Disputing Discrepancies on Your Credit Report?

5 Ways To Dispute Discrepancies to Your Credit Score

A person’s credit score indicates how credit-worthy and financially responsible they really are.

A credit report is usually sourced from the nation’s three major credit reporting agencies, which includes Experian, Equifax and TransUnion. However, the big three are not immune to errors and major flaws, and according to credit experts, these three agencies incur error rates ranging from 20 to 30 percent, although some of the errors may be as simple as reporting the wrong month of a delinquent account. Nevertheless, any simple credit report errors may still have a damaging on the person’s credit score, which can result in the individual getting rejected for a much-needed credit line. Here are five ways for disputing discrepancies in your credit report.

Order a Copy Of Your Credit Report From The Big 3 Credit Agencies

The first thing to do is to order a copy of your credit report directly from each, or any of the three major credit agencies. Don’t get your credit report from third-party agencies, because chances are you could be disputing errors or flaws that don’t even exist. According to the US Fair Credit Reporting Act (FCRA), the major credit agencies are responsible for correcting or reducing any flaws and errors in their credit reports. The FCRA therefore, enables you to directly contact these credit reporting agencies, and formally relay your disputes or complaints.

For more detailed information see “The Art Of Damaged Credit Repair.”

Make Sure Each Report Is Not Past The 7-Year Limit

Once you get a copy of your credit report from the major credit agencies, compare each of the reports, and ensure that these are not past the seven year limit for reporting of any errors or negative information. Also determine if the status and delinquency dates are not incorrectly noted.

How To Dispute Any Errors You Find

Once you personally find any discrepancies or flaws, you can dispute these through filing your complaint online, as well as by writing a letter to the specified credit agency. While sending your dispute on the Internet may be much faster, it only offers you limited options to explain your reasons. However, if you write a letter, make sure you limit it to around 100 to 150 characters, or 30 words, to directly state your case. To file your dispute online, visit the agency’s Web site, and look for the “Dispute” option. Enter your identifying information, and proceed to state the dispute. In sending disputes by mail, find the agency’s official mailing address, which is usually located near the end of your report, and include your name and address, report number, as well as the account numbers you’re disputing.

Once you receive a copy of your credit report from any agency, the agency is normally given 45 days to send the results of your dispute. But if you paid for your report, the agency will usually deliver this to you in around 30 days. Once you spot any errors or inconsistencies in your credit report, it’s important that you question and dispute all those inaccuracies, and never assume that something is correct, just because it’s reported by one of the major credit reporting agencies.

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The Art of Damaged Credit Repair

There are a few simple steps to follow to get your damaged credit repaired. Your credit may have been damaged for different reasons.

The first may be something came up in your personal life like a loss of a job or unexpected medical expenses. These unexpected things can cause great pain in your life and a person may resort to using credit cards to survive and pay monthly expenses. You later find out when the bill comes you are playing catch up each month so it becomes a vicious circle that drives you deeper and deeper into debt.

The second situation that may arise is you become a victim of identity theft. Some one robs your identity opening accounts in your name. They charge up a bunch of items never intending on paying the bill. This leaves you in a situation where you have to prove it was not your charges or accounts.

The best way to do damaged credit repair is by doing it yourself if you have the time. In my opinion this is something a person should make time for just like paying your financial responsibilities each month takes time.

Here are the simple steps to take:

  1. Mark at date on your calender to yearly check you credit report. Just like you would for and important birthday or anniversary. Consider it a financial anniversary.
  2. Go to the website http://annualcreditreport.com to get a copy of your credit report for free. You do not need to worry about your credit scores at this point so I would not pay for them.
  3. Review the credit report from the three different credit bureaus (equifax, experian, transunion).
  4. If you find things that are incorrect you are able to dispute the item on the website. Each credit bureau will then check out the information to make sure it is correct. If it is incorrect they must remove it.
  5. Once everything is corrected you must now move on to paying off any collections or judgments that are not removed. The creditors are willing to negotiate a settlement most of the time to get the collection or judgment off of their books. If you enter into a settlement agreement make sure that you get it in writing that the debt is paid if full.
  6. Make sure to keep current on your debts. This will go along way to repairing you credit. You would be surprised how quickly this will raise your credit score.

If you find that you don’t have the time or feel you don’t want to attempt to do the credit repair yourself you can always hire out the process to a reputable company.

Previously published on http://ezinearticles.com

Bad Credit Cash Advance Services?

Bad Credit Cash Advance Services – Be Pleasantly Surprised

If you have the misfortune to have a bad credit rating you’ll know how difficult it is to obtain credit. Or is it? Truth is that many people with bad credit ratings accept that they’re no longer able to borrow, which may not be the case. Some lenders are willing to lend money without making you go through a credit rating check. One service that offers this bad credit cash advance services.

All you need in order to qualify to apply for bad credit cash advance services is a bank account, work and a home address. Provided you have these you can make an application. If you want to apply for bad credit cash advance services then you’ll need to log on to the Internet and find a lender, which shouldn’t be too difficult as there are many lenders offering this service.

Along with your bad credit cash advance services online loan application you’ll need to provide evidence of your salary, such as your last pay-slip, and your bank account details. Once you submit these you should be able to borrow money without a credit rating check being done.

You should note, however, that bad credit cash advance services are short-term borrowing. You’ll need to repay the cash advance loan on your next payday via a direct debit from your bank account. If for any reason you need to extend this period, you’ll need to arrange this with the lender before they submit the direct debit application.

So if you are one of the million these days who is find it difficult to make ends meet and need a short-term cash advance but are worried that your bad credit rating will stop this, try bad credit cash advance services – you may be pleasantly surprised with the answer you get.

Bad Credit Cash Advance Services – Be Pleasantly Surprised

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