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CORRECTING TO YOUR SCORE
We know you want to boost your credit for a variety of reasons. Whether it is simply to improve your financial future, to clear up your finances in preparation for purchasing a home, to strengthen your ability to land that perfect job, or to acquire a loan at a great rate - we will either work for you or with you to get your finances into better shape. In an effort to assist you in your credit repair endeavors, we have provided a wide range of information for you.
But the one key to properly begin the process of boosting your financial outlook is...Correcting Your Score.
Your credit history is not tabulated by machines. The people who compile your personal credit report are human just like you and me, and they can make mistakes while compiling your reports from the various sources they use. At the same time, they are not going to contact you whenever these mistakes exist!
So to correct errors and improve your credit score, requesting a copy of your report frequently can be very important. Although this will cost a small fee, it will allow you to know what they have compiled about you. If you discover unfavorable information, you can ask for corrections before they start disseminating inaccurate information about you.
When you get a copy of your personal credit report to determine the status of your credit file, study the information carefully and attempt to remove all incorrect information in it. As all your credit history may not be contained in one file from one firm, if possible get the files from other firms too. Some information may be duplicated, or not included at all in the other file.
To correct errors and improve your credit score, you need to check your full name, social security number, current and previous addresses, spouse's name, and date of birth and make sure that they are all correct because they are some of the points used in identifying you. Also, make sure that any merchants' names, credit account numbers, date opened, date closed, high credit limit, highest amount of credit used, and repayment history are correct, current and accurate.
If after studying the file carefully you spot any errors, write out the exact error and the way you think it should be listed. You will find a space on the right-hand side of your report where you may challenge any item in your report that you feel is wrong or incorrect. You will have to attach photocopies along with pertinent information as proof of your claim and send it to bureau or credit reference agency by mail. When they get your message they will investigate and send you the results of their findings. Be patient, because it may take the agency some time to complete their investigation.
The fact that not just one agency may compile information about you may make it almost impossible for you not to encounter problems in future. When you apply for credit in a bank, in stores or any with a lending company you may be turned down. This does not mean the agency you filed error corrections with haven't made the changes, it's more likely that the bank or store you are trying to deal with have another report from a different agency about you.
So anytime that you are denied credit, you have the right to know why you were turned down! If the bank or stores used a credit report agency, they must provide you with the name and address of the agency that supplied them with the report.
Once you have the contact information of the agency involved, you should make an immediate effort to contact the credit agency, so that you can review your credit report, find out any information that is causing you to be denied credit, and make corrections if you have enough evidence to back up your claims. Otherwise how can you correct errors and improve your credit score?
At Innovative Credit Consultants, we are always here to answer any questions or to provide you with any help you may require. Contact us any time and we will get back to you as soon as possible.
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