Let’s give some tools for yourself (a) repair your credit history.
You know the first thing to do is make sure that what appears on your credit history is correct. Read here our article on how to request your free credit history once a year.
If you find errors in your credit history such as:
Errors in identification: name, address or phone
Accounts that are not yours
Accounts and payment (hill) but appear still open (with balance)
Accounts that you have paid on time and appear as late or delinquent
The same account appears several times with different companies (this happens a lot with bone criminals those already sent to collectors – collections)
Debts of more than 7 years and should have already disappeared from your credit history.
Accounts with the wrong balance
Accounts with credit limit incorrect
You must correct them immediately. Each of these errors takes away points to your credit score.
Errors in the credit report? To do to correct errors:
Unfortunately, it takes time to correct mistakes. And you can not rely on companies that are committed to correct them. So you say they’re going to do. You have to make sure to document the corrections. Do not trust that others will do what they promised it …
Contact the company that reported the error to your credit history:
The company that sold the product or pay the servicion. Contact phones must be in their receipts or look for them online. Inform error reporting your credit history and ask to have it corrected. Also have evidence that your statement or balance.
That statement will show the correct balance and other information you consider important to your credit. Many times you can see your receipts and statements online accounts.
Contact the 3 credit bureaus:
You can do this in several ways. Electronically by going directly to the websites of them. Here I give you the link of each of the three credit reporting companies. Copy them into your browser or click on the link.
Equifax: https://www.ai.equifax.com/CreditInvestigation/home.action. Link a dispute with Equifax here
Transunion: https://www.transunion.com/credit-disputes/dispute-your-credit. Link a dispute with TransUnion here
Experian : https://www.experian.com/disputes/main.html. Link a dispute with experian here
Have ready documents (statement) that prove that you are “right” . If an account already paid and the company does not give you back your balance or for any reason does not test can send copy of payment (bank statement, canceled check image, etc.).
Send all explained and documents that prove what you say either. Try to use short, clear sentences. Employees do not have the time or patience to read long and complicated explanations.
An example of Dispute:
Error: The xyz company reports that my balance is $ 50 but already fully paid.
Xyz call and ask to correct the error with the credit bureaus. We asked the statement or go to the website to download the statement with balance $ 0.
2. Then go to the 3 websites of credit card companies and report the error.
In the explanation we wrote:
My account 1234 With XYZ has an error in the reporting
The balance is $ 0
I was never late. I paid the full amount with my credit card in 01/01/2016
I am attaching proof of the balance and payment
Please the late payment removed from my credit report
And then we got the documents proving that what we say is true.
Wait 30 -45 days for agencies to process your dispute
These steps are those that have to do for each of disputes.
The credit bureaus will read and investigate their documents and explanation and 30-45 days will make a decision: correct information, ask more documents or explanations or deny the request. Be sure to send the necessary documentation to you quickly correct the errors.
If you can not ask them to correct the errors on the website (do not give you access to dispute system, etc.) can send a letter by certified mail. Be sure to correctly identify (full name, address, social security number, date of birth, etc.).
Contact Because I made the mistake and agencies?
It seems we’re doing double work, calling those who reported the error and the credit bureau to fix it. Why?
Many times companies (employees) are very busy and “help” with our problems is not a priority for them. The probability is high that not contact the credit bureau.
Many times companies have an error in your documents and if we do not tell them to correct it when the credit bureaus contact them to ask if the bill is wrong they will say no. And agencies will deny the dispute.
Remember when you correct a mistake must do so with the 3 credit bureaus. And do it yourself (a) do not wait for banks or other companies do.