Every credit report agency maintains all the information of an individual which includes the personal information, credit history, public records and inquiries. This information is collected from many authentic and legal sources like insurance company, telephone agency, electricity department, banks, government agencies, etc. It is very important to have accurate credit information as many government agencies might need these details. Every individual must have a check on their free online credit report at periodic intervals so that there are no errors at the later stage.
How to correct the errors in your credit report?
In many cases, due to old and outdated record and information, the credit reports may bring down your credit score. In such a condition, you need to report to the agencies and get it corrected as soon as possible. If you will be late in doing so then, this might affect your credit score while applying for loans. You must always have a copy of the complaint or dispute you have sent to the agencies for correction. You must never enclose any original documents to the agencies and must give only the duplicate ones.
Every credit report agency may have a different set of procedure to solve such disputes, but as a matter of fact, you must have some basic knowledge about the common procedure. To make the matter or dispute clear, you can enclose your name and other details with the documents you are applying for dispute at. To make the correction at the earliest, you can enclose the details of dispute with every document you have enclosed. If you do not get the response in the next couple of days, then you can follow up by making a call or sending a confirmation letter.
What are my credit report rights?
Most of the people are unaware of their rights to access their credit report from the agencies. One must have the knowledge about their rights so that they can raise their voice if there are any disputes. Once you have raised your dispute with any of the credit agencies, they need to look for it in specified period of time. In case you have not received any response, you can apply for a fresh appeal of dispute. You can also apply for free online credit report once you are done with your disputes with the credit agencies. It is important to have knowledge about everything so that you can use it at a later stage.
For more information you can visit Which Credit Reportand can get some more about it.