Numerous credit consumers have to face rejection from financial institutions owing to credit errors which were not caused by them. It is therefore important to repair your credit report and improve your score as soon as possible. Alison had a credit card with a credit institution. Although Alison had been very regular with her payments, owing to a system error, her payments were not recorded and were being credited to another account. Her account showed defaults for over two and half months. Alison was completely unaware of this, till she applied for a
Don’t reckon yourself alone if you have recently found that you need to dispute credit report errors. Result of a study shows that there are errors on almost 75 percent of credit reports and one out of four credit reports have such errors as cast negative impact on your credit score. It’s a fact that credit report agencies have to manage data for millions of people daily they rely on creditors and lenders to get precise information. But the Fair Credit Reporting Act serves to protect your best interest as a consumer. It mandates that if there
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