Under the Fair Credit Reporting Act ("FCRA"), the three credit bureaus are required to correct mistakes on your credit report. If you believe your credit report has a mistake you should send them a Dispute Letter to Credit Reporting Agency via certified mail. Click Here to view a sample Dispute Letter.
AREAS TO WATCH
Inaccurate Entries
Many times faulty information on your credit report comes directly from the creditors themselves. When you send your dispute letter sometimes the credit bureau may continue reporting the faulty information. If this occurs, next try contacting the creditor directly, using certified mail then contact us.
Identity Theft
This is now the most frequent consumer complaint filed with the Federal Trade Commission. You should immediately contact the credit reporting agencies. You should also file a police report and contact each creditor.
Bankruptcy Discharge.
After bankruptcy your credit reports should state that the debts have been discharged. You should also have zero balances. This information is usually not properly report and this has a negative impact on chances of rebuilding your credit.
Old Information
A negative debt can only be reported for 7 years. A bankruptcy can only be reported for 10 years. Many times a creditor may falsify the dates on an old debt and re-submit it to the credit reporting agencies.
* The Law Office of Abel L. Pierre, Attorney-at-Law, P.C. is not a credit repair organization and its/employees, agents,associates, and attorneys do not provide credit repair services or attempt to raise credit scores or ratings. Our service is limited to recovering monetary damages on behalf of clients who have been damaged as a result of erroneous information furnished, carried and dissemenated on or via their consumer report within the definition of such under 15 U.S.C. Section 1681 et seq.
