You probably already know that your credit
report contains important information about your life. It is suggested
by many financial advisors that you look over your credit report to
find any discrepancies.
This is really important if you are planning
on
applying for a major purchase. When you check your credit report in
advance, you can check if your credit is clean. Cleaning your credit
report is one of the best ways of how to raise your credit
score.
When you apply for a line of credit
or
financing, the organization that you are going through will pull your
credit report from one of the three major credit reporting bureaus. The
cleaner the report, the better.
If for some reason you are not
granted
credit, insurance, or employment because of the information that a
credit agency has given, you have legal right to find out the name of
the agency you applied to, their address, and telephone number. You can
receive a free copy of your report within 60 days of the denial notice.
If you are wondering how to raise
your
credit score by fixing your credit report, the remainder of this
article will explain what you need to do. First of all, you will want
to write to the reporting agency the discrepancy you noticed.
Sending
proof of your claim is the best option, but still send a letter. Make
sure you include your name and contact information and each item you
are disputing. Make sure to be clear about what you want the agency to
do, delete or correct.
The agency will then investigate
the items
in question. They will usually respond within 30 days. Once the
information provider obtains notice of a dispute, it will review the
information given by the credit reporting agency. If the information
provider realizes that your dispute is correct, it will send out
information to all three credit reporting agencies.
Credit reporting agencies must also
complete
information, by showing you are current with your payments, for
example. Or if you have an account showing that is not yours it must be
deleted.
Once the investigation is complete,
you will
receive the results and a free copy of your clean credit report. Also,
it is to your benefit that your corrected report can be sent to any
company or organization that has received your report within the past
six months.
Cleaning up your credit report is
one of the
best ways of how to raise your credit score. Don’t sit back
and relax when it comes to your credit report. Ask for it annually so
you can check it and double check it for mistakes.