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Tips to file a credit report dispute

By Ruth Racey
Published: Tuesday, June 1st, 2010

Most people feel that it is important to get their credit report once a year since this allows them to check if there are any inaccuracies in the report. These reports are very important since on the basis of these reports your credit scores are calculated. This article will provide tips that will be helpful for filing and credit report disputes.

Keeping Records of Your Own Payment History

When you get your credit report it is very important to tally it with your own payment records. If you have collected bills or receipts then these documents will help you tally the report to your own details. If you are in doubt at any time then you should double check before filing any disputes. The Fair Credit Reporting Act allows all consumers to file a dispute in case the report has any mistakes.

Three Helpful Credit Report Dispute Tips

The first tip is to keep a copy of your report while you file your dispute case. It is always beneficial to photocopy two or three copies of your report and keep it with you at all times. If you have statements of bank accounts then you should keep photocopies of those documents too. You should also keep photocopies of loan statements, credit card statements and cancelled checks. You will not be asked to submit originals of these documents but it is always helpful to keep a few photocopies with you.

The second tip is to submit all these photocopies along with the photocopy of the credit report to the authorized company. You should send all these documents via certified mail and request a return receipt. The Credit Bureau will reply to your mail within 30 days. The third tip is to ask them to send correction notices to any companies that you deal with and to send you the corrected credit report as soon as possible.

It is extremely important to get any mistakes corrected as soon as possible since the credit report is considered very important when your credit score is calculated. In case you do not get a reply from the Credit bureau within 30 days you will have to contact them again to make sure that they are investigating the matter. You will have to send the certified mail to one of the three authorized companies, Equifax, TransUnion or Experian since these 3 companies are the only authorized companies to correct any mistakes in credit reports.

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