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How To Increase Your Credit Rating Score By Means Of Disputing Errors On Your Credit Score
Here is the favourite way to increase credit score - challenge errors and inaccuracies on your credit report.
It does work, however , you need to know what you are doing if you want to take this route. Let's take a look at the various things that you need to remember when you do this to repair credit score.
Firstly, you need to acquire a copy of your credit file. It is a well known basic fact that you can get one free copy of your credit report from each of the three credit reporting agencies per year. You need to request this through the particular website made available for this purpose. Do not be fooled by other places that promise to get your report for you for free or for a small fee; or claim to be this specific website but have a totally different spelling or domain extension.
Once you have obtained your credit report you must study it for errors and inaccuracies. But please note, you are only really concerned with the Credit History part of the report. You want to investigate this section carefully for faults with regards to names, dates and amounts.
Here are some tips with regards to the approach that you should take in this procedure:
1. Do not bother to improve anything that is incorrect but will not raise your credit score. For instance, the account type might be incorrect but regardless of that the information about the amounts and the dates payments were made are correct. In this case, you do not need to make an issue out of this since the problem is that it will not really make a difference to your report and you may just run the risk of the claim being dismissed as 'frivolous'. In this case, they could reject ANY claim made by you for the next year as being frivolous and this is definitely not the desired outcome.
2. Make 100% certain you have the proof to back up your claims in the event of any mistakes. For example, there might be accounts there outlined as still open (with balances against them) when in fact they have been cleared already. Make COPIES of your proofs and send in the copies with your letter. Never send in the originals! If you don't have proof then you definitely should consider whether you should go through the effort of raising the problem. The problem once again is that they can write off your claim if you do not have proof.
3. Make sure that you do not make use of a form letter, a letter format copied from the internet, or a letter format that you purchased from a credit repair company whenever you state your case. They receive plenty of letters in these formats and they will probably ignore your request or inform you that the information that they have is accurate and that nothing needs to be done on your credit ranking.
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