Orange County real estate
Keep Your Credit History Clean. Remove A Negative Credit Record From Credit Report
by Jeffrey Broobin
The three major credit bureaus, Experian, Equifax and Trans Union are similar and feature a "Credit Score", which is created from credit report data submitted to them about you.
But very often your credit report includes inaccurate, wrong or incomplete information (credit records).
In this situation you have to prepare and send letters to each of the credit bureaus. Also learn your credit rights by familiarizing yourself with the Fair Credit Reporting Act (FCRA).
The FCRA gives you the right to dispute inaccuracies or omissions, and it requires credit bureaus to investigate your complaint (generally within 30 days), send you a prompt response and correct any errors. The law also requires the source of inaccurate information (such as a bank) to correct the record at the credit bureaus to which it initially provided the erroneous information.
Consumers working on their credit reports say many times their letters are ignored by the credit bureaus. Consumer's say even with proof a credit record is not theirs; its removal from their credit report can take three or four challenge letters, because the credit bureaus may have only verified it in their computers and not on the credit report.
Send your dispute letter by CERTIFIED RETURN RECEIPT MAIL. This should not be done with the first attempt.
Keep a record of when you sent the dispute letters and what date you should expect a response.
If you have received no answer to your dispute after 30 to 37 days, send a certified return receipt letter requesting an updated credit report demanding the disputed credit record be deleted.
If the bureaus do not reply within the 30 days, it must be that the information was either inaccurate, or it could not be verified. In either case, according to the Fair Credit Reporting Act, the credit record must be immediately deleted from credit report.
Some consumers have eliminated negative marks on credit reports simply by going through this process of disputing credit records several times. Since some creditors will not take the time to respond, you may be able to win by default.
In addition, some consumers working on their credit report have seen another negative credit record or two disappeared. Usually some progress is made each time you challenge. Remember, the credit bureau would like you to quit bothering them because if you aren't disputing the credit report, they can legally continue selling it as profitable information.
To obtain the excellent credit report service, correct your credit, get FREE online Credit Report, make your Credit Score higher or avoid becoming a Victim of Identity Theft visit Legal Helper website ( http://www.legalhelper.ws/credit-report.aspx ).
Your credit score is important for obtaining credit. Your credit score is important to know, whether you need a new credit card, an auto loan, or a mortgage. Lenders use your credit scores to decide whether you are a good credit risk. If you have a high credit score, you are more likely to obtain the best rates.
Jeffrey Broobin is a free-lance writer on family and finance issues; his main goal is to help people during their complicated period of life.
Website: http://www.legalhelper.ws
jeffreyb@legalhelper.ws
NOTE: The opinions expressed in this article are the author's own and do not necessarily reflect the opinions of this website or Brokerforyou/Promotions Unlimited.
Disclaimer: The information provided in this article is general information on the legal issues presented and should not be regarded as a substitute for individual legal advice from an attorney.
The above article is presented as a community service with the permission of the author.
Disclaimer
The information presented in this web site is of a very general nature, provided for general informational purposes only. It should therefore not be relied upon to address individual legal concerns, as each client's situation differs. Because each situation is different and the law is constantly changing, you should consult with a Lawyer well versed in this field. The benefits and risks of taking or not taking any legal action can be assessed only after consultation with a Lawyer. By providing the information in this web site, we do not intend to any make any promises or give any assurances about the outcome of your individual situation, and none should be presumed. Prior to retaining a lawyer, one should check with The State Bar. Any information provided or contact received from this web site does not constitute a client/Lawyer relationship.
Disclaimers:
The information provided on this website is not intended to be legal advice or real estate advice, but merely conveys general information related to legal/real estate issues commonly encountered. Your access to, and use of this website, is subject to additional Terms and Conditions.
Editors Note - If you are seeking legal assistance, a real estate agent or broker is not the person to advise you! For qualified legal advice it is best to seek the guidance of a local California attorney. As a service to our readers seeking California legal advice, we have listed below a few legal directories that list California lawyers by the area of legal specialization. Plus, each directory provides numerous legal articles for reference. As laws are always changing and every person's individual circumstance differs, one should seek out the best qualified local legal assistance prior to making decisions that could prove to be very costly. Local city codes, state laws, and Federal laws can be quite complex. Proper, current legal advice, directly from an attorney could be considered prudent insurance for any major decisions. Many California attorneys do not charge for an initial consultation.
Some California legal advice sources are: San Diego attorneys - This legal directory is one of the most visited in the State. Los Angeles lawyers
Orange County attorneys - "Injured people with lawyers receive 3.7 times more than injured people without lawyers" Insurance Research Council National Survey of auto injury claims - Riverside lawyers - San Bernardino attorneys - San Francisco lawyers - Oakland attorneys -
Bay Area lawyers - "The United States is a nation of laws: badly written and randomly enforced." Frank Zappa
San Jose lawyers - Sacramento attorneys - Fresno lawyers - California attorneys - legal advice directory - San Diego lawyers articles
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