Jim J asked:


I need to disupute incorrect info on my credit report but the toll free # listed want me to buy another credit report. How can I not purchase another report and file a dispute?

Anne

fradykat asked:


I need to disupute incorrect info on my credit report but the toll free # listed want me to buy another credit report. How can I not purchase another report and file a dispute?

Maria

carrox asked:


I recently paid off 2 major debits & the collection companies sent me letters saying that I have paid my debuts they told me I can send them to the 3 Credit bureaus so they can take it off my report, how do I go about doing that? Please help I want to boost up my credit score.

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newtobigd78 asked:


My credit report shows an old delinquency that is due to expire in April under the 7-year rule. Is there any way that I can get this removed by the credit bureaus 2 months early or do I have to wait for an exact date and time?

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Mike Clover asked:


To get collections removed from a credit report there is a process to follow. There is also a big misconception out there that you can get collections removed that you owe. Yes you can get collections removed but there is seasoning requirement in order to get them removed. In this article we will discuss what can and can’t be removed from your credit report.

Get a copy of your credit report with credit scores

If you want get collections removed you obviously need to know what is being reported on your free credit score report. You also need to make sure you pull a 3-1 credit report with all 3 of your credit scores. Once you have done this then you can determine what you need to start disputing. I see a common problem all the time, and that problem is people disputing information they owe. That does absolutely no good unless the original collection date has expired per the Fair Credit Reporting Act (FCRA). Here is list of when certain collections will expire and are to be removed from your credit report by law.

Derogatory expirations guidelines:

* Chapter 7 - 10yrs

* Chapter 13 - 7 yrs

* Tax Lien - Until paid off

* Child support - Until paid off

* Collections - 7yrs

* Chare Offs - 7 yrs

* Late payments - 7yrs

* Inquires - 24 months

* Foreclosure - 7 yrs

* Repossession - 7 yrs

* Judgments - 7yrs

*Expirations date starts ticking from the original collection date.

Dispute expired items on credit report

Once you have reviewed what derogatory information on your credit report is inaccurate, make sure you highlight those items on your report. Determine which collections, late payments, charge off, etc….. are set to expire or have already expired. Now you can start the on-line disputing process. I am personally a fan of disputing on-line for the simple fact that it is faster and easier. The credit bureaus will be able to verify the original collection date after you dispute. If the bureau finds you are correct they will remove the derogatory remark. This will start increasing your credit scores. If the collection has not expired don’t dispute it, you are wasting your time. The collection will not be removed unless the expiration date has expired. Folks it’s really that simple. There is no quick way to get bad credit removed. Just remember if you are late on a obligation you can expect your credit score to drop around 150 points, and the negative mark will be on your credit report for 7 yrs. So with all of this being said, make sure you pay all your bills on-time.



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Mike Clover asked:


it score report can be affect by more than your available credit history. We talk about how credit cards, mortgages, car loans, and any type of loan that reports to all 3 credit bureaus will affect your credit score. We don’t always talk about utility companies and how they can have a negative impact on your credit report. Here are utility companies I like to consider non-creditors. In other words these companies don’t give you a line credit, they just provide a service.

Utility companies

- Phone companies

- Electric companies

- Security companies

- Cell phone companies

- Water companies

- Gas companies

- Cable companies

- Internet Companies

Let’s assume you are having a tough time currently, and you stop paying your cable bill. The cable company will give you a little time to pay off the debt for service rendered, but will eventually turn that debt over to a collection company. The collection company in return will report that obligation to the 3 credit bureaus wanting their money. This is how it works with any of the companies mention. Once this collection reports to the credit bureaus your credit rating just dropped about 100 points. Utility companies on the other hand don’t help your credit when you are in good standing, but will also hurt your credit score if you don’t pay. Once the collection hits your credit report, and you finally decide to pay off the collection, the collection will be on your credit report for 7 years. 7 years of negative information will be on your credit report. If you don’t pay the collection, the collection company can sell the collection repeatedly to different collection companies which will ultimately drive down your credit score even more.

Pay your bills on-time

If you get behind, call your creditors immediately and work out a payment arrangement with them. They will typically work with you, especially during tough economic times. A creditor or utility company would rather get some form of payment versus nothing. If you don’t pay your bills including utility bills it will affect your credit score report. With lending getting extremely tough currently, your credit scores are more important than ever. If you have credit issues, the banks may look at your credit history as too big of a risk for there portfolio.

Don’t assume if you don’t pay utility it will not affect your credit. Because it will affect your credit, and will not go away until you pay it off. If you are unsure what is on your credit report, get a copy of your free credit score report today.



credit report

Amy Gordon asked:


Personal credit report is not any document unlike your bank statements. It in fact is a tool which assists you to keep a track of all your financial activities and credit stand. The report it self is a testimonial of all your past financial dealings and the payments. Free personal credit report too is meant to provide details about your prevailing credit stand and that too for personal use. What more, you get to access this report without paying any fee.

The 3 credit bureaus namely, Transunion, Experian and Equifax are responsible to provide credit report in accordance with the federal law. These bureaus derive the information about your financial activities from the various merchants and lenders with whom previously you had any dealing. This way, all the information is collected, which is then put together and presented to you in a simplified manner.

There are chances that you may find various irregularities and errors in your credit report, such as mentioning of a payment that you have already made, which is now shown as pending. These irregularities are potent enough to disrupt your financial opportunities. This is where your personal credit report can be of great help, as it will enable you to check the inaccuracies in the credit report and make appropriate changes to the same. It also redefines the way; you usually follow about your financial dealings and help you to maintain your financial well being.

A personal credit report is an important document, which keeps a track on all your credit and ensures that you are able to use it in an appropriate manner. This report also comes in handy while going for credit cards and even future jobs.

As of now, there are various online websites from where one can access free personal credit report in an instant. To access the report, all that you have to do is to register online by providing all the necessary details. You are not required to pay any nominal fee as it is free of charge. Besides, you get to access the report from any location and that too at any point of time.



Teresa

James Peter asked:


In the competitive world, one may wish to get something free of cost. Although not everything could be free but a credit report could be. In accordance to the Federal Law, you could obtain free annual credit report from any of the 3 bureaus, liable to formulate it. Credit report is an important financial document which shouldn’t be undermined.

Credit report presents an important piece of document that recapitulates your finances, and allocates you a score. These scores places you in categorizes such as excellent, good, or bad credit history; in accordance to your specific financial standing. Its importance lies more in the fact that the creditors rely upon these records while determining the terms and rates on the borrowed amount. In short, this financial report forms the basis to examine the state of affairs of the borrower.

Several online services providers have sprung who claim to offer them free of cost. This might appear to be some kind of a trick to rope in consumers, but this is not the case. In accordance to the Federal Law, one can access free credit report and check free credit scores from all of the 3 credit bureaus namely TransUnion, Experian, and Equifax on a yearly basis. In this state of affairs, free annual credit report online could be an ideal alternative that one can go for to go through his or her reordered financial dealings.

Online accessibility to a free annual credit report can thereby be a beneficial option that could be availed from any location without actually moving from one place to another. Amidst other benefits, is that because it would be online, you can evade the thereat of some one else taking a sneak peek from your mail. The applauded benefit of this approach is that it is not tagged with a price, and thereby it doesn’t hurt your budgetary limitations.



Lydia

Chane Steiner asked:


Credit report repair is commonly referred to as the process of disputing negative items in a credit report. Under the Fair Credit Reporting Act, consumers have the right to request an investigation with the credit bureaus for any item on their credit report. The credit bureaus and the original furnisher of the information must investigate the claim within 30 days and report their results back to consumers.

It’s important to point out that the credit bureaus are for-profit organizations and possess no government affiliation. They profit off the sale of your private information and from selling your information to you. Only after the Federal Trade Commission came up with a set of regulations passed in 2003 were consumers able to receive one free credit report a year.

The FCRA also had to regulate how long negative information, such as late payments, bankruptcies, tax liens or judgments may stay on a consumer’s credit report. It’s typically seven years from the date of the delinquency. The exceptions: bankruptcies (10 years) and tax liens (seven years from the time they are paid). Unpaid tax liens can remain for up to 15 years. Although, 7 to 10 years is a long time to stay on a report, the credit bureaus would report it for much longer, if not forever, if it weren’t for the FTC stepping in.

When a consumer makes a dispute with the credit bureaus, the credit bureaus do not interact with information providers (typically creditors) directly. They use a system called E-Oscar. E-Oscar is an automated consumer dispute verification process. The credit bureaus demand that everyone who provides information to them be on this system. If you don’t get on the system, you CAN NOT provide information to a credit bureau.

The E-Oscar system allows credit grantors to resolve disputes in a timely manner; however the results are commonly inaccurate. In fact, a study by the U.S. Public Interest Research Group found that 79% of all credit reports contained errors. With E-Oscar the credit bureaus NEVER send the original creditor the information you provide them. Instead, an employee scans your letter along with hundreds of others.

The employee is given a very short amount of time to figure out what you are trying to dispute and then gives your dispute a code. It is then verified with E-Oscar. Any documentation that you sent which proves the information is erroneous or any information that you provided simply gets filed away, incase you should sue them. It’s rarely ever even looked at.

Under § 602 of the Act, (15 U.S.C. § 1681), a consumer may seek a maximum of $1000 in statutory damages, plus actual damages, punitive damages and reasonable attorney’s fees and costs for willful noncompliance with the FCRA. Any consumer may file suit in state or federal court to enforce the FCRA. Consumer lawsuits against credit bureaus are becoming more and more common and most of the time the consumer wins. Unfortunately, a lawsuit is what it takes to get issues solved with the credit bureaus.



Paula

Gobbledygook asked:


I think I’ve heard that credit inquires(for seeking loans,etc.) of the 3 credit bureaus results in lowering the score and is cumulative. The more inquires such as home buying, auto purchase, major appliance or personal loans the lower the score goes each time. If this is true, does it also apply to personal requests for the free annual credit report?

Jessie