Credit repair, when done properly, is an important part of your financial future. Repairing a low or poor credit score will help to increase your financial options, lowering current interest rates and helping you save money on existing loans or credit cards.
In the court system, you are presumed innocent until proven guilty. However, in the credit system, it may feel as though you are guilty until you prove your innocence.
Thankfully, the law gives you the right to dispute any credit listing on your credit reports that you feel may be inaccurate, untimely, misleading or unverifiable (questionable items). If a credit bureau can't verify the accuracy of a disputed listing, then it must be removed from your credit report.
The Fair Credit Reporting Act (FCRA) gives you the right to accurate credit reporting. Exercise that right by having your questionable credit listings either verified as accurate or removed from your credit reports according to the law.
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Because the credit bureaus collect and distribute your personal information, you have the right to check that what they are distributing is in fact correct. By law, you are allowed one copy of your credit report from each of the big three credit bureaus annually. For a nominal fee you can also obtain reports with credit scoring just as mortgage and automobile companies receive by going to any of the following: |
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