Under the Fair Credit Reporting Act you have the right to request a copy of your credit report from each of the three major credit reporting bureaus once every 12 months. The annual reports are free of charge. Reviewing one of your free credit reports every three or four months allows you to quickly detect any erroneous information that may adversely affect your credit score and your ability to obtain lines of credit. If you do find an error, you can contact a credit report lawyer in Fairfax to assist you with any inaccurate credit report items.
Submitting a Credit Report Dispute Letter
Your credit lawyer can review your credit report dispute letter that you intend to send to the credit bureaus. The dispute letter should clearly identify the erroneous information and concisely explain why it is inaccurate. It should state that the inaccurate information should be removed or corrected. A credit report attorney will recommend that the dispute letter is accompanied by all necessary documentation to support your claim. For example, it may be a good idea to enclose copies of your credit report, account statements, or receipts. Do not send original documents. Your credit lawyer will advise you to mail the dispute letter via certified mail, return receipt requested. Be sure to sign your dispute letter and keep a copy of the dispute letter for your records.
Contacting the Furnisher
The furnisher is the creditor or other entity that reported the erroneous information to the credit reporting bureau. You may submit a similar dispute letter to the furnisher with copies of your credit report and supporting documents, but do not fail to send a notice of dispute to the credit reporting agencies as you need to notify them to protect all of your rights.
Receiving Written Notices
Credit reporting bureaus are required to investigate disputes within a reasonable time period. Usually, this is 30 days. Likewise, the furnisher must investigate the dispute and report its findings to the credit bureau. Sometimes credit reporting agencies send consumers a letter stating that a credit dispute is frivolous, suspicious, or irrelevant. If you receive a letter like that after initiating a credit dispute, you should contact a credit report lawyer immediately. After investigating the information, the credit reporting agency will send you written notice regarding its findings.
There are many different types of credit report errors that can adversely affect your credit history and score. It is not uncommon for a credit report lawyer to discover that a client’s credit report contains information from another person’s file. Occasionally, two separate files may become an inaccurate mixed credit file. This is a serious problem that often requires the intervention of a credit report lawyer.
When your credit report is mixed up with that of another person, it is possible that your credit score will be reduced. The other person’s file may contain a history of late payments, defaulted accounts, collection actions, and other information that may jeopardize your own credit score. This can create problems when you need to take out a line of credit, purchase a new car, or become qualified for a mortgage. The most effective way to deal with this problem is to seek the counsel of a credit report lawyer who is well-versed in consumer rights. A Fair Credit Reporting Act law firm can protect your financial interests and your good name.
It is advisable to check your credit reports regularly and to promptly submit a credit report dispute near Fairfax if you detect any errors. You have the right to consult a credit report lawyer for Fair Credit Reporting Act guidance. One common mistake people make when submitting a credit report dispute is failing to sign the document. Always sign the letter and type your name below your signature. Make sure to include all documents supporting your dispute as to why you have an inaccurate credit report in Fairfax. Additionally, send the letter via certified mail with a return receipt request.
For more information on writing a credit report dispute letter, watch this video or consult your credit lawyer. This video discusses which information you should include, such as the contact information of the creditor associated with the error. It also provides a sample statement for describing erroneous information.