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Dispute Derogatory Marks Wrongly Added To Your Credit Repost

Correcting your credit history allows you to exercise your legal rights. No one can stop you from challenging errors and incorrect intries that appear in your credit report. The free guide below will help instruct you on the basics of credit dispute.

How to dispute and remove errors from your credit reports -

But it's up to you to start the process. No one will do it for you. The three major credit bureaus will only look intot he matter if and when you claim the facts are in errors.

You have every right to dispute your credit report simply by writing a letter and informing a credit bureau that you want to assert your rights under the FCRA, which stands for the Federal Credit Rights Act.

If there is a charge off in your credit report which is clearly not yours, then this will relfect badly on your credit rating, and will definitely wrognly lower your credit score when you apply for a loan or a credit card.

You have the right to write a dispute letter and demand that this entry be taken off your credit report due to the facts of the matter: note if the debt had been successfully paid and simply not reported correctly or if this could have been an entry of someone else.

A delinquent payment will likely stay on your report for a period of time (probably 2 years) but will eventually be removed automatically due to the apssage of time and the fact that the FCRA requires the credit bureaus to expunge outdated information like this in a timely manner. If they don't, demand that they do and requrie them to send you proof that your credit report has been updated correctly. Maybe one of your creditors was paid in full after the fact but simply forgot to update the files to your account. It happens. And you have the right to make it right.

Sometimes, the U.S. Postal Service may misdirect a payment, or the creditor may have had a change of address forwarding order expire. I know that this has happened for cdertain in the past, and the loan payment was reported as past due although it was submitted early. A 100-word statement was able to be added to the credit reports in question and the past due delinquent payment seemed to have no derogatory effect on the FICO credit score.

Remember: correct information you find in your credit report cannot be disputed off your report. Don't listen to anyone who tells you otherwise. It will remain there until enough time has passed that if "falls" off your report -- probably in as little as two years. But if any information is inaccurate, yes, you can dispute it and get it removed.

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