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Credit Ratings
Correcting Errors
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3 of 3 Credit
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Your credit report reflects information reported to the credit
bureaus by each of your creditors.
Sometimes credit reports are inaccurate and when they are you
have the right, under the Fair Credit Reporting Act, to
dispute the completeness and accuracy of this information.
This law also specifically defines who may access the
information in your credit profile, and how you are notified of this
activity.
If your request for a loan has been denied due to information
contained in your credit report, you are entitled to receive a free
copy of the report within sixty days of denial.
If the credit reporting agency cannot verify a disputed item,
it must delete it. Additionally,
if your report contains incorrect or incomplete information, the
credit reporting agency must correct it or complete it.
Also, at your request, the credit reporting agency must send a
notice of correction to any report recipient who has checked your
file in the past six months.
For those items in your credit profile which you feel deserve
further explanation (such as an account that was paid late due to
the loss of job, military call-up, or unexpected medical bills), you
may send a brief statement to the appropriate credit reporting
agency. The information will be placed on your credit profile and
will be disclosed each time your credit profile is accessed.
Accessing Credit Reports
Each credit bureau keeps its own records.
A small fee is sometimes charged when a request is made for a
copy of the report however some states now require credit bureaus to
furnish credit reports for free or for a discount.
For more information or to obtain a copy of your credit
report, contact the following credit bureaus directly:
Equifax: (800) 685-1111
· equifax.com
Trans Union: (800)
916-8800 ·
tuc.com
Experian: (800)
682-7654 ·
experian.com
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