If you are thinking about buying a home, one of the first factors to consider is whether your credit score is adequate. You should regularly request copies of your credit history to keep an eye on your score. As a credit report lawyer in Ashburn can explain to you, you are entitled to receive one free copy of each of your credit reports every 12 months under consumer law. Your credit lawyer will advise you to carefully review each report to see if there are any errors that might be adversely affecting your score. If so, a credit report lawyer at a consumer protection law firm can help you correct these errors.
You can also use your credit reports to find ways of improving your score, such as paying off old accounts. Watch this video to discover how high of a credit score you may need to obtain a mortgage. This financial advisor explains that the ideal range can vary depending on the type of lender and the amount of the loan.
Consumer law in Alexandria provides for the right to request a free copy of a person’s credit reports every 12 months. This applies to all three of the major credit reporting bureaus, which are Experian, Equifax, and TransUnion. It is highly advisable to take advantage of this free service to keep track of your credit history and fix any errors as quickly as possible. If you do notice inaccurate information on your reports, you can contact a credit report lawyer for assistance. A credit report lawyer can help you restore your financial credibility.
Incorrect Identifying Information
One of the most common credit report errors involves incorrect identifying
information. These errors will not always affect your credit score. For example, one or more of the credit reporting bureaus may list your address incorrectly. A more serious error is known as a mixed file. This refers to the inappropriate mixing of information among different consumers’ files. For example, if your name is John Anderson Roberts, your credit report might inaccurately list information from the file of John Anderson Robertson. It is important to scrutinize every detail of your credit report, from your middle initial to your employment information to your Social Security number. Bring any errors to the attention of your credit report attorney.
Inaccurate Account Information
Your credit report lawyer can help you resolve inaccurate account information that may be adversely affecting your credit score. These errors may originate from the credit reporting bureau or from the furnisher, also known as the creditor. Some examples of inaccurate account details include listing closed accounts as open and incorrectly listing accounts as late or delinquent when they have been paid on time. The report may provide an inaccurate date of last payment, date of first delinquency, or date on which the account was opened.
Erroneous Data Management
Another common problem that a credit report lawyer can help you resolve stems from improper data processing or data management. A data processor may have re-entered incorrect information after this information was already corrected. An account in collection may be listed multiple times with various creditors. Or, the report may contain information that should no longer be listed, such as a debt that is older than seven years.
If you are the victim of identity theft, the road back to restoring your credit can be long and frustrating. If the worst does happen to you, an identity theft attorney in Washington DC can make the process of filing a credit report dispute and restoring your reputation easier. However, you can also take steps to prevent theft before it occurs. Make this year the time you get serious about protecting your credit with these steps.
Update Your Passwords
Your passwords are your front line of protection against identity theft. If your passwords are easy to guess, it is time to change them. Stay away from typical password options such as your birthday, your child’s name, or your street address. Instead, create a password that you can remember but others may not
associate with you. Avoid using security questions that others could easily answer, and create a unique password for each one of your accounts so that other accounts are protected if one is compromised.
Consider Online Services
Paper statements from financial companies can make it easy for identity thieves to steal your information. By simply picking up your mail or looking through your discarded paper, someone could gather information about you that lets him or her steal your identity. You can have more protection by utilizing online services for financial transactions. If you must use paper statements, find out when they are usually mailed so you know when to expect them. Also, be sure to use a paper shredder before discarding any financial records.
Check Your Credit Report
Identity theft can occur without you noticing any changes until you apply for credit. Prevent this surprise from happening to you by checking your credit report often. If you do notice discrepancies, contact an identity theft lawyer. An identity theft lawyer can help you navigate the process of disputing false information and correcting damage that has been done to your credit.