Fixing Credit Card Report Errors
Your credit report is something that will affect your financial position for many years to come. If you want to be able to qualify for loans, secure an apartment, and even turn on things like electricity, then you need your credit score to be in a good position. One of the things that can affect your credit score is how you handle credit cards. If you don't make your payments on time or you don't make any payments at all, then this could have a serious affect on your score.
While sometimes you might do things that affect your credit report, there are often errors that occur on people's credit reports. If there is outdated or erroneous information on your credit report, it can affect your life in some serious ways. It could prevent you from getting a loan to pay for your college tuition or prevent you from being able to get a new apartment. As such, you need to make sure that there are no errors on your credit report, as this will help keep you in a good financial position.
Fixing Erroneous Reports
If you are going to fix an erroneous credit report, then you're going to need to make sure that you look at your credit report every now and then. You can usually get your credit report at least once a year for free, and it's a good idea for you to go over it and see what it says. If you don't take any notice of what's on your report, then you could be missing a lot of errors. You need to make it a point to sit down and look at your report in great detail each and every year.
Once you have looked over your report and noticed an error, then it will be time for you to initiate a dispute, You are going to do so by contacting the credit reporting agency that provided the report in which you found the error. There are three ways in which you can dispute an error on your credit report; you can do so by going online, submitting it in writing or over the phone.Most of the time it is easier and quicker for you to file your dispute online, but you can always do so in the other ways.
When you file your report with a credit reporting agency, the agency is going to contact your creditor and try to discern what the truth of the matter is. If it's determined that you are correct, then your credit score will be fixed and you will be notified of this. One of the things that you may want to do is contact your creditor in advance and see if there is a reason for the reported error. If you can figure this out up front, then you may make things a lot easier when you file a dispute with a credit reporting agency.
Keep a Paper Trail
Fixing credit card report errors is something that will be a lot easier if you keep a paper trail of all of your payments to creditors. It can be easy to just make payments and not keep track of them, but being organized and keeping evidence of your payments is the best way to make sure that your credit score stays intact. By keeping all of this information, you can easily spot errors on your report and make sure that they don't do permanent damage to your credit score in the long run.
State Guides to Credit Card Laws
- North Carolina
- West Virginia