Credit Reporting

Clearly identify each item in your report that you dispute, explain why you dispute the information, and request a reinvestigation. If the new investigation reveals an error, you may ask that a corrected version of the report sent to anyone who received your report within the past six months. Job applicants can have corrected reports sent to anyone who received a report for employment purposes during the past two years. When the reinvestigation is complete, the credit bureau must give you the written results and a free copy of your credit report if the dispute results in a change. If a data is changed or deleted, the credit bureau can not put the disputed information in your file unless the information provider verifies its accuracy and completeness, and the agency Credit given written notice that includes the name, address and telephone number of the supplier. You should tell the creditor or information provider in writing that an item is disputed. Many providers specify an address for disputes.

If the provider then reports the item to any credit bureau must include a notice of your dispute. Also, if you are correct, that is, if the information is inaccurate, the information provider may not be reused. If the reinvestigation does not resolve your dispute, have the credit bureau include your version of the dispute in your file and in future reports. Remember, there is no charge for a reinvestigation of your credit report. Negative information Credit Reporting accurate negative information generally can be reported for seven years, but there are exceptions? Bankruptcy information can be reported for 10 years? Information reported because of an application for employment with a salary of more than $ 75,000 There is no limit of time? Information reported because of an application for more than $ 150,000 in credit or life insurance has no limit? Information concerning a lawsuit or a sentence against him may be reported for seven years or until the statute of limitations, whichever is longer, and? Default information concerning U.S.

Government insured or guaranteed student loans can be reported for seven years after certain guarantor actions. It’s worth seeing your credit report, check your credit score and correct any inaccuracies, which in turn will give greater power to leverage. Visit the following website now for more information.

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