Your Credit Report Information Is Your Valuable Asset
Keeping tabs on your credit report information is a vital weapon to fight identity theft. It will contain all the important statistics, personal details such as your date of birth, legal name, current and previous employers and of course addresses. Updating your credit report information and keeping it safe is a great way to prevent identity theft, especially with how the internet and social media for example is exploding in a big way.
Your credit report information shows the status of your credit, currently as well as past history, which includes the opening and closing of accounts. Your credit report will also show information on loans, credit card history and most importantly your credit score, which range from 330 to 830. The higher the numbers in your credit report information, the better credit score you will have to pursue getting loans etc.
Credit Report Facts | Record of Payments
The record of payments in your credit report is an important part for every individual. Your entire credit history is found here. For any creditor that reports to the bureau, the information includes your credit amount, the creditor details, duration of credit and details about every payment you have made.
The creditors can even include notes placed by them, or requested to be placed by you in your credit report if you think the information is incorrect. In this section of your credit report, it needs your focused attention, as it might contain unidentified creditors and charges.
If an inaccuracy appears in your record of payments in your credit report, you need documentation to show the the information is incorrect by means of providing this documentation to both the credit bureau and to your creditor for the best results in getting this corrected quickly and promptly. Your financial well being can be greatly affected with a poor credit history.
Credit Report Help | Five Ways To Dispute Errors
The first thing to do is to order a copy of your credit report from any or all of the major credit agencies. The major credit agencies are responsible for correcting or reducing any flaws and errors in their credit reports.
Secondly, compare all credit reports and make sure that they aren’t past the 7 year limit for correcting any mistakes or erroneous information. Determine if the status and delinquency dates are correctly recorded.
Thirdly, once you personally find any mistakes if any, you can challenge by registering online as well as by writing a letter to the specified credit agency and creditor. Look for the “Dispute” link or button on the agency’s website to register your complaint online.
Enter your identifying details, your name and address, report number, in addition to the numbers of the accounts you’re disputing.
Sending your complaint on the internet may be much faster, it only offers you limited options for explaining your case. Nevertheless, if sending a letter, make sure you limit it to around thirty words to directly state your case.
Article: Credit Report