Bad Credit? - Repair it here yourself!

There're many reasons you may want help for bad credit. We're here to help you understand what affects credit, what makes credit bad, how and what entities define your credit, guide you through the credit definitions, financial concepts, common misconceptions and provide you with information and tools that will help to solve your credit problems. Get help for bad credit now! To achieve this, we provide you with Free Access to a wealth of credit related content, forms, tools and calculators. We show you how to improve your bad credit step by step, reestablish your ability to borrow monies, how and where obtain loans, credit cards, mortgages and other financing. Repair Credit now!

Credit repair - fixing credit agency mistake

Thu Aug 24, 2006 03:08PM | By Tony

See more in Credit Repair | Permalink | Email | Comments (0)

Credit repair is no fun, but at least when you did it to yourself, it is somewhat comforting. When however, it a credit reporting agency that mistakenly put incorrect information on your sacred credit report, credit repair is getting quite aggravating.

Recently we came across several cases, when derogatory records got on the credit reports simply because of the negligence of Experian, TransUnion and Equifax. Often creditors do not furnish Social Security numbers to the credit agency. Often the incorrect misspelled information is given. So when trying to locate the proper person and report, the Experian, TransUnion and Equifax do cross checks based on last names, first names, addresses, etc. With common names and sometimes similar addresses, mistakes are easy.

If it happens to you, you have some credit repair to do. First, contact the original creditor whose account is listed as derogatory on your credit report. Make sure they understand that you are not the same person who defaulted. This most commonly happens with utility companies and medical offices. If you never had account with the lender or a utility company, you will need to prove it. Sometimes it is easy, when say you live in completely different area, sometimes it is more difficult. Second, once you straighten this out, contact credit reporting agency and initiate the dispute. This credit repair process could be a hassle, so get your free annual credit report to make sure there are no incorrect records posted.

Post a comment

Name:

Email:

URL:

Remember personal info?

Comments:

Please enter the code as seen in the image above to post your comment: