Resuming 6 Tips for Recognizing & Correcting Credit Report Mistakes (Pt. 1), here we will continue to point out some ways in which people can identify and repair their credit report mistakes.
More Ways to ID & Repair Credit Report Mistakes…
Tip 3 – Look for credit report mistakes in the details of your credit history.
Often, the credit report mistakes that can have the most severe impacts on a person’s credit score are those associated with the credit history information. For instance, details like late payments, overdrawn lines of credit, etc. can cause credit scores to drop.
To determine when such credit report mistakes may be a problem for you, carefully go over the details of your credit history. Figure out whether:
- The amounts of the debts listed are correct
- The listed creditors are correct
- There may be any debts lists that you have already paid in full
- There may be any debts lists that you did not incur on your own.
When you identify these types of credit report mistakes, you may need to contact the creditor and/or the credit report bureau (or both), depending on the nature of the error.
Tip 4 – Contact the creditor associated with the credit report mistakes.
In the event that the credit report mistakes you’ve identified are associated with any of the following, you should generally contact the creditor associated with the specific debt to get the error on your credit report resolved:
- The wrong amount of debt is listed.
- Payments you’ve made recently towards the debt do not appear to have been credited to your account.
- The account is showing that you have been late on a payment when you have, in fact, not.
- The account is appearing to be delinquent even though it isn’t.
- The account is appearing active when it should be closed.
- You did not open the account or accrue the debt associated with it.
While you can contact the creditor by phone, you should also be aware that you may have to send a thorough written statement in order to get these credit report mistakes resolved. In these statements, you will typically have to explain the mistake and how it should be fixed. Although creditors may open up their own investigations into your claims about the credit report errors, ultimately, they should issue you a written statement regarding their findings/actions.
Be sure to look for the upcoming conclusion to this blog series for some final tips for identifying and correcting credit report errors.
Denver Bankruptcy Lawyer at Lindquist-Kleissler & Company, LLC
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