What to Do When a Negative Item on Your Report is Confirmed Yours
Posted in Finance on 07/18/2010 11:50 am by
Tony Banks asked:
It is expected that you write the credit bureau when you discover negative information that doesn’t belong to you on your report. But what do you do when your bureau insists that the information is yours?
Credit bureaus have a maximum of 30 days to investigate a negative report when requested by a client. If you have issues with the result of your request e.g Bureaus Insist that a negative information/account is yours, all you need to do is write a letter to your original information furnisher requesting them to investigate the negative information in your credit report.
You are to inform your information furnisher that you have previously written a similar letter to the credit bureau and the account is claimed to be yours hence your request of a another investigation.
It would be in your favor to remind your furnisher that your request is legal under the Fair and Credit Reporting Act. Also request that if the account reported negative is found incorrect, the information should be passed to the credit bureau with a requesting that it be deleted from your report.
It is your right to take legal actions if a correction is not made, therefore you can inform the furnisher of this within your letter.
The truth is that not many people know about this method. But a single letter to your information furnisher can be the solution to repairing your credit report. Also inform them that you want to see the prove that was used to verify the account to the credit bureaus.
Ashley
It is expected that you write the credit bureau when you discover negative information that doesn’t belong to you on your report. But what do you do when your bureau insists that the information is yours?
Credit bureaus have a maximum of 30 days to investigate a negative report when requested by a client. If you have issues with the result of your request e.g Bureaus Insist that a negative information/account is yours, all you need to do is write a letter to your original information furnisher requesting them to investigate the negative information in your credit report.
You are to inform your information furnisher that you have previously written a similar letter to the credit bureau and the account is claimed to be yours hence your request of a another investigation.
It would be in your favor to remind your furnisher that your request is legal under the Fair and Credit Reporting Act. Also request that if the account reported negative is found incorrect, the information should be passed to the credit bureau with a requesting that it be deleted from your report.
It is your right to take legal actions if a correction is not made, therefore you can inform the furnisher of this within your letter.
The truth is that not many people know about this method. But a single letter to your information furnisher can be the solution to repairing your credit report. Also inform them that you want to see the prove that was used to verify the account to the credit bureaus.
Ashley
