About Credit Report Dispute

The Federal Trade Commission has formulated and implemented Fair Credit Reporting Act (FCRA), a federal law of the United States in 1970. This act, along with the Fair Debt Collection Practices (FDCPA) is the basis of the credit rights of consumers in the United States.

State FCRA, distribution, processing and use of consumer information, including information on consumer credit. These credit reports are compiled by three credit bureaus. Theycontain information about you and how you pay your bills. You can send a report to the FCRA should find any discrepancies in the report.

They are legally entitled to a free copy of credit report from each credit agencies every year. You can buy a copy of the report and carefully evaluate the errors. FCRA gives you the right to challenge any information that is wrong in the relationship.

How to submit a dispute credit report

Firstmust notify the Office and the information provider for any wrong information written.

All documents supporting the report should be included with your conflict. You may include photocopies of supporting documents and retain the original for future reference. These documents may include bank statements or canceled checks and / or any other financial document of the species.

In its report, your name, complete address, the information that is disputed and the reasonsWhy difference. Send your dispute via certified mail, return receipt provide sufficient proof of delivery of the statement as we got to the office.

What will the office do?

E 'is mandatory for the Office to examine the complaint and response in 30 days with the results of investigations. The office sends all reports submitted to the information provider to verify. If there is any change in your credit report after this, the Bureauwill send you a free copy of your report. You can ask to send a copy of the correct relationship to companies access to your credit report in the last six months.

It is worth noting that if your credit report is incorrect in a report of the Bureau will have incorrect information in the two other offices too. Then, you should contact the other two offices to get them corrected reports.