seem u...
Post a Comment
Read more

Important Safety Warning from the CPSC

The U.S. Consumer Product Safety Commision (CPSC) had issued an important alert urging consumers to immediately stop using the LayZ Board self-balancing scooters (known as hoverboards). The CPSC has evidence that the LayZ Board was the hoverboard involved in the tragic fire on March 10, 2017, in Harrisburg, PA, which took the lives of two young girls. Numerous other fires have occurred in recent years as a result of the lithium-ion batteries in hoverboards, although this is the first fire that is believed to have directly led to fatalities. The LayZ Board hoverboards were manufactured in Shenzhen, China, and more than 3,000 units were imported into the United States. Due to the fire hazard posed to consumers of all ages by these hoverboards, the CPSC is urging the public to stop charging and stop using their LayZ Board. Consumers who choose to dispose of their hoverboards should take them to a local recycling center for safe handling of the lithium-ion battery. The CPSC is also...
Post a Comment
Read more