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How to remove false
credit information on credit report
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False credit
information can occur due to human error, identity theft and
etc. The most common error is late payments. Remember you have a
certain amount of time to dispute all inaccuracy on your credit report. Remember
only negative info can be corrected items.
- Get a copy of your credit report. Call
each credit bureau listed below since more than one agency may have a file
on you, some with different information.
- Tell the credit reporting agencies in
writing what information you believe is inaccurate.
- They must reinvestigate the in terms
in question -- usually within 30 days, unless otherwise.
- Remove any inaccuracies.
- Below is a sample letter to write to
correct any errors.
- Send letter certify mail.
- When the reinvestigation is complete, the agencies
must give you the written results and a free copy of your report if the
dispute results in a change. If an item is changed or removed, the agencies
cannot put the disputed information back in your file unless the
information provider verifies its accuracy and completeness, and the agencies
gives you a written notice that includes the name, address, and phone
number of the provider.
- Accurate negative information can
generally stay on your report for 7 years. There are certain exceptions
- Information about criminal convictions
may be reported without any time limitation.
- Bankruptcy information may be reported
for 10 years.
- Credit information reported in
response to an application for a job with a salary of more than
$75,000 has no time limit.
- Credit information reported because of
an application for more than $150,000 worth of credit or life
insurance has no time limit.
- Information about a lawsuit or an
unpaid judgment against you can be reported for seven years or until
the statute of limitations runs out, whichever is longer.
- Thing you should know about credit repair
companies.
- Never fall into a credit trap, follow money.com
budget and top 10 things to know about making a budget for financial
freedom.
- How
lenders use your credit score
Credit scoring factors in your income and
education as well as your credit history. You may never know your
score, but you should know if you’re seen as a risk.
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Sample
Dispute Letter — Credit Bureau
Date
Your Name
Your Address
Your City, State, Zip Code
Complaint Department
Name of Credit Bureau
Address
City, State, Zip Code
Dear Sir or Madam:
I am writing to dispute the following information in my file. The
items I dispute also are circled on the attached copy of the report
I received. (Identify item(s) disputed by name of source, such as
creditors or tax court, and identify type of item, such as credit
account, judgment, etc.)
This item is (inaccurate or incomplete) because (describe what is
inaccurate or incomplete and why). I am requesting that the item be
deleted (or request another specific change) to correct the
information.
Enclosed are copies of (use this sentence if applicable and
describe any enclosed documentation, such as payment records, court
documents) supporting my position. Please investigate this (these)
matter(s) and (delete or correct) the disputed item(s) as soon as
possible.
Sincerely, Your name
Enclosures: (List what you are enclosing.)
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Sample
Dispute Letter — Credit Card Issuers
Date
Your Name
Your Address
Your City, State, Zip Code
Your Account Number
Name of Creditor
Billing Inquiries
Address
City, State, Zip Code
Dear Sir or Madam:
I am writing to dispute a billing error in the amount of
$______on my account. The amount is inaccurate because (describe the
problem). I am requesting that the error be corrected, that any
finance and other charges related to the disputed amount be credited
as well, and that I receive an accurate statement.
Enclosed are copies of (use this sentence to describe any
enclosed information, such as sales slips, payment records)
supporting my position. Please investigate this matter and correct
the billing error as soon as possible.
Sincerely,
Your name
Enclosures: (List what you are enclosing.)
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Source for remove credit info http://www.ftc.gov/bcp/conline/pubs/credit/crdtdis.htm
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