It has been noted often that the errors in the credit report goes unnoticed and it is only when you are seeking a mortgage or any other credit that you may locate the same. However, this is where most of the consumers go wrong and financial advisors have rightly said that credit reports should be checked regularly in order to make it more accurate. Not only do we keep ignoring our credit reports during normal times, we do not even check them while applying for a new credit. The Americans are the greatest witness of getting into several hassles with their bills as a result of not keeping them in order. At times, a new lot of unpaid bill may emerge from the stock of old files which you thought you have paid long back. However, the credit bureaus will not think otherwise and the same bill can constitute as a negative entry in your credit report. These negative inclusions can cause a lot of damage to the credit report and debar you from getting a good credit in future. As far as the process of disputing is concerned, a period of 30 to 90 days would be required to resolve the issue on the basis of the date of filing of the dispute. You should ideally initiate the process by trying to contact the creditors over telephone. At the same time, you should also be contacting the financial institution for verifying the errors present in the report. Followed by this, you can begin the process of dispute with the credit bureaus. The first thing to do is to clarify the personal records or information which will help the credit bureaus to get the track of the person they are dealing with and the related disputes. If the debts or negative items are genuine, you should inform the creditors that you are likely to use debt settlement programs to resolve the unpaid debts.
But why should you actually dispute your credit report? The most common reason for this is to eliminate the errors from the credit report. Followed by this, the increased tendencies of identity theft and other criminal activities may lead to false or erroneous inclusions in your credit report and you should dispute in order to remove those false accounts or misdeeds if any. The basic reason for a dispute is to get a good score which in turn will remove several obstacles including a credit approval to getting a job. At certain times, when a credit report is not updated for a long time, some of the old unpaid credits may still remain therein even after you have made the payments. Therefore, disputing the credit reports will allow you to replace the old items which may actually lower the score. Sometimes, you are simply not able to keep track of some of the inclusions and the same may account as one of the reasons to dispute the credit report. The difficulties in getting an approval for a new credit or to check for printing errors in the report, all of them should make you to check the credit report at first and then dispute the same. Lastly, it is the fundamental right of every citizen to dispute the credit report about the false and negative information present in the report and make it free of errors.
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